PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567249
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567249
The global artificial intelligence in e commerce market is estimated to be valued at USD 6.12 Billion in 2024 and is expected to reach USD 29.71 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 25.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 6.12 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 25.30% | 2031 Value Projection: | US$ 29.71 Bn |
Artificial Intelligence (AI) is revolutionizing almost every industry by making processes more efficient through machine learning and predictive analysis. In the rapidly growing e-commerce industry, AI is enabling personalized shopping experiences for customers through recommendation engines, product search, predictive analytics, customer service chatbots, and more. AI algorithms can analyze massive online shopping datasets to understand individual customer preferences and buying patterns. This data driven personalized approach is helping e-commerce companies increase sales and build stronger customer loyalty in the highly competitive online retail space. AI is poised to transform the trillion-dollar global e-commerce industry by improving operations, logistics, supply chain management and delivering enhanced digital shopping experiences.
The global artificial intelligence in e commerce market is driven by the ability of AI to analyze huge volumes of customer shopping data and transactions to offer personalized product recommendations and digital experiences. AI improves customer retention by understanding buying habits and preferences. Ease of integrating AI solutions is also boosting the market. However, lack of qualified AI skills and high costs of deployment are restraining the market growth. The opportunity lies in adoption of AI across emerging markets and integration of computer vision and natural language processing for advanced customer support.
This report provides in-depth analysis of the global artificial intelligence in e-commerce market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global artificial intelligence in e-commerce market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Amazon.com, Inc., AntVoice SAS, Appier Inc., Celect, Inc., Cortexica Vision Systems Ltd., Crobox B.V., Deepomatic SAS, Dynamic Yield Ltd., Eversight, Inc., Granify Inc., LivePerson, Inc., Manthan Software Services Pvt. Ltd., PayPal, Inc., Reflektion, Inc., and Riskified
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global artificial intelligence in e-commerce market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in e-commerce market.
Detailed Segmentation-