The Latin America, Middle East and Africa AI In Retail Market would witness market growth of 27.0% CAGR during the forecast period (2022-2028).
Retailers may improve inventory management by gaining a full understanding of their stores, customers, and items by linking more aspects of their operations and implementing AI. Smart shelves are used in another sort of AI inventory management to detect pricing problems and out-of-stock items right away.
For more current inventories, inventory robots can warn personnel of low stock or missing items. Additionally, checkout systems with computer vision capabilities can immediately reduce product loss. As a result, merchants can manage stores more effectively and free up the time of associates to concentrate on elevating the shopping experience for customers.
The demand for monitoring and surveillance at physical stores, the rise in smart gadgets, and government regulations favoring digitization are all contributing causes to the expansion. The use of AI in the retail sector is based on how firms have conducted business in the last few years. Digital businesses need big data, analytics, and AI because they can revolutionize everything from consumer experiences to business operations.
The South African retail industry is well-established and is still growing in other African nations. According to the Foreign Agricultural Service of the United States Department of Agriculture, retail food sales in South Africa reached $40 billion in 2021, a 0.2% gain from 2020 as the country's economy started to recover from the COVID-19 pandemic's consequences. The expansion came after COVID-19 laws were relaxed and in-store shopping rates increased.
The Brazil market dominated the LAMEA AI In Retail Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $378.9 million by 2028. The Argentina market is experiencing a CAGR of 27.6% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 26.6% during (2022 - 2028).
Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Chatbots, Image & Video Analytics, and Swarm Intelligence. Based on Sales Channel, the market is segmented into Omnichannel, Brick & Mortar, and Pure-play Online Retailers. Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Customer Relationship Management (CRM), Supply Chain & Logistics, Inventory Management, Product Optimization, In-Store Navigation, Payment & Pricing Analytics, and Virtual Assistant. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global AI In Retail Market is Predict to reach $24.1 Billion by 2028, at a CAGR of 24.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Salesforce.com, Inc., NVIDIA Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and ViSenze Pte Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Machine Learning
- Natural Language Processing
- Chatbots
- Image & Video Analytics
- Swarm Intelligence
By Sales Channel
- Omnichannel
- Brick & Mortar
- Pure-play Online Retailers
By Component
By Application
- Customer Relationship Management (CRM)
- Supply Chain & Logistics
- Inventory Management
- Product Optimization
- In-Store Navigation
- Payment & Pricing Analytics
- Virtual Assistant
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Salesforce.com, Inc.
- NVIDIA Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- ViSenze Pte Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA AI In Retail Market, by Technology
1.4.2 LAMEA AI In Retail Market, by Sales Channel
1.4.3 LAMEA AI In Retail Market, by Component
1.4.4 LAMEA AI In Retail Market, by Application
1.4.5 LAMEA AI In Retail Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, May – 2022, Sep) Leading Players
Chapter 4. LAMEA AI In Retail Market by Technology
4.1 LAMEA Machine Learning Market by Country
4.2 LAMEA Natural Language Processing Market by Country
4.3 LAMEA Chatbots Market by Country
4.4 LAMEA Image & Video Analytics Market by Country
4.5 LAMEA Swarm Intelligence Market by Country
Chapter 5. LAMEA AI In Retail Market by Sales Channel
5.1 LAMEA Omnichannel Market by Country
5.2 LAMEA Brick & Mortar Market by Country
5.3 LAMEA Pure-play Online Retailers Market by Country
Chapter 6. LAMEA AI In Retail Market by Component
6.1 LAMEA Solution Market by Country
6.2 LAMEA Services Market by Country
Chapter 7. LAMEA AI In Retail Market by Application
7.1 LAMEA Customer Relationship Management (CRM) Market by Country
7.2 LAMEA Supply Chain & Logistics Market by Country
7.3 LAMEA Inventory Management Market by Country
7.4 LAMEA Product Optimization Market by Country
7.5 LAMEA In-Store Navigation Market by Country
7.6 LAMEA Payment & Pricing Analytics Market by Country
7.7 LAMEA Virtual Assistant Market by Country
Chapter 8. LAMEA AI In Retail Market by Country
8.1 Brazil AI In Retail Market
8.1.1 Brazil AI In Retail Market by Technology
8.1.2 Brazil AI In Retail Market by Sales Channel
8.1.3 Brazil AI In Retail Market by Component
8.1.4 Brazil AI In Retail Market by Application
8.2 Argentina AI In Retail Market
8.2.1 Argentina AI In Retail Market by Technology
8.2.2 Argentina AI In Retail Market by Sales Channel
8.2.3 Argentina AI In Retail Market by Component
8.2.4 Argentina AI In Retail Market by Application
8.3 UAE AI In Retail Market
8.3.1 UAE AI In Retail Market by Technology
8.3.2 UAE AI In Retail Market by Sales Channel
8.3.3 UAE AI In Retail Market by Component
8.3.4 UAE AI In Retail Market by Application
