AI in Retail Market Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities and Product Offerings/Mapping), Technology Assessment (Developments and Economic Impact), Ecosystem of partners and customers

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The global Artificial Intelligence in Retail Market was valued at USD 3.15 Billion in 2021 and it is estimated to reach over USD 21.4 Billion by 2030, growing at a CAGR of over 37.4% during the forecast period from 2022 to 2030.

Pune, May 11, 2022 (GLOBE NEWSWIRE) — Supplier evaluation

Supplier assessment involves a comprehensive analysis of how well suppliers are able to handle demand in Artificial intelligence AI in the retail market. The MDC MarketScape Supplier Assessment Model is designed to provide insight into supplier competitiveness. He helps companies develop customer-centric pricing strategies across a wide range of portfolios in a rapidly changing business environment. Businesses need dynamic pricing solutions for products and services to implement optimal pricing strategies throughout the product or service lifecycle. We educate industry players on the need to implement an effective pricing strategy, thereby ensuring lucrative results for their products and services while ensuring customer lifetime value for their products and services. Our vendor assessment model helps industry players improve end-to-end capability, customer response, and customer satisfaction.

“The global Artificial Intelligence in Retail Market was valued at $3.15 billion in 2021 and is estimated to grow to over $21.4 billion by 2030, at a CAGR of over 37 .4% over the forecast period from 2022 to 2030.”

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MDC Marketscape’s Vendor Evaluation Model research methodology uses a rigorous scoring method against qualitative and quantitative criteria in a single graphical representation of each vendor’s position in a given AI retail market. We use the BCG matrix as well as the GE Cell matrix along with perceptual mapping to help companies understand their position in AI artificial intelligence in the retail market. We’ve also included the VRIO framework so businesses can gain a competitive advantage over their business rivals. Apart from this, our market landscape model provides a clear framework within which the product and service offerings, strategies and capabilities, and potential aspects of market success of industry players can be compared and analyzed. in depth. We also provide suppliers with a 360 degree assessment of their strengths and weaknesses.

Technology Assessment

Our technology assessment model provides an overview, strategy, and roadmap for broad IT infrastructure and operations transformation. We help industry players align technology innovations with specific business goals. Our technology assessment strategy helps improve business value and drive performance for market players. From system replacement, to IT transformation, to executing proficient development processes, our technology experts bring comprehensive knowledge and solutions to the most difficult and daunting tasks businesses face when using new technologies.


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Business ecosystem analysis

Our business ecosystem analysis provides a solution for the fragmented demand and supply of business products or services. In addition, it addresses issues such as lack of coordination between different business units and lack of innovation. Apart from that, we try to remove the constraints that restrict the acceptance of sustainable business practices by companies. We provide businesses with tailored solutions while increasing their capabilities and giving them quick access to external capabilities that can incur huge costs and consume a lot of time when developed by businesses in-house. We offer modularity, multilateralism, customization and a value proposition to business players. MDC provides businesses with the best governance model in which they can perform key functions in their organization, outsource specific activities to vendors, and coordinate with other independent industry players to deliver a consistent offering.

Market dynamics

Drivers: Rising disposable income and technological breakthroughs will contribute immensely to the trends of artificial intelligence in the retail market. Additionally, the dynamics of supply and demand will also impact the growth of AI in the retail market. Favorable government policies and increasing consumer purchasing power will favorably influence the expansion of AI in the retail market.

Constraints: Lack of technical experts and fluctuating raw material costs will pose a threat to the growth of artificial intelligence in the retail market. Additionally, the outbreak of the COVID pandemic leading to lockdowns has curtailed supply chain activities, thereby dampening artificial intelligence AI in the retail market.

Opportunities: The strong focus of industry players on forming strategic alliances as well as launching new products and technologies will generate lucrative growth avenues for artificial intelligence in the retail market. The industry players are focusing on expanding their regional presence and establishing a strong position in the artificial intelligence market in the retail market. This will result in an increase in the size of AI in the retail market over the forecast period.

Challenges: Changes in government policies and escalating environmental concerns along with changes in government may create obstacles in the path of growth of artificial intelligence in the retail market.


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Competitive landscape

Our framework for evaluating artificial intelligence in the retail market focuses on five parameters, including consumer, product or service, time, competition and financials. We rigorously assess external factors such as consumer, time, and competition and provide companies with data on the opportunities available to them in this dynamically changing artificial intelligence market. The MDC examines internal factors such as the product or service and the financing required by the company to offer a product or service, thus providing companies with information to know the best opportunities available to them in the market. in the retail market. Our organization also provides a business model canvas that will help industry players align their business activities with potential trade-offs. Moreover, we make sure that the template will help companies to deliver a high value proposition to their customers.


Report scope

Report metric

Details

Historical years

2017-2020

Year of reference

2021

Forecast period

2022-2030

Forecast units

Value (millions USD or billions USD)

Regions included

North America, Asia-Pacific, Europe, Middle East and Africa and Latin America

Companies included

All major Tier 1, Tier 2, and Tier 3 companies are covered in this Artificial Intelligence in Retail Market report (25 Vendor Profiles)


Answers to key questions in this report:

  • What is the potential of artificial intelligence AI in the retail market?

  • What is the impact of COVID-19 on the Global Artificial Intelligence AI in Retail Market?

  • What are the key strategies adopted by companies in the Artificial Intelligence in Retail market?

  • What are the challenges faced by SMEs and major vendors in the Artificial Intelligence in Retail market?

  • Which region has the highest investments in artificial intelligence AI in the retail market?

  • What is the latest research and activity relating to Artificial Intelligence AI in Retail Market?

  • Who are the Key Players of Artificial Intelligence AI in Retail Market?

  • What is the potential of artificial intelligence AI in the retail market?

At MDC Research, we offer research solutions to help companies break through the barriers of doubt or uncertainty when considering expanding their growth. Our researchers compile data and information that helps CEOs decide which growth opportunities in a market to pursue.

MDC Research is known for producing well-researched reports, and the expertise of our researchers contributes to the exceptional quality of our reports. MDC Research enables companies to make impactful decisions by combining innovation and analytical thinking. Our unique blend of these two skills ensures you have access to the most comprehensive and up-to-date information about your industry.


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