The global AI in retail market is estimated to generate $1,714.3 million revenue in 2021, and it is expected to witness a CAGR of 40.5% during 2021–2030. The growing online retail sales, escalating focus of retailers on enhancing customers’ shopping experience, increasing dependence on digital marketing, and surging investments in AI, complemented by supportive government policies, are the key factors contributing to the growth of the industry globally.

The global AI in retail market is estimated to generate $1,714.3 million revenue in 2021, and it is expected to witness a CAGR of 40.5% during 2021–2030. The growing online retail sales, escalating focus of retailers on enhancing customers’ shopping experience, increasing dependence on digital marketing, and surging investments in AI, complemented by supportive government policies, are the key factors contributing to the growth of the industry globally.