Product Code: GVR-4-68039-975-1
Artificial Intelligence In Retail Market Growth & Trends:
The global artificial intelligence in retail market size is expected to reach USD 40.74 billion by 2030, registering a CAGR of 23.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising prominence of advanced technologies, such as chatbots and voice recognition programs, has furthered the growth potential. Moreover, the emerging online retail sales, increasing focus of retailers on improving customers' shopping experience, rising reliance on digital marketing, and growing investments in AI, accompanied by supportive government regulations, are the crucial factors contributing to the progress of the industry worldwide.
AI algorithms play a pivotal role in assessing a considerable amount of data collated from consumers' online behavior. Moreover, AI-driven image and video analytics have become trendier to help filter out and classify images and less important visual content, expediting investments across developed and developing economies.
Adopting AI in retail helps provide better outcomes and engage customers in the virtual world, which is expected to increase demand for AI in retail in the coming years. For instance, in January 2021, Google LLC launched Product Discovery Solutions for Retail. This product is a suite of services created to improve retailers' e-commerce potential and aid them in delivering personalized consumer experiences.
The image and video analytics segment is poised to gain a significant share in the AI in retail market during the assessment period, partly due to the growing prominence of in-store promotional strategies and image search. To illustrate, eBay uses AI to streamline image searches, enhance buyer-seller trust, and boost shipping and delivery times. Meanwhile, Amazon prioritizes AI to expand visual search and facial recognition, among others.
Stakeholders anticipate the virtual assistant segment to contribute significantly to the global market. The trend is mainly attributed to the growing prominence of voice-powered search queries and personalized shopping experiences. Prominently, intelligent virtual assistants have reshaped the industry dynamics, helping retailers handle customer queries seamlessly.
Major players in the market are consistently investing in advanced technologies and introducing customer targeting and tailored solutions to stay ahead of the competition. For instance, in August 2020, Kenco, a company that provides logistics services based in the U.S., launched DaVinci AI to create predictive insights, boosting supply chain and prescriptive actions.
Artificial Intelligence In Retail Market Report Highlights:
- The solution segment dominated the market with a revenue share of more than 62% in 2024. The emerging challenges in managing several retail operations are said to boost the retail sector's innovative and new automated technologies.
- The machine learning segment led the market with the largest revenue share in 2024. Machine learning serves fast and is suitable for delivering personalized experiences to consumers. To fuel efficiency, it aids retail vendors in enhancing supply chain systems and demand forecasts.
- The omnichannel segment dominated the market with a significant revenue share in 2024. Omnichannel strategies have gained immense popularity due to the expansion of digitization across developing and developed countries.
- The Customer Relationship Management (CRM) segment dominated the market in 2024. The CRM segment will gain prominence with strong demand to boost customer retention and customer service.
- North America artificial intelligence in the retail market dominated the global industry with a revenue share of 33.4% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.2.2. Information or Data Analysis
- 1.3. Methodology
- 1.4. Research Scope and Assumptions
- 1.5. Market Formulation & Validation
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. AI in Retail Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. AI in Retail Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Economic Landscape
- 3.3.2.3. Social Landscape
- 3.3.2.4. Technological Landscape
- 3.3.2.5. Environmental Landscape
- 3.3.2.6. Legal Landscape
Chapter 4. AI in Retail Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. AI in Retail Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. AI in Retail Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. AI in Retail Market: Technology Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Machine Learning
- 5.3.1. Machine Learning Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Natural Language Processing
- 5.4.1. Natural Language Processing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Chatbots
- 5.5.1. Chatbots Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Image and Video Analytics
- 5.6.1. Image and Video Analytics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Swarm Intelligence
- 5.7.1. Swarm Intelligence Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. AI in Retail Market: Sales Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. AI in Retail Market: Sales Channel Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Omnichannel
- 6.3.1. Omnichannel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Brick and Mortar
- 6.4.1. Brick and Mortar Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Pure-play Online Retailers
- 6.5.1. Pure-play Online Retailers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. AI in Retail Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. AI in Retail Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Customer Relationship Management (CRM)
- 7.3.1. Customer Relationship Management (CRM) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Supply Chain and Logistics
- 7.4.1. Supply Chain and Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Inventory Management
- 7.5.1. Inventory Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Product Optimization
- 7.6.1. Product Optimization Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. In-Store Navigation
- 7.7.1. In-Store Navigation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Payment and Pricing Analytics
- 7.8.1. Payment and Pricing Analytics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Virtual Assistant
- 7.9.1. Virtual Assistant Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.10. Others
- 7.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. AI in Retail Market: Regional Estimates & Trend Analysis
- 8.1. AI in Retail Market Share, By Region, 2024 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.1.1. North America AI in Retail Market Estimates and Forecasts, by Country, 2018 - 2030 (USD Million)
