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The AI in retail market is projected to reach $57.8 billion by 2030, at a CAGR of 41% from 2023 to 2030. Artificial intelligence in retail can gather and analyze massive amounts of data, helping companies create personalized shopping experiences for customers via recommendation engines, highly structured web shops, intelligent in-store bots, and chatbots. The growth of this market is driven by factors such as growing awareness about AI and big data & analytics and the need to enhance end-user experience and improve productivity. However, the lack of infrastructure and the impact of COVID-19 may hinder the growth of this market to a certain extent.