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Commerce artificial intelligence market is expected to reach USD 1,977.77 million by 2027 witnessing market growth at a rate of 7.87% in the forecast period of 2020 to 2027. Data Bridge Market Research report on commerce artificial intelligence market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The market is growing owing to the comprehensive expenses in AI-based solutions, and the increasing machineability for judgment creating from trillion bytes of online data. Commerce AI business is developing at a firm movement and is estimated to be propelled by online retailers in e-commerce purchasing, style stores, and repository mechanization. The impeccable keen sightedness of AI in enterprises will transform the purchasing practice, decision building will be responsive and most of the methods will be automated. Also, upcoming technologies like big data will moreover heighten the extent of the market.
Global Commerce Artificial Intelligence Market Scope and Market Size
- On the basis of platform, the commerce artificial intelligence market is segmented into ecommerce, and in-store.
- On the basis of application, the commerce artificial intelligence market is segmented into customer relationship management, internet of things (IoT), supply chain analysis, virtual personal assistants, fake review analysis, merchandising, warehouse automation, product recommendation, customer service, ecommerce marketing, product catalogue optimization, and fleet management.
- On the basis of technology, the commerce artificial intelligence market is segmented into deep learning, machine learning, natural language processing (NLP), and others.
- On the basis of implementation, the commerce artificial intelligence market is segmented into cloud-hosting, and on-premise.
- On the basis of end use, the commerce artificial intelligence market is segmented into retail, electronics, food & beverages, fashion, logistics, and BFSI.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Leading Key Players Operating in the Commerce Artificial Intelligence Market Includes:
The major players covered in the commerce artificial intelligence market report are Huawei Technologies Co., Ltd., SAMSUNG, Qualcomm Technologies, Inc., NVIDIA Corporation, Apple Inc., Microsoft, MediaTek Inc., AIBrain, ANKI., SoundHound Inc., and Alphabet Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Reasons to buy the report:
- Illustrative segmentation, analysis, and forecast of the market based on device type, technology, sales channel, and application, and region have been conducted to give an overall view of the Commerce Artificial Intelligence market.
- A value chain analysis has been performed to provide in-depth insights into the Commerce Artificial Intelligence market ecosystem.
- The report includes pricing analysis, patent analysis, ecosystem analysis as well as technology and case study analysis pertaining to the Commerce Artificial Intelligence.
- The key drivers, restraints, opportunities, and challenges pertaining to the Commerce Artificial Intelligence market have been detailed in this report.
- Detailed information regarding the COVID-19 impact and related updates on the Commerce Artificial Intelligence market has been provided in the report.
- The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues and market share.
Key Questions Answered
- What are major advances witnessed in Commerce Artificial Intelligence technology?
- What is the impact of the COVID-19 pandemic on the Commerce Artificial Intelligence market?
- Which players occupy the largest share in the Commerce Artificial Intelligence market?
- What are the key strategies in the Commerce Artificial Intelligence market vendor landscape?
- Which region is expected to hold the largest share in the Commerce Artificial Intelligence market?
- What are the current trends and drivers enabling the Commerce Artificial Intelligence market growth?
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