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  • Algeria
    Europe’s unforced errors in the Maghreb

    Europe’s unforced errors in the Maghreb

    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

    Algeria: Postal workers on strike as of Jan. 29

    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

    Pan African Parliament president Charumbira in Algeria

    Pan African Parliament president Charumbira in Algeria

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

    Iran, Nigeria set up joint sci-tech working group

    Iran, Nigeria set up joint sci-tech working group

  • Egypt
    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    India and Egypt Expand Space Cooperation through a Strategic Partnership

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Egypt efforts to modernise aircraft inventory to drive defence expenditure

    Is now the right time for Egypt's government IPOs? – Daily News Egypt

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Libya
    Ministry of Economy convenes meeting on food and drug security

    Ministry of Economy convenes meeting on food and drug security

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

    Libya, Italy sign agreements to enhance cooperation

    Eni signs $8bn gas deal with Libya amid political unrest

    Eni signs $8bn gas deal with Libya amid political unrest

    Arab states boycott regional meeting in divided Libyan capital – World

    Arab states boycott regional meeting in divided Libyan capital – World

    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

    Trending Tags

    • Morocco
      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Africa IVD Market to be Worth $1.78 Billion by 2029

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Fifty local elected officials from the Oriental region trained in territorial coaching

      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

      Trending Tags

      • South Sudan
        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

        South Sudan president directs payment of UN membership arrears – Sudan Tribune

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

        South Sudan President’s Video | Nation/World

        South Sudan President’s Video | Nation/World

        Is South Sudan the next major migration movement in the making?

        Is South Sudan the next major migration movement in the making?

        11 killed in South Darfur attacks says state government

        11 killed in South Darfur attacks says state government

        Trending Tags

        • Sudan
          Gives on the Go is the space for helping business owners with business credit and financing.

          Gives on the Go is the space for helping business owners with business credit and financing.

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

          Trending Tags

          • Tunisia
            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

            Gunmen kill eight at birthday party in South Africa-Police

            Gunmen kill eight at birthday party in South Africa-Police

            IoT In Banking & Financial Services Market to See Booming Growth

            Another uprising is in the making in Tunisia | Opinions

            Another uprising is in the making in Tunisia | Opinions

            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

            Algeria Takes New Measures to Boost Desert Tourism

            Algeria Takes New Measures to Boost Desert Tourism

            Trending Tags

            • North Africa
              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

              تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

              Trending Tags

              • Middle east
                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                Youth Artists Across the World Called to get Creative for Wildlife

                Trending Tags

                • Press releases
                  Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

                  Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

                  CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

                  CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

                  UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

                  UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

                  Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

                  Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

                  Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

                  Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

                  Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

                  Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

                  Trending Tags

                  • Algeria
                    Europe’s unforced errors in the Maghreb

                    Europe’s unforced errors in the Maghreb

                    Algeria: Heatwave forecast across central and northeastern regions through at least July 2

                    Algeria: Postal workers on strike as of Jan. 29

                    Algeria tenders to buy nominal 50000 tonnes durum wheat -traders – Nasdaq

                    Pan African Parliament president Charumbira in Algeria

                    Pan African Parliament president Charumbira in Algeria

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    AP Business SummaryBrief at 2:55 a.m. EST | Business … – Valdosta Daily Times

                    Iran, Nigeria set up joint sci-tech working group

                    Iran, Nigeria set up joint sci-tech working group

                  • Egypt
                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    Egypt released 135,000 tons of corn, soy fodder worth $91 million from ports last week: Minister – Economy – Business

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    India and Egypt Expand Space Cooperation through a Strategic Partnership

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Arab Africa Trade Bridges (AATB) Program Hosts Series of Bilateral Trade Business to Business (B2B) Meetings in Casablanca, Morocco

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Egypt efforts to modernise aircraft inventory to drive defence expenditure

                    Is now the right time for Egypt's government IPOs? – Daily News Egypt

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Islamic Corporation for the Development of the Private Sector (ICD) Sign $120 Million Program for 2023

                    Trending Tags

                    • Commentary
                    • Featured
                    • Event
                    • Editorial
                  • Libya
                    Ministry of Economy convenes meeting on food and drug security

