AI in Retail Market to grow at 40% CAGR from 2018-2024 Artificial Intelligence (AI) in Retail Market | Page 2

U.S. Artificial Intelligence (AI) in Retail Market Share, By Technology, 2017
(USD Million)
Browse key industry insights spread across 300 pages with 170 market data tables &
23 figures & charts from the report, “Artificial Intelligence (AI) in Retail Market
Size By Component (Solution [Chatbot, Customer Behavior Tracking,
Customer Relationship Management (CRM), Inventory Management, Price
Optimization, Recommendation Engine, Supply Chain Management, Visual
Search], Service [Professional Service, Managed Service]), By Technology
(Machine Learning, Natural Language Processing (NLP), Computer Vision), By
Application (Automated Merchandising, Programmatic Advertising, Market
Forecasting, In-Store AI & Location Optimization, Data Science), Industry
Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain,
Sweden, Switzerland, Australia, China, India, Japan, South Korea, Singapore,
Brazil, Mexico, UAE, Israel, South Africa), Growth Potential, Competitive
Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-retail-market
APAC AI in retail market is anticipated to grow at a CAGR of over 45% during the
forecast period. The growth of the market is attributed to the growing investments in
AI technology and increasing digitalization in the region. China is leading the
investments and accounting for 17% of the global external investments in AI.
Increasing investments by Chinese players also drive the AI in retail market growth
in the region. For instance, Baidu has invested more than USD 1.5 billion in the AI
2 | Page