The Europe AI In Retail Market would witness market growth of 24.1% CAGR during the forecast period (2022-2028).
Online product recommendations and demand forecasting using machine learning are two examples of cloud retail workloads. However, using AI within the store itself has benefits. Edge computing in retail serves as a catalyst of insight, gathering and converting enormous volumes of unstructured data into insightful knowledge that can be put to use.
Imagine automated shelf replenishment, audience-adaptive digital signage, and sensors that monitor consumer traffic to identify upselling and cross-selling opportunities. Brick-and-mortar stores are adopting computer vision, a particular subset of deep learning in artificial intelligence used in retail. Computer vision sees and decodes visual information, giving users sight in the right places.
New retail use cases in demand forecasting, customer experience, inventory management, and other areas are being made possible by this. Retailers strive to create convenient, individualized, and pleasurable shopping experiences, whether they are running a tiny boutique or a large, international superstore. Customers should be able to find what they are looking for promptly, get assistance when needed, and complete their purchases quickly.
The adoption of AI is very high in the regional retail sector. According to the Government of the United Kingdom, 432,000 organizations, or about 15% of all businesses, have incorporated at least one AI technology. 10% of firms, or 62,000 and 292,000 businesses, respectively, are expected to implement at least one AI technology in the future. Approximately 2% of businesses are presently testing AI. Enterprises are more likely to embrace AI as they expand.
The Germany market dominated the Europe AI In Retail Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,581 million by 2028. The UK market is anticipated to grow at a CAGR of 23% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 25% during (2022 - 2028).
Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Chatbots, Image & Video Analytics, and Swarm Intelligence. Based on Sales Channel, the market is segmented into Omnichannel, Brick & Mortar, and Pure-play Online Retailers. Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Customer Relationship Management (CRM), Supply Chain & Logistics, Inventory Management, Product Optimization, In-Store Navigation, Payment & Pricing Analytics, and Virtual Assistant. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global AI In Retail Market will Hit $24.1 Billion by 2028, at a CAGR of 24.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Salesforce.com, Inc., NVIDIA Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and ViSenze Pte Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Machine Learning
- Natural Language Processing
- Chatbots
- Image & Video Analytics
- Swarm Intelligence
By Sales Channel
- Omnichannel
- Brick & Mortar
- Pure-play Online Retailers
By Component
By Application
- Customer Relationship Management (CRM)
- Supply Chain & Logistics
- Inventory Management
- Product Optimization
- In-Store Navigation
- Payment & Pricing Analytics
- Virtual Assistant
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Salesforce.com, Inc.
- NVIDIA Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- ViSenze Pte Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AI In Retail Market, by Technology
1.4.2 Europe AI In Retail Market, by Sales Channel
1.4.3 Europe AI In Retail Market, by Component
1.4.4 Europe AI In Retail Market, by Application
1.4.5 Europe AI In Retail Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, May – 2022, Sep) Leading Players
Chapter 4. Europe AI In Retail Market by Technology
4.1 Europe Machine Learning Market by Country
4.2 Europe Natural Language Processing Market by Country
4.3 Europe Chatbots Market by Country
4.4 Europe Image & Video Analytics Market by Country
4.5 Europe Swarm Intelligence Market by Country
Chapter 5. Europe AI In Retail Market by Sales Channel
5.1 Europe Omnichannel Market by Country
5.2 Europe Brick & Mortar Market by Country
5.3 Europe Pure-play Online Retailers Market by Country
Chapter 6. Europe AI In Retail Market by Component
6.1 Europe Solution Market by Country
6.2 Europe Services Market by Country
Chapter 7. Europe AI In Retail Market by Application
7.1 Europe Customer Relationship Management (CRM) Market by Country
7.2 Europe Supply Chain & Logistics Market by Country
7.3 Europe Inventory Management Market by Country
7.4 Europe Product Optimization Market by Country
7.5 Europe In-Store Navigation Market by Country
7.6 Europe Payment & Pricing Analytics Market by Country
7.7 Europe Virtual Assistant Market by Country
Chapter 8. Europe AI In Retail Market by Country
8.1 Germany AI In Retail Market
8.1.1 Germany AI In Retail Market by Technology
8.1.2 Germany AI In Retail Market by Sales Channel
8.1.3 Germany AI In Retail Market by Component
8.1.4 Germany AI In Retail Market by Application
8.2 UK AI In Retail Market
8.2.1 UK AI In Retail Market by Technology
8.2.2 UK AI In Retail Market by Sales Channel
8.2.3 UK AI In Retail Market by Component
8.2.4 UK AI In Retail Market by Application
8.3 France AI In Retail Market
8.3.1 France AI In Retail Market by Technology
8.3.2 France AI In Retail Market by Sales Channel
