The Global AI in Retail and e-Commerce Market is expected to grow with a CAGR of 42.8%, during the forecast period 2019-2025 to reach revenue of $19.37 billion by 2025, the market growth is supported by various growth factors and major market determinants. The market research report is compiled by Report Ocean by conducting rigorous market study and include the analysis of the market based on segmenting the geography and market segmentation.
Various retail and e-commerce companies are investing in digital technologies such as IoT’ AI’ and big data to stay ahead of the competition. AI-based solutions are being adopted by retail and e-commerce companies to enhance the performance and to achieve higher profits & business growth. These solutions are also used for critical decision making around sales and merchandising planning’ pricing strategies’ and product promotions.
The market study was done on the basis of:
- Based on Type, the market is fragmented as
- Brick & Mortar
- Based on Solutions, the market is fragmented as
- Customer Insights and Relationship Management
- Personalized Product Recommendation
- Price Optimization
- Supply Chain Management and Demand Planning
- Intelligent Virtual Assistant
- Visual Search
- Based on Application, the market is fragmented as
- Sales and Merchandise Planning
- Reduced fraud and shrinkage
- Logistics and Delivery
- Trade Promotions Management
- Geographically, the Global AI in Retail and e-Commerce Market was sub-segmented into Asia-Pacific, Europe North America, and Rest of the World.
Report Ocean compiled the market research report titled ‘Global AI in Retail and e-Commerce Market’ by adopting various economic tools such as:
- Porter’s fiver force model
- PEST analysis
- Market Determinants
- Market Segmentation
- Company Profiling
- JDA Software
- Symphony RetailAI
- Infinite Analytics
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To conduct a market study in-depth, Report Ocean adopted various market research tools, and following a traditional research methodology is one of them, data and other qualitative parameters were analyzed by adopting primary and secondary research methodology, which were explained in detail, as follows:
In primary research process, information was collected on primary basis by:
- Face to Face Interview
- Group Discussion
- Other Methods
Basic information details were collected to collect quantitative and qualitative data, based on different market parameters, the data was organized and analyzed from both demand and supply side of the market.
For secondary research, various authentic web-sources and research papers/white papers were considered to identify and collect information and market trends. The data collected from secondary sources help to calculate the pricing models, business models of various companies along with current trends, market sizing, and company initiatives. Along with these open-available sources, company also collect information from various paid databases that are extensive in terms of information in both qualitative and quantitative manner.
Research by other methods:
Report Ocean follows other research methodologies along with traditional methods to compile the 360-degree research study that is majorly customer-focused and involve a major company contribution with research team. The client specific research provides the market sizing forecast and analyzed the market strategies that is focused on client-specific requirements to analyze the market trends, and forecasted market developments. Company’s estimation methodology leverages the data triangulation model that cover the major market dynamics and all supporting pillars. The detailed description of research process includes data mining is an extensive step of research methodology. It helps to obtain the information through reliable sources. The data mining stage includes both primary and secondary information sources.
For more information about this report visit https://www.reportocean.com/industry-verticals/details?report_id=IR369&pub_code=RO-022
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