                    Ministry of Economy convenes meeting on food and drug security

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Italy, Libya sign $8-billion gas deal as PM Meloni visits Tripoli

                    Libya, Italy sign agreements to enhance cooperation

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Eni signs $8bn gas deal with Libya amid political unrest

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Arab states boycott regional meeting in divided Libyan capital – World

                    Libya: Heightened security, disruptions likely as of early June 11 following clashes between armed groups in Tripoli

                    Libya: Clashes erupted at Tripoli International Airport between militias aligned with Government of National Unity early Jan. 19

                    Trending Tags

                    • Morocco
                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Spain, Morocco To Sign 20 Bilateral Agreements During … – Morocco World News

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Africa IVD Market to be Worth $1.78 Billion by 2029

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Fifty local elected officials from the Oriental region trained in territorial coaching

                      Global Morocco Cosmetics Market Size, Share, Movements By Trend Analysis, Growth Status, Revenue Analysis To 2028

                      Trending Tags

                      • South Sudan
                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

                        South Sudan president directs payment of UN membership arrears – Sudan Tribune

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        Through football, South Sudan’s youth forge ahead – DW – 01/16/2023

                        South Sudan President’s Video | Nation/World

                        South Sudan President’s Video | Nation/World

                        Is South Sudan the next major migration movement in the making?

                        Is South Sudan the next major migration movement in the making?

                        11 killed in South Darfur attacks says state government

                        11 killed in South Darfur attacks says state government

                        Trending Tags

                        • Sudan
                          Gives on the Go is the space for helping business owners with business credit and financing.

                          Gives on the Go is the space for helping business owners with business credit and financing.

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

                          The Indonesian Ambassador to Khartoum Received a Visit from the Jambi Student Association

                          The Indonesian Embassy in Khartoum Supports the Graduation Ceremony of Indonesian Students in Sudan

                          Trending Tags

                          • Tunisia
                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

                            Gunmen kill eight at birthday party in South Africa-Police

                            Gunmen kill eight at birthday party in South Africa-Police

                            IoT In Banking & Financial Services Market to See Booming Growth

                            Another uprising is in the making in Tunisia | Opinions

                            Another uprising is in the making in Tunisia | Opinions

                            Algeria opens doors to tourists, visa on arrival plan – Arabian Business

                            Algeria Takes New Measures to Boost Desert Tourism

                            Algeria Takes New Measures to Boost Desert Tourism

                            Trending Tags

                            • North Africa
                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                              NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                              تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                              Trending Tags

                              • Middle east
                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

                                Youth Artists Across the World Called to get Creative for Wildlife

                                Trending Tags

                                • Press releases
                                  Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

                                  Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

                                  CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

                                  CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

                                  UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

                                  UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

                                  Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

                                  Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

                                  Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

                                  Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

                                  Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

                                  Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

                                  Trending Tags

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                                  Home Press Releases

                                  Artificial Intelligence in Retail Market Estimated to grow at a CAGR of 40.10% During the Forecast Period 2021-2026

                                  admin by admin
                                  February 12, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, February 12, 2022 ) Global Artificial Intelligence in Retail Market generated a value of $1,524.3 million in 2020 and is estimated to reach $10,164.7 million by 2026, growing at a CAGR of 40.10% during the forecast period of 2021-2026. Artificial Intelligence in retail enables faster business decisions based on outputs from cognitive technologies and saves time and money by automating and optimizing routine processes and tasks. Business leaders are looking for ways to sharpen their competitive edge, and are implementing AI to improve the standards, customer experience, and revenues and fast processing. Retail Artificial Intelligence (AI) is set to pave the way for the smart commercialism in industries like food & beverages, electronics, fashion and all other sectors, where processes can be optimized by machine learning and predicting the human behavior. Ai in Retail Market is majorly driven by increased usage of artificial intelligence in customer relationship management, warehouse automation and in online stores, especially in clothing. The expanding investments in AI-based solutions along with the rising machine ability for verdict creation from trillion bytes of online data is estimated to drive the market growth during the forecast period 2021-2026.

