Connect with us

Technology

Artificial Intelligence in Retail Market worth $164.74 billion by 2030- Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Nov. 1, 2024 /PRNewswire/ — The Artificial Intelligence in Retail Market is expected to reach USD 164.74 billion by 2030 from USD 31.12 billion in 2024, at a CAGR of 32.0 % during 2024–2030, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Artificial Intelligence in Retail Market”

350 – Tables
  50 – Figures
300 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36255973

Scope of the Report

Report Metrics

Details

Market size available for years

2019-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD) Billion

Segments Covered

By Offering, Type, Business Function, End-user and Region

Region covered

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

Companies covered

The major players in the Ai in retail market are Microsoft (US), IBM (US), Google (US), Amazon (US), Oracle (US), Salesforce (US), NVIDIA (US), SAP (Germany), Servicenow (US), Accenture (Ireland), Infosys (India), Alibaba (China), Intel (US), AMD (US), Fujitsu (Japan), Capgemini (France), TCS (India), Talkdesk (US), Symphony AI (US), Bloomreach (US), C3.AI (US), Visenze (Singapore), Pathr.ai (US), Vue.AI (US), Nextail (Spain), Daisy Intelligence (Canada), Cresta (US), Mason (US), Syte(Israel), Trax(Singapore), Feedzai(US) and Shopic(Israel).

AI-powered chatbots and virtual assistants are reshaping customer service by providing quick and efficient responses to inquiries, enabling a 24/7 customer support system without the need for human intervention. These AI solutions handle a wide range of tasks, such as answering common customer questions, guiding users through purchase processes, resolving complaints, and providing personalized product recommendations. Their ability to manage multiple customer interactions reduces operational costs and significantly improves the customer experience by delivering fast and consistent service. As customer expectations evolve towards instant, seamless interactions across various platforms such as websites, mobile apps, and social media, AI chatbots play a critical role in maintaining such engagement. Moreover, advanced natural language processing (NLP) capabilities enable these AI-driven assistants to understand complex queries and provide accurate responses, further enhancing their effectiveness in improving customer satisfaction and loyalty, making them a key driver of AI adoption in retail.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=36255973

The Generative AI segment is projected to register the highest CAGR during the forecast period.

Gen Al has revolutionized retail operations by streamlining operations, improving decision-making, and personalizing customer experiences. Retailers are experimenting with Al in many areas of the retail value chain, from image-generation tools to intelligent shopping assistants. Various retailers are now beginning to understand Gen Al’s potential. With the involvement of Gen Al in advertising, Amazon has achieved higher click-through rates in the images generated through its AI image generation tool. Similarly, Lindex’s “Lindex Copilot” assists store employees with personalized advice and guidance, showing the possibilities of improving human abilities with the help of Gen Al.

Online end users are estimated to contribute the largest market share of artificial intelligence in the retail market.

Al is set to reinvent online retail by enhancing customer experience through custom-built, smart inventory and customer support services. Amazon, Alibaba, and Coupang employ Al-based algorithms that allow users to see products related to their past purchase history, preferences, and recent browsing. This recommendation system is likely to boost conversion since it provides customized recommendations to users. The consumer engagement presence in the form of chatbots and virtual assistants provides clients with round-the-clock access to assist them in answering queries, following up on orders, and providing information on products.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=36255973

Based on region, Middle East & Africa is projected to register the highest CAGR during the forecast period.

The retail sector in the Middle East is experiencing a notable shift fueled by rapid digital transformation, changing consumer behaviors, and a strong emphasis on omnichannel experiences. This evolution is supported by government initiatives and rising investments to integrate AI into retail operations. Leading nations, such as the UAE, Saudi Arabia, and South Africa, are at the forefront of implementing national AI strategies and enhancing their AI infrastructure. A recent report, the “Digital Experience Intelligence Report 2024,” highlights that 41% of companies in the region are reassessing their AI platforms, showcasing the increasing recognition of AI’s role in delivering personalized customer experiences. Introducing solutions such as eMACH.ai Retail 6DX by Intellect Digital Technology for Commerce signifies a push towards optimizing operations and creating tailored shopping experiences. In collaboration with Intel, Presight is advancing AI initiatives, further driving innovation in the region’s retail landscape.

Top Key Companies in Artificial Intelligence in Retail Market:

The report profiles key players such as Microsoft (US), IBM (US), Google (US), Amazon (US), Oracle (US), Salesforce (US), NVIDIA (US), SAP (Germany), Servicenow (US), Accenture (Ireland), Infosys (India), Alibaba (China), Intel (US), AMD (US), Fujitsu (Japan), Capgemini (France), TCS (India), Talkdesk (US), Symphony AI (US), Bloomreach (US), C3.AI (US), Visenze (Singapore), Pathr.ai (US), Vue.AI (US), Nextail (Spain), Daisy Intelligence (Canada), Cresta (US), Mason (US), Syte (Israel), Trax (Singapore), Feedzai (US) and Shopic (Israel).