- 8.2.1.2. North America AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.2.1.3. North America AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.2.1.4. North America AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.2.1.5. North America AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2.2. U.S. AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.2.2.3. U.S. AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.2.2.4. U.S. AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.2.2.5. U.S. AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3.2. Canada AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.2.3.3. Canada AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.2.3.4. Canada AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.2.3.5. Canada AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4.2. Mexico AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.2.4.3. Mexico AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.2.4.4. Mexico AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.2.4.5. Mexico AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.1.1. Europe AI in Retail Market Estimates and Forecasts, by Country, 2018 - 2030 (USD Million)
- 8.3.1.2. Europe AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.3.1.3. Europe AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.3.1.4. Europe AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.3.1.5. Europe AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
- 8.3.2.1. U.K. AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2.2. U.K. AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.3.2.3. U.K. AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.3.2.4. U.K. AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.3.2.5. U.K. AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3.2. Germany AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.3.3.3. Germany AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.3.3.4. Germany AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.3.3.5. Germany AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4.2. France AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.3.4.3. France AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.3.4.4. France AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.3.4.5. France AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.1.1. Asia Pacific AI in Retail Market Estimates and Forecasts, by Country, 2018 - 2030 (USD Million)
- 8.4.1.2. Asia Pacific AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.1.3. Asia Pacific AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.1.4. Asia Pacific AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.1.5. Asia Pacific AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2.2. China AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.2.3. China AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.2.4. China AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.2.5. China AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3.2. Japan AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.3.3. Japan AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.3.4. Japan AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.3.5. Japan AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4.2. India AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.4.3. India AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.4.4. India AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.4.5. India AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5.2. South Korea AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.5.3. South Korea AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.5.4. Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.5.5. South Korea AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6.2. Australia AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.4.6.3. Australia AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.4.6.4. Australia AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.4.6.5. Australia AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.1.1. Latin America AI in Retail Market Estimates and Forecasts, by Country, 2018 - 2030 (USD Million)
- 8.5.1.2. Latin America AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.5.1.3. Latin America AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.5.1.4. Latin America AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.5.1.5. Latin America AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2.2. Brazil AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.5.2.3. Brazil AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.5.2.4. Brazil AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.5.2.5. Brazil AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.1.1. Middle East and Africa AI in Retail Market Estimates and Forecasts, by Country, 2018 - 2030 (USD Million)
- 8.6.1.2. Middle East and Africa AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.6.1.3. Middle East and Africa AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.6.1.4. Middle East and Africa AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.6.1.5. Middle East and Africa AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2.2. UAE AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.6.2.3. UAE AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.6.2.4. UAE AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.6.2.5. UAE AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3.2. KSA AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.6.3.3. KSA AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.6.3.4. KSA AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.6.3.5. KSA AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa AI in Retail Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4.2. South Africa AI in Retail Market Estimates and Forecasts, by Component, 2018 - 2030 (USD Million)
- 8.6.4.3. South Africa AI in Retail Market Estimates and Forecasts, by Technology, 2018 - 2030 (USD Million)
- 8.6.4.4. South Africa AI in Retail Market Estimates and Forecasts, by Sales Channel, 2018 - 2030 (USD Million)
- 8.6.4.5. South Africa AI in Retail Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.6. Company Profiles/Listing
- 9.6.1. NVIDIA Corporation
- 9.6.1.1. Participant's overview
- 9.6.1.2. Financial performance
- 9.6.1.3. Product benchmarking
- 9.6.1.4. Strategic initiatives
- 9.6.2. Microsoft Corporation
- 9.6.2.1. Participant's overview
- 9.6.2.2. Financial performance
- 9.6.2.3. Product benchmarking
- 9.6.2.4. Strategic initiatives
- 9.6.3. Google LLC
- 9.6.3.1. Participant's overview
- 9.6.3.2. Financial performance
- 9.6.3.3. Product benchmarking
- 9.6.3.4. Strategic initiatives
- 9.6.4. IBM Corporation
- 9.6.4.1. Participant's overview
- 9.6.4.2. Financial performance
- 9.6.4.3. Product benchmarking
- 9.6.4.4. Strategic initiatives
- 9.6.5. SAP SE
- 9.6.5.1. Participant's overview
- 9.6.5.2. Financial performance
- 9.6.5.3. Product benchmarking
- 9.6.5.4. Strategic initiatives
- 9.6.6. Oracle Corporation
- 9.6.6.1. Participant's overview
- 9.6.6.2. Financial performance
- 9.6.6.3. Product benchmarking
- 9.6.6.4. Strategic initiatives
- 9.6.7. Sentient technologies
- 9.6.7.1. Participant's overview
- 9.6.7.2. Financial performance
- 9.6.7.3. Product benchmarking
- 9.6.7.4. Strategic initiatives
- 9.6.8. Intel Corporation
- 9.6.8.1. Participant's overview
- 9.6.8.2. Financial performance
- 9.6.8.3. Product benchmarking
- 9.6.8.4. Strategic initiatives
- 9.6.9. Salesforce, Inc.
- 9.6.9.1. Participant's overview
- 9.6.9.2. Financial performance
- 9.6.9.3. Product benchmarking
- 9.6.9.4. Strategic initiatives