                                  Artificial Intelligence in Retail Market Segment Analysis – By Platform

                                  By Platform, In Store segment held the major share in 2020 with a revenue of 943.78m and is estimated to reach 5,407.55m by 2026 growing at a CAGR of 36.60% during the forecast period 2021-2026. However, E-Commerce segment is estimated to grow at a fastest rate CAGR of 44.84% during the forecast period 2021-2026. Commerce Artificial Intelligence, which has started is showing effect on different industries such as marketing, finance, healthcare, and more, used in the area of e-commerce. It is predicted to see a huge surge of Retail artificial Intelligence in e-commerce, and this technology is used to develop valuable business insights. Today, AI in Retail is modifying the way in which e-commerce stores function and offer the services to their customers. Some of the ways in which commerce artificial intelligence is changing the field of online shopping are image search, customer centric search, retarget potential customers, virtual buying assistants, analyzing big data. The technology also offers innovative opportunities to evaluate Big Data and lets e-commerce business connect with their customers on a new level and create superior client experiences. AI applications analyses the customer data to project future shopping trends and make product recommendations based on browsing pattern which is driving the markets growth. However, this comes at high cost, it is a complex process, apart from the installation costs, the restoration and maintenance is often pricey. Also, if there is a breakdown, the costs and time of procurement is very high which is likely to hinder the market.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=500716

                                  Report Price: $ 4500 (Single User License)

                                  Artificial Intelligence in Retail Market Segment Analysis – By Application

                                  By Application, Warehouse segment is the major revenue generating segment with $403.53m in 2020 and is forecast to generate $2,969.39m by 2026. This is mainly owing to the use of robots to automate and speed up work. The Retail Artificial Intelligence is all around us, all the business have been using AI technology to improve the decision-making process, and the use of Customer Relationship Management (CRM) is growing as well. Integration of AI into CRM can automate the customer emails, reports, captures the data and more, which avoids the risk of human errors in daily life and in administration. According to the trends of 2020, CRM has evolved, and the AI technology has improved the customer experience as it predicts the future behavior of the customer and segmentation of customers becomes easy, image recognition and sentiment analysis are factors which supports that CRM is the future of the market and which is likely to drive the market. For all these programs to work effectively, a vast volume of information must be gathered and processed. This ensures that the companies are largely responsible for the data protection, in the areas like privacy of customers and privacy of the entire business and there can be risk of data exploitation or system gets corrupted leading to security threats which is likely to hinder the market growth.

                                  Artificial Intelligence in Retail Market Segment Analysis – By Geography

                                  North America is the major region dominating the Retail Artificial Intelligence Market with revenue of $561.27m in 2020 and is also estimated to grow at a fastest CAGR of 39.55% during the forecast period of 2021-2026 to generate a revenue of $3,656.34m in 2026. North America is leading the market especially owing to the availability of leading players of the market in the region and high investments by the government and private entities to advance in the AI technology. In North America region, U.S. is dominating the Retail Artificial Intelligence Market generating a revenue of $397.74m in 2020 and is also estimated to grow at a CAGR of 40.03% during the forecast period of 2021-2026 to generate a revenue of $2,644.99m in 2026. Mexico is likely to surpass U.S in terms of CAGR with 42.56% for the forecast period 2021-2026. Europe is the second major region dominating the Retail Artificial Intelligence Market with revenue of $420.79m in 2020 and is also estimated to grow at a CAGR of 41.53% during the forecast period of 2021-2026 to generate a revenue of $2,984.57m in 2026. The market is fragmented with key players accounting for about 44.54% of the market revenue in 2020. Companies in this market are adopting acquisitions to cut-down competition.

                                  Inquiry Before Buying @https://www.industryarc.com/reports/request-quote?id=500716

                                  Artificial Intelligence in Retail Market Drivers

                                  Increasing Use of AI in CRM

                                  Customer Relationship Management (CRM) software has evolved with many developments such as face and voice recognition. For example, Salesforce Einstein and Zoho CRMs Zia are AI-powered CRM that uses voice commands to access information. Companies are using AI to boost their decision-making processes such as online customer support, intelligent personal assistants, and process automation. 65% of the company’s business comes from existing customers and it costs five times greater to attract a new customer than to keep an existed satisfied one. Thus, the use of CRM is essential. Integration of AI tools in CRM will help them to better understand the customers by processing more information in terms of data. Sales representatives who spend their half of time in CRM for trying to manage CRM tasks more effectively. AI technology can easily surpass this challenge by automating most of these tasks and eventually offering more valuable insights. This is turn is driving the growth of the Ai in Retail market during the forecast period 2021-2026.

