Information Communication and Technology Reports Artificial Intelligence in Retail | Página 2

North America is expected to have the largest market share while Asia Pacific (APAC) is projected to grow at the
highest CAGR during the forecast period.
Among the regions, North America is expected to continue to dominate the Artificial Intelligence in Retail Market
with the highest market share during the forecast period. This is mainly because of the presence of several
developed economies, such as the United States (US) and Canada, and the region’s focus on enhancing the existing
solutions. North America hosts the major AI solution providers and is an early adopter of the AI technology. Many
retailers in this region have deployed AI-based solutions to optimize their supply chain operations and inventory.
AI is helping the retailers in managing and maintaining their customers, and understanding the buying patterns of
the consumers. To engage customers and increase the sales turnover, AI technologies are being accepted by both
online and offline retail businesses, and this is driving the growth of the market in this region. The APAC region is
expected to grow at the highest CAGR during the forecast period. The increasing technology spending in countries
such as China and India and the demand for cost-effective, advanced AI-based solutions and services among the
retail industry are expected to drive the APAC market growth during the forecast period.
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-
retail-market-36255973.html
Key Target Audience:
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AI in retail solutions, platforms, and service providers
Research organizations and consulting companies
Information security directors/managers
Government organizations
Consultants/advisory firms
Managed service providers
AI system providers
Venture capitalists, private equity firms, and startup companies
AI in retail application builders
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