According to a market report by Lucintel, the future of the global commerce artificial intelligence market looks promising with opportunities in the customer relationship management, supply chain analysis, fake review analysis, merchandising, warehouse automation, product recommendation, customer service, and fleet management markets. The global commerce artificial intelligence market is expected to reach an estimated $6.4 billion by 2030 from $3.0 billion in 2023, at a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are growing preference for smart commercialism in industries and rising deployment of this technology in the expanding e-commerce industry.
A more than 150-page report to understand trends, opportunity and forecast in commerce artificial intelligence market to 2030 by platform (e-commerce and in store), technology (deep learning, machine learning, NLP, and others), application (customer relationship management, supply chain analysis, fake review analysis, merchandising, warehouse automation, product recommendation, customer service, fleet management, and others), end use industry (retail, electronics, logistics, food and beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that e-commerce is expected to witness higher growth over the forecast period due to widespread use of commerce AI in this platform to create useful business insights.
Warehouse automation is expected to witness highest growth over the forecast period due to growing use of robots in this setting to automate and speed up work.
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North America is expected to witness highest growth over the forecast period due to substantial government and private sector investment in the advancement of AI technology and presence of key players in the region.
Microsoft, SAP, Amazon, Alphabet, IBM are the major suppliers in the commerce artificial intelligence market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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