                                  Increasing Deployment in Growing E-Commerce Sector

                                  Artificial Intelligence is enabling consumers to sense, predict, and automate. It helps startups, manufacturers, and retailers to set a new example in the industry by improving user experience. In 2020, around 80% of consumer interaction in the e-commerce industry is handled by Artificial Intelligence (AI). Trends of consumers are changing in terms of using such technological products and purchasing power. Advanced Visual Search engines such as Google, Amazon, Bing uses real-world images such as snaps, screenshots, internet images for online searches. These features are leveraged by many famous retailers such as ASOS, eBay, Disney, Levis, etc. Moreover, Natural Language Processing (NLP) is used on a wider scale in e-commerce industry to analyze customers’ behavior, shopping trends, and customized recommendations for increasing upselling. With increasing recommendations, accurate e-commerce companies are set to build brand loyalty and expand their customer base. Deep Learning Algorithms are used to recommend e-commerce products as per various patterns in shopping behavior. By analyzing customer data from different channels, the algorithm can identify behavior and purchasing patterns which can be used to predict the exact need and want of customers. Thus, use of AI in e-commerce industry is driving the demand for Commerce Artificial Intelligence during the forecast period 2021-2026.

                                  Artificial Intelligence in Retail Market Challenges

                                  High Cost of AI Solutions

                                  Custom AI solutions cost between $6000 to $300,000. This price includes developments and rollout. Ongoing Ai services like consulting charge less however its usage in different industries such as e-commerce, logistics, retail are higher. Businesses that are limited to in-house skills or unfamiliar with Artificial Intelligence often must outsource where main challenge of the cost comes around. The cost of Artificial Intelligence depends on the type of plan used in different applications. Small and medium-size organization struggles when it comes to adopting AI technologies because of their higher cost. Artificial Intelligence adopters tend to think about these technologies more expansively in order to grow and increase their market share, while companies with less experience focus mostly on reducing cost whereas high digitalized companies invest more in AI and derive greater value from its use. Thus, High cost is set to be a restraining factor for the growth of Retail Artificial Intelligence (AI) during the forecast period 2021-2026.

                                  Artificial Intelligence in Retail Market Landscape

                                  Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Ai in Retail market. Ai in Retail top 10 companies include Amazon Web Service, Microsoft Corporation., Google Inc. (Alphabet Inc.), IBM Corporation, SAP., and others.

                                  Acquisitions/Product Launches

                                  In September 2020, Google LLC recently introduced a raft of new products and capabilities within its cloud portfolio, including several new products and features in Contact Center AI and new versions of Document AI.

                                  In June 2020, Microsoft Corp. acquired Cyber X, Inc. a software company. This acquisition enable Microsoft to accelerate and secure customers’ IoT deployments.

                                  Key Takeaways

                                  By Implementation, Cloud hosting segment is the major segment generating revenue of $916.26m in 2020 and is forecast to generate $6,993m by 2026. This is mainly owing to its agility which helps in upscale and downscale depending upon

                                  By Technology, Machine Learning segment held the major share by generating a revenue of 698.83m in 2020 and is estimated to grow at a CAGR of 40.90% during the forecast period 2021-2026.

                                  Natural Language Processing (NLP) segment is estimated to grow at a fastest CAGR of 42.75% during the forecast period 2021-2026. NLP is gaining popularity owing to its ability of helping machines read, understand and derive meaning from human language.

                                  Related Reports:

                                  A. Artificial Intelligence Market in Small & Medium Business

                                  https://www.industryarc.com/Report/17911/artificial-intelligence-market-in-small-medium-business.html

                                  B. Artificial Intelligence Market In Fintech

                                  https://www.industryarc.com/Report/17915/artificial-intelligence-market-in-fintech.html

                                  For more Information and Communications Technology Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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