Add to Favourites
To login click here
The majority of retailers have incorporated AI and machine learning into their IT/business strategy, with 71% of retail respondents saying that AI and ML currently leads their strategy. According to a research report by Market Research Future (MRFR), the AI retail market is expected to be $34.52 billion by the end of 2030, a compound annual growth rate (CAGR) of over 26.30%. AI technology has tremendous potential to transform retail sectors with integrated digital technologies, and is being used for predictive business performance, data analysis, innovation, speed and efficiency, and risk reduction. Smart retail, which combines traditional shopping with modern technology, is expected to be worth $211 billion by the end of this decade.