Leading Companies, Size, Growth Factors, Healthy CAGR and Future Outlook To 2030
Leading Companies, Size, Growth Factors, Healthy CAGR and Future Outlook To 2030
Publish Date: 2026-04-02 17:16:00
Source Domain: www.barchart.com
- The AI in Retail Market is projected to grow at a CAGR of 32.0% from USD 31.12 billion in 2024 to USD 164.74 billion by 2030.
- Key growth drivers include real-time data utilization for streamlining supply chain operations, optimizing inventory management, and improving customer engagement.
- AI-powered chatbots and virtual assistants play a crucial role in improving customer service, providing personalized product recommendations and 24/7 support.
- Generative AI (Gen Al) is projected to have the highest CAGR due to its applications in operational efficiency, decision-making, and personalized customer experiences.
- Online end users are set to have the largest market share leveraging AI-driven recommendation systems and chatbots for personalized shopping experiences.
- The Middle East & Africa region is expected to register the highest CAGR driven by digital transformation and government initiatives in integrating AI into retail operations.
- AI’s implementation in retail involves hyper-personalized shopping experiences, demand forecasting for optimized inventory management, and dynamic business decision-making.
- Leading companies in the AI in retail market include Microsoft, Google, Amazon, Oracle, Salesforce, SAP, ServiceNow, Accenture, Infosys, Alibaba, Intel, AMD, Fujitsu, and Capgemini, among others.