8.3.3 France AI In Retail Market by Component
8.3.4 France AI In Retail Market by Application
8.4 Russia AI In Retail Market
8.4.1 Russia AI In Retail Market by Technology
8.4.2 Russia AI In Retail Market by Sales Channel
8.4.3 Russia AI In Retail Market by Component
8.4.4 Russia AI In Retail Market by Application
8.5 Spain AI In Retail Market
8.5.1 Spain AI In Retail Market by Technology
8.5.2 Spain AI In Retail Market by Sales Channel
8.5.3 Spain AI In Retail Market by Component
8.5.4 Spain AI In Retail Market by Application
8.6 Italy AI In Retail Market
8.6.1 Italy AI In Retail Market by Technology
8.6.2 Italy AI In Retail Market by Sales Channel
8.6.3 Italy AI In Retail Market by Component
8.6.4 Italy AI In Retail Market by Application
8.7 Rest of Europe AI In Retail Market
8.7.1 Rest of Europe AI In Retail Market by Technology
8.7.2 Rest of Europe AI In Retail Market by Sales Channel
8.7.3 Rest of Europe AI In Retail Market by Component
8.7.4 Rest of Europe AI In Retail Market by Application
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Salesforce.com, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 NVIDIA Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.5 SWOT Analysis
9.5 Google LLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 IBM Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional & Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Mergers & Acquisition:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Microsoft Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Mergers & Acquisition:
9.7.6 SWOT Analysis
9.8 Oracle Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations & Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 SAP SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.10. ViSenze Pte Ltd
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 Europe AI In Retail Market, 2018 - 2021, USD Million
TABLE 2 Europe AI In Retail Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI In Retail Market
TABLE 4 Product Launches And Product Expansions– AI In Retail Market
TABLE 5 Acquisition and Mergers– AI In Retail Market
TABLE 6 Europe AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 7 Europe AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 8 Europe Machine Learning Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Machine Learning Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Natural Language Processing Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Natural Language Processing Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Chatbots Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Chatbots Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Image & Video Analytics Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Image & Video Analytics Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Swarm Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Swarm Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 19 Europe AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 20 Europe Omnichannel Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Omnichannel Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Brick & Mortar Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Brick & Mortar Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Pure-play Online Retailers Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Pure-play Online Retailers Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 27 Europe AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 28 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 33 Europe AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 34 Europe Customer Relationship Management (CRM) Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Customer Relationship Management (CRM) Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Supply Chain & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Supply Chain & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Product Optimization Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Product Optimization Market by Country, 2022 - 2028, USD Million
TABLE 42 Europe In-Store Navigation Market by Country, 2018 - 2021, USD Million
TABLE 43 Europe In-Store Navigation Market by Country, 2022 - 2028, USD Million
TABLE 44 Europe Payment & Pricing Analytics Market by Country, 2018 - 2021, USD Million
TABLE 45 Europe Payment & Pricing Analytics Market by Country, 2022 - 2028, USD Million
TABLE 46 Europe Virtual Assistant Market by Country, 2018 - 2021, USD Million
TABLE 47 Europe Virtual Assistant Market by Country, 2022 - 2028, USD Million
TABLE 48 Europe AI In Retail Market by Country, 2018 - 2021, USD Million
TABLE 49 Europe AI In Retail Market by Country, 2022 - 2028, USD Million
TABLE 50 Germany AI In Retail Market, 2018 - 2021, USD Million
TABLE 51 Germany AI In Retail Market, 2022 - 2028, USD Million
TABLE 52 Germany AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 53 Germany AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 54 Germany AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 55 Germany AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 56 Germany AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 57 Germany AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 58 Germany AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 59 Germany AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 60 UK AI In Retail Market, 2018 - 2021, USD Million