8.4 Saudi Arabia AI In Retail Market
8.4.1 Saudi Arabia AI In Retail Market by Technology
8.4.2 Saudi Arabia AI In Retail Market by Sales Channel
8.4.3 Saudi Arabia AI In Retail Market by Component
8.4.4 Saudi Arabia AI In Retail Market by Application
8.5 South Africa AI In Retail Market
8.5.1 South Africa AI In Retail Market by Technology
8.5.2 South Africa AI In Retail Market by Sales Channel
8.5.3 South Africa AI In Retail Market by Component
8.5.4 South Africa AI In Retail Market by Application
8.6 Nigeria AI In Retail Market
8.6.1 Nigeria AI In Retail Market by Technology
8.6.2 Nigeria AI In Retail Market by Sales Channel
8.6.3 Nigeria AI In Retail Market by Component
8.6.4 Nigeria AI In Retail Market by Application
8.7 Rest of LAMEA AI In Retail Market
8.7.1 Rest of LAMEA AI In Retail Market by Technology
8.7.2 Rest of LAMEA AI In Retail Market by Sales Channel
8.7.3 Rest of LAMEA AI In Retail Market by Component
8.7.4 Rest of LAMEA AI In Retail Market by Application
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Salesforce.com, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 NVIDIA Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.5 SWOT Analysis
9.5 Google LLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 IBM Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional & Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Mergers & Acquisition:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Microsoft Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Mergers & Acquisition:
9.7.6 SWOT Analysis
9.8 Oracle Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations & Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 SAP SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.10. ViSenze Pte Ltd
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 LAMEA AI In Retail Market, 2018 - 2021, USD Million
TABLE 2 LAMEA AI In Retail Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI In Retail Market
TABLE 4 Product Launches And Product Expansions– AI In Retail Market
TABLE 5 Acquisition and Mergers– AI In Retail Market
TABLE 6 LAMEA AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 7 LAMEA AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 8 LAMEA Machine Learning Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Machine Learning Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Natural Language Processing Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Natural Language Processing Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Chatbots Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Chatbots Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Image & Video Analytics Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Image & Video Analytics Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Swarm Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Swarm Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 19 LAMEA AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 20 LAMEA Omnichannel Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Omnichannel Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Brick & Mortar Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Brick & Mortar Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Pure-play Online Retailers Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Pure-play Online Retailers Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 27 LAMEA AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 28 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 33 LAMEA AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 34 LAMEA Customer Relationship Management (CRM) Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Customer Relationship Management (CRM) Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Supply Chain & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA Supply Chain & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Product Optimization Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA Product Optimization Market by Country, 2022 - 2028, USD Million
TABLE 42 LAMEA In-Store Navigation Market by Country, 2018 - 2021, USD Million
TABLE 43 LAMEA In-Store Navigation Market by Country, 2022 - 2028, USD Million
TABLE 44 LAMEA Payment & Pricing Analytics Market by Country, 2018 - 2021, USD Million
TABLE 45 LAMEA Payment & Pricing Analytics Market by Country, 2022 - 2028, USD Million
TABLE 46 LAMEA Virtual Assistant Market by Country, 2018 - 2021, USD Million
TABLE 47 LAMEA Virtual Assistant Market by Country, 2022 - 2028, USD Million
TABLE 48 LAMEA AI In Retail Market by Country, 2018 - 2021, USD Million
TABLE 49 LAMEA AI In Retail Market by Country, 2022 - 2028, USD Million
TABLE 50 Brazil AI In Retail Market, 2018 - 2021, USD Million
TABLE 51 Brazil AI In Retail Market, 2022 - 2028, USD Million
TABLE 52 Brazil AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 53 Brazil AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 54 Brazil AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 55 Brazil AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 56 Brazil AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 57 Brazil AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 58 Brazil AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 59 Brazil AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 60 Argentina AI In Retail Market, 2018 - 2021, USD Million
