Stratview Research has published a new report titled “Artificial Intelligence in Retail Market” which is segmented By Deployment (Cloud, On-Premise), By Application (Supply Chain and Logistics, Product Optimization, In-Store Navigation, On-Premise Payment and Pricing Analytics, Inventory Management, Customer Relationship Management (CRM)), By Technology (Machine Learning, Natural Language Processing, Chatbots, Image, and Video Analytics, Swarm Intelligence) and Region Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).

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The market is bifurcated into various segments. Below given is the segment-wise analysis -

Application Trends

The AI in retail market has been classified into the supply chain and logistics, product optimization, in-store navigation, payment and pricing analytics, inventory management, and Customer Relationship Management (CRM). Under these, the product optimization segment held a significant market share in 2021.

Technology Trends

The AI in retail market has been classified into Machine Learning, Natural Language Processing, Chatbots, Image and Video Analytics, Swarm Intelligence. Under these, Natural language processing segment is expected to grow at a rapid pace whereas, Machine Learning segment is likely to dominate the market during the forecast period.

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