The North America AI In Retail Market would witness market growth of 23.6% CAGR during the forecast period (2022-2028).
Technology fuels AI in retail at every step of the journey, from the brick-and-mortar edge to the cloud. Retailers nowadays need to respond to their customers in a way that has never been conceivable while also reducing waste and inefficiencies in their business operations. Data is available, but making sense of the overwhelming amount of it requires real expertise.
More than just connecting things is what digital transformation in retail is all about. It involves turning data into insights that guide decisions and lead to improved business results. These insights are produced in large proportion by AI in retail, specifically machine learning and deep learning. For retailers, this results in amazing customer experiences, chances to increase revenue, quick innovation, and shrewd operations, all of which help set businesses apart from their rivals.
Numerous shops already incorporate AI into some aspects of their business. AI in CRM software can be used to automate marketing tasks, and predictive analytics can be used to determine which customers are most likely to purchase particular goods. The cloud makes it possible to store and process AI workloads that call for large amounts of data from numerous sources.
The North America AI in retail market is very large and it is also expanding rapidly owing to a number of factors. In order to improve customer service effectiveness, businesses in North America are focusing on gathering the available data on consumer preferences. Additionally, the United States was the first country to deploy artificial intelligence technology and is already reaping significant economic benefits.
The US market dominated the North America AI In Retail Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,406.5 million by 2028. The Canada market is poised to grow at a CAGR of 26.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 25.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global AI In Retail Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America AI In Retail Market, by Technology
1.4.2 North America AI In Retail Market, by Sales Channel
1.4.3 North America AI In Retail Market, by Component
1.4.4 North America AI In Retail Market, by Application
1.4.5 North America 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. North America AI In Retail Market by Technology
4.1 North America Machine Learning Market by Country
4.2 North America Natural Language Processing Market by Country
4.3 North America Chatbots Market by Country
4.4 North America Image & Video Analytics Market by Country
4.5 North America Swarm Intelligence Market by Country
Chapter 5. North America AI In Retail Market by Sales Channel
5.1 North America Omnichannel Market by Country
5.2 North America Brick & Mortar Market by Country
5.3 North America Pure-play Online Retailers Market by Country
Chapter 6. North America AI In Retail Market by Component
6.1 North America Solution Market by Country
6.2 North America Services Market by Country
Chapter 7. North America AI In Retail Market by Application
7.1 North America Customer Relationship Management (CRM) Market by Country
7.2 North America Supply Chain & Logistics Market by Country
7.3 North America Inventory Management Market by Country
7.4 North America Product Optimization Market by Country
7.5 North America In-Store Navigation Market by Country
7.6 North America Payment & Pricing Analytics Market by Country
7.7 North America Virtual Assistant Market by Country
Chapter 8. North America AI In Retail Market by Country
8.1 US AI In Retail Market
8.1.1 US AI In Retail Market by Technology
8.1.2 US AI In Retail Market by Sales Channel
8.1.3 US AI In Retail Market by Component
8.1.4 US AI In Retail Market by Application
8.2 Canada AI In Retail Market
8.2.1 Canada AI In Retail Market by Technology
8.2.2 Canada AI In Retail Market by Sales Channel
8.2.3 Canada AI In Retail Market by Component
8.2.4 Canada AI In Retail Market by Application
8.3 Mexico AI In Retail Market
8.3.1 Mexico AI In Retail Market by Technology
8.3.2 Mexico AI In Retail Market by Sales Channel
8.3.3 Mexico AI In Retail Market by Component
8.3.4 Mexico AI In Retail Market by Application
8.4 Rest of North America AI In Retail Market
8.4.1 Rest of North America AI In Retail Market by Technology
8.4.2 Rest of North America AI In Retail Market by Sales Channel
8.4.3 Rest of North America AI In Retail Market by Component
8.4.4 Rest of North America 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 North America AI In Retail Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 7 North America AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 8 North America Machine Learning Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Machine Learning Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Natural Language Processing Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Natural Language Processing Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Chatbots Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Chatbots Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Image & Video Analytics Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Image & Video Analytics Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Swarm Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Swarm Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 18 North America AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 19 North America AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 20 North America Omnichannel Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Omnichannel Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Brick & Mortar Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Brick & Mortar Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Pure-play Online Retailers Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Pure-play Online Retailers Market by Country, 2022 - 2028, USD Million
TABLE 26 North America AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 27 North America AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 28 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 32 North America AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 33 North America AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 34 North America Customer Relationship Management (CRM) Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Customer Relationship Management (CRM) Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Supply Chain & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Supply Chain & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Product Optimization Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Product Optimization Market by Country, 2022 - 2028, USD Million
TABLE 42 North America In-Store Navigation Market by Country, 2018 - 2021, USD Million
TABLE 43 North America In-Store Navigation Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Payment & Pricing Analytics Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Payment & Pricing Analytics Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Virtual Assistant Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Virtual Assistant Market by Country, 2022 - 2028, USD Million
TABLE 48 North America AI In Retail Market by Country, 2018 - 2021, USD Million
TABLE 49 North America AI In Retail Market by Country, 2022 - 2028, USD Million
TABLE 50 US AI In Retail Market, 2018 - 2021, USD Million
TABLE 51 US AI In Retail Market, 2022 - 2028, USD Million
TABLE 52 US AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 53 US AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 54 US AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 55 US AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 56 US AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 57 US AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 58 US AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 59 US AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 60 Canada AI In Retail Market, 2018 - 2021, USD Million
TABLE 61 Canada AI In Retail Market, 2022 - 2028, USD Million
TABLE 62 Canada AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 63 Canada AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 64 Canada AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 65 Canada AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 66 Canada AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 67 Canada AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 68 Canada AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 69 Canada AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 70 Mexico AI In Retail Market, 2018 - 2021, USD Million
TABLE 71 Mexico AI In Retail Market, 2022 - 2028, USD Million
TABLE 72 Mexico AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 73 Mexico AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 74 Mexico AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 75 Mexico AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 76 Mexico AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 77 Mexico AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 78 Mexico AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 79 Mexico AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 80 Rest of North America AI In Retail Market, 2018 - 2021, USD Million
TABLE 81 Rest of North America AI In Retail Market, 2022 - 2028, USD Million
TABLE 82 Rest of North America AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 83 Rest of North America AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 84 Rest of North America AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 85 Rest of North America AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 86 Rest of North America AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 87 Rest of North America AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 88 Rest of North America AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of North America AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 90 Key Information – Intel Corporation
TABLE 91 Key Information –Salesforce.com, Inc.
TABLE 92 Key Information – NVIDIA Corporation
TABLE 93 Key Information – Amazon Web Services, Inc.
TABLE 94 Key Information – Google LLC
TABLE 95 Key information – IBM Corporation
TABLE 96 key information – Microsoft Corporation
TABLE 97 Key Information – Oracle Corporation
TABLE 98 Key Information – SAP SE
TABLE 99 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