TABLE 61 Argentina AI In Retail Market, 2022 - 2028, USD Million
TABLE 62 Argentina AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 63 Argentina AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 64 Argentina AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 65 Argentina AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 66 Argentina AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 67 Argentina AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 68 Argentina AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 69 Argentina AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 70 UAE AI In Retail Market, 2018 - 2021, USD Million
TABLE 71 UAE AI In Retail Market, 2022 - 2028, USD Million
TABLE 72 UAE AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 73 UAE AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 74 UAE AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 75 UAE AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 76 UAE AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 77 UAE AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 78 UAE AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 79 UAE AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 80 Saudi Arabia AI In Retail Market, 2018 - 2021, USD Million
TABLE 81 Saudi Arabia AI In Retail Market, 2022 - 2028, USD Million
TABLE 82 Saudi Arabia AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 83 Saudi Arabia AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 84 Saudi Arabia AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 85 Saudi Arabia AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 86 Saudi Arabia AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 87 Saudi Arabia AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 88 Saudi Arabia AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 89 Saudi Arabia AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 90 South Africa AI In Retail Market, 2018 - 2021, USD Million
TABLE 91 South Africa AI In Retail Market, 2022 - 2028, USD Million
TABLE 92 South Africa AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 93 South Africa AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 94 South Africa AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 95 South Africa AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 96 South Africa AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 97 South Africa AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 98 South Africa AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 99 South Africa AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 100 Nigeria AI In Retail Market, 2018 - 2021, USD Million
TABLE 101 Nigeria AI In Retail Market, 2022 - 2028, USD Million
TABLE 102 Nigeria AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 103 Nigeria AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 104 Nigeria AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 105 Nigeria AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 106 Nigeria AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 107 Nigeria AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 108 Nigeria AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 109 Nigeria AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 110 Rest of LAMEA AI In Retail Market, 2018 - 2021, USD Million
TABLE 111 Rest of LAMEA AI In Retail Market, 2022 - 2028, USD Million
TABLE 112 Rest of LAMEA AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 113 Rest of LAMEA AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 114 Rest of LAMEA AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 115 Rest of LAMEA AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 116 Rest of LAMEA AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 117 Rest of LAMEA AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 118 Rest of LAMEA AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 119 Rest of LAMEA AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 120 Key Information – Intel Corporation
TABLE 121 Key Information –Salesforce.com, Inc.
TABLE 122 Key Information – NVIDIA Corporation
TABLE 123 Key Information – Amazon Web Services, Inc.
TABLE 124 Key Information – Google LLC
TABLE 125 Key information – IBM Corporation
TABLE 126 key information – Microsoft Corporation
TABLE 127 Key Information – Oracle Corporation
TABLE 128 Key Information – SAP SE
TABLE 129 Key Information – ViSenze Pte Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, May – 2022, Sep) Leading Players
FIG 6 Recent strategies and developments: intel corporation
FIG 7 SWOT analysis: Intel corporation
FIG 8 Recent strategies and developments: Salesforce.com, Inc.
FIG 9 SWOT Analysis: Salesforce.com Inc.
FIG 10 Recent strategies and developments: NVIDIA Corporation
FIG 11 SWOT Analysis: NVIDIA Corporation
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: Google LLC
FIG 14 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 15 Recent strategies and developments: IBM Corporation
FIG 16 Swot analysis: IBM Corporation
FIG 17 Recent strategies and developments: Microsoft Corporation
FIG 18 SWOT Analysis: Microsoft Corporation
FIG 19 Recent strategies and developments: Oracle Corporation
FIG 20 SWOT analysis: Oracle Corporation
FIG 21 Recent strategies and developments: SAP SE
FIG 22 Recent strategies and developments: ViSenze Pte Ltd