Artificial Intelligence In Retail Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
• Global Retail Artificial Intelligence 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. Download PDF Brochure Contact: (+1) 970-2363677 Inquiry Before Buying Email: sales@industryarc.com
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Takeaways
Key
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
fastest
gaining
owing
its
helping
understand
meaning
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•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
CAGR of 42.75% during the forecast period 2021-2026. NLP is
popularity
to
ability of
machines read,
and derive
from human language.
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