TABLE 61 UK AI In Retail Market, 2022 - 2028, USD Million
TABLE 62 UK AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 63 UK AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 64 UK AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 65 UK AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 66 UK AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 67 UK AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 68 UK AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 69 UK AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 70 France AI In Retail Market, 2018 - 2021, USD Million
TABLE 71 France AI In Retail Market, 2022 - 2028, USD Million
TABLE 72 France AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 73 France AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 74 France AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 75 France AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 76 France AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 77 France AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 78 France AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 79 France AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 80 Russia AI In Retail Market, 2018 - 2021, USD Million
TABLE 81 Russia AI In Retail Market, 2022 - 2028, USD Million
TABLE 82 Russia AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 83 Russia AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 84 Russia AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 85 Russia AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 86 Russia AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 87 Russia AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 88 Russia AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 89 Russia AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 90 Spain AI In Retail Market, 2018 - 2021, USD Million
TABLE 91 Spain AI In Retail Market, 2022 - 2028, USD Million
TABLE 92 Spain AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 93 Spain AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 94 Spain AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 95 Spain AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 96 Spain AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 97 Spain AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 98 Spain AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 99 Spain AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 100 Italy AI In Retail Market, 2018 - 2021, USD Million
TABLE 101 Italy AI In Retail Market, 2022 - 2028, USD Million
TABLE 102 Italy AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 103 Italy AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 104 Italy AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 105 Italy AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 106 Italy AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 107 Italy AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 108 Italy AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 109 Italy AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 110 Rest of Europe AI In Retail Market, 2018 - 2021, USD Million
TABLE 111 Rest of Europe AI In Retail Market, 2022 - 2028, USD Million
TABLE 112 Rest of Europe AI In Retail Market by Technology, 2018 - 2021, USD Million
TABLE 113 Rest of Europe AI In Retail Market by Technology, 2022 - 2028, USD Million
TABLE 114 Rest of Europe AI In Retail Market by Sales Channel, 2018 - 2021, USD Million
TABLE 115 Rest of Europe AI In Retail Market by Sales Channel, 2022 - 2028, USD Million
TABLE 116 Rest of Europe AI In Retail Market by Component, 2018 - 2021, USD Million
TABLE 117 Rest of Europe AI In Retail Market by Component, 2022 - 2028, USD Million
TABLE 118 Rest of Europe AI In Retail Market by Application, 2018 - 2021, USD Million
TABLE 119 Rest of Europe AI In Retail Market by Application, 2022 - 2028, USD Million
TABLE 120 Key Information – Intel Corporation
TABLE 121 Key Information –Salesforce.com, Inc.
TABLE 122 Key Information – NVIDIA Corporation
TABLE 123 Key Information – Amazon Web Services, Inc.
TABLE 124 Key Information – Google LLC
TABLE 125 Key information – IBM Corporation
TABLE 126 key information – Microsoft Corporation
TABLE 127 Key Information – Oracle Corporation
TABLE 128 Key Information – SAP SE
TABLE 129 Key Information – ViSenze Pte Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, May – 2022, Sep) Leading Players
FIG 6 Recent strategies and developments: intel corporation
FIG 7 SWOT analysis: Intel corporation
FIG 8 Recent strategies and developments: Salesforce.com, Inc.
FIG 9 SWOT Analysis: Salesforce.com Inc.
FIG 10 Recent strategies and developments: NVIDIA Corporation
FIG 11 SWOT Analysis: NVIDIA Corporation
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: Google LLC
FIG 14 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 15 Recent strategies and developments: IBM Corporation
FIG 16 Swot analysis: IBM Corporation
FIG 17 Recent strategies and developments: Microsoft Corporation
FIG 18 SWOT Analysis: Microsoft Corporation
FIG 19 Recent strategies and developments: Oracle Corporation
FIG 20 SWOT analysis: Oracle Corporation
FIG 21 Recent strategies and developments: SAP SE
FIG 22 Recent strategies and developments: ViSenze Pte Ltd