Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

Artificial Intelligence in Retail Market worth 5,034.0 Million USD by 2022

(IT-NEWSWIRE.COM, November 06, 2017 ) The report "Artificial Intelligence in Retail Market by Type (Online, Offline), Technology (Machine Learning and Deep Learning, NLP), Solution, Service (Professional, Managed), Deployment Mode (Cloud, On-Premises), Application, Region - Global Forecast to 2022", The AI in retail market size is expected to grow from USD 993.6 Million in 2017 to USD 5,034.0 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 38.3%. The key factors driving the growth of the AI in retail market include the increasing need to streamline omnichannel retailing and customer turnover.

Browse 61 Market Data Tables and 32 Figures spread through 138 Pages and in-depth TOC on "Artificial Intelligence in Retail Market by Type (Online, Offline), Technology (Machine Learning and Deep Learning, NLP), Solution, Service (Professional, Managed), Deployment Mode (Cloud, On-Premises), Application, Region - Global Forecast to 2022"
<||>rnhttp://www.marketsandmarkets.com/Market-Reports/artificial-intelligence-ai-retail-market-36255973.html


The machine learning and deep learning technology is expected to have the largest market share during the forecast period.

Among the technologies, the machine learning and deep learning segment is expected to have the largest market share during the forecast period. Organizations in the retail industry are using the machine learning and deep learning technology to offer a more personalized experience to the end-users as well as to provide an interactive environment to them. Furthermore, the rising technology adoption can be attributed to the need for streamlining retail operations, minimizing efforts, and increasing revenue for retailers.

For More Info Download PDF Brochure - http://www.marketsandmarkets.com/pdfdownload.asp?id=36255973

The visual search segment is expected to grow at the highest CAGR during the forecast period.

Among the solutions, the need for visual search solutions is expected to grow, due to their increasing popularity among eRetailers as well as shoppers. Customers usually click and save the images of the products they like. Visual search solutions provide users the option to search for the products they wish to buy by simply uploading its image or the URL. Visual search solutions are observing a surge in demand, due to the attractiveness of searching products by simply uploading pictures instead of basic text-based search. Moreover, uploading the product images simplifies the search and also increases the customer turnover for eRetailers, as they can offer more options to the shoppers for similar products.

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 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.

The major vendors providing AI in retail solutions and services include Microsoft (US), Google (US), IBM (US), NVIDIA (US), Intel (US), Oracle (US), Sentient Technologies (US), Salesforce (US), Amazon Web Services (US), SAP (Germany), Inbenta Technologies (US), Nuance Communications (US), SAMSUNG (South Korea), Narrative Science (US), Daisy Intelligence (Canada), Infosys (India), Wipro (India), Happiest Minds (India), MicroStrategy (US), Dynamic Yield (US), IPsoft (US), Appier.com (Taiwan), ViSenze (Singapore), Manthan Software Services (India), and Optoro (US).

Request For Sample Pages- http://www.marketsandmarkets.com/requestsample.asp?id=36255973

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets

Mr. Rohan

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks


Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.
    WebSiteBuilder.GroupWeb.Com

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on GroupWeb.com.

    Emailwire.com/contact.php

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    GroupWeb.com - a Technology News and Resource of GroupWeb Media LLC