Leveraging A.I. for Retail Business Expected to Drive the Market Size to $38 Billion by 2029
A recent report from Mordor Intelligence said that: “AI in retail is undergoing significant transformations with the integration of Retail AI.
- A recent report from Mordor Intelligence said that: “AI in retail is undergoing significant transformations with the integration of Retail AI.
- Companies are leveraging Artificial Intelligence in Retail to enhance strategies, improve outcomes, and boost online customer engagement.
- The use of AI Retail Technology is expected to surge, with investments in AI-Powered Retail analytics increasing.” It projected that the AI in Retail Business Market size is estimated at USD 9.65 billion in 2024, and is expected to reach USD 38.92 billion by 2029, growing at a CAGR of 32.17% during the forecast period (2024-2029).
- The report added: “The sector is changing due to the introduction of artificial intelligence in retail.