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The Global Artificial Intelligence (AI) in Retail Market was valued at USD 7.3 Billion in 2023 and is projected to reach USD 51.5 Billion by 2030, growing at a CAGR of 32.2%. AI applications in the retail sector encompass a diverse range of functions, including personalized marketing, demand forecasting, inventory management, and customer service automation. Retailers are leveraging AI-driven insights to tailor their offerings to individual customer preferences, thereby creating a more personalized shopping experience. AI-powered recommendation engines are becoming increasingly sophisticated, enabling retailers to gain a competitive edge in the market.
