AI in Retail - Global Market Analysis (2020-2027) by Product, Application, Technology, Deployment and Region - ResearchAndMarkets.com
Summary
DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Retail Market by Product, Application (Predictive Merchandizing, Programmatic Advertising), Technology (Machine Learning, Natural Language Processing), Deployment (Cloud, On-Premises), and Geography - Global Forecast to 2027" report has been added to ResearchAndMarkets.coms offering. Besides, the factors such as increasing awareness about AI and big data & analytics, consistent proliferation of Internet of Things, and enhanced end-user experience is also contributing to the market growth. However, the high cost of transformation and lack of infrastructure are some of the major factors hindering the market growth during the forecast period. Based on product offering, the solutions segment is estimated to command the largest share of the overall artificial intelligence in retail market in 2020. In 2020, North America region is estimated to command the largest share of the global artificial intelligence in retail market, followed by Europe and Asia Pacific.