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Reports:

AI in Finance Market – Global Forecast to 2030

AI Training Dataset Market – Global Forecast to 2029

AI Agents Market– Global Forecast to 2030

AI Studio Market– Global Forecast to 2029

AI Voice Generator Market– Global Forecast to 2029

Get access to the latest updates on Artificial Intelligence in Retail Companies and Artificial Intelligence in Retail Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

View original content:https://www.prnewswire.co.uk/news-releases/artificial-intelligence-in-retail-market-worth-164-74-billion-by-2030–exclusive-report-by-marketsandmarkets-302290188.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Unimoni Makes a Resounding Debut at the World Travel Market in London

Published

on

By

KOCHI, India, Nov. 22, 2024 /PRNewswire/ — Unimoni, a global leader in financial and travel services, proudly marked a significant milestone by debuting at the prestigious World Travel Market (WTM) in London. This landmark participation underscores Unimoni’s commitment to expanding its horizons and strengthening its international travel and financial ecosystem presence. CA. Krishnan R, Director & CEO, Unimoni India, and Mr John George, Vice President & Business Head of Unimoni Travel and Holidays, represented the company at this three-day event held at Excel London from 5th Nov – 7th Nov 2024. WTM London, renowned as one of the most influential travel expos in the world, provides a premier platform for businesses to showcase their innovative solutions to a global audience.

Unimoni’s first-ever participation in this international event, featuring thousands of exhibitors and tens of thousands of attendees, demonstrates its readiness to offer exceptional services and customer-centric solutions on a broader global stage. As part of the India Tourism contingent, Unimoni India showcased India’s diverse tourism offerings under the ‘Bharat Dekho’ campaign. This featured special packages for ecotourism, weddings, adventure, spirituality, wellness, MICE, and more, catering to a global audience.

Showcasing Excellence at WTM

At WTM London, Unimoni India showcased its comprehensive suite of services that cater to the diverse needs of international travelers. These include:

Travel and Holidays Services: We offer customized holiday packages, flight ticket bookings, hotel reservations, and travel insurance to make every trip, whether international or domestic, memorable and worry-free.Visa Assistance and Certificate Attestation: Expert support for visa processing and documentation, simplifying the complexities of international travel.Foreign Currency Exchange: Competitive rates and a hassle-free process to exchange currencies for a smooth travel experience.Forex Cards: Secure and convenient prepaid cards designed for travelers, ensuring easy access to funds anytime, anywhere.International Money Transfers: Seamless and secure outward remittance solutions tailored to support education, family maintenance, medical expenses, and travel and more.

Visitors to the Unimoni booth were introduced to its end-to-end solutions that blend cutting-edge technology with personalized customer service.

A Commitment to Customer-Centric Excellence

Unimoni has earned its reputation as a trusted financial partner through its unwavering commitment to customer satisfaction. By placing customer needs at the core of its operations, the brand has successfully created a wide-reaching network that spans over 300+ branches and 15,000+ partner locations across India.

This robust infrastructure, combined with an extensive global partner network, allows Unimoni to provide seamless cross-border solutions that are fast, secure, and reliable. At the WTM, this commitment to service excellence was reflected in the brand’s innovative offerings, drawing admiration from both industry experts and attendees alike.

Forging New Partnerships and Exploring Opportunities

Unimoni’s debut at the WTM was more than just an exhibition—it was a strategic initiative to forge partnerships, explore new opportunities, and expand its footprint in international markets. The event allowed Unimoni to connect with global travel experts, industry leaders, and potential collaborators.

A Legacy of Trust and Innovation

With over 25 years of experience, Unimoni has continually evolved to meet the changing demands of its customers. Its innovative use of technology, coupled with its customer-first approach, has made it a preferred choice for millions of individuals and businesses.

Unimoni’s focus on transparency, security, and efficiency has enabled it to deliver top-notch services, particularly in areas such as education-related remittances, medical payments, and travel expenses. Its offerings align perfectly with the needs of modern-day travelers who seek convenience, affordability, and reliability.

Expanding Global Reach Through International Platforms

Unimoni’s participation at the WTM marks a crucial step toward its ambition of expanding its global presence. By leveraging international platforms like WTM, the brand aims to bring its expertise to customers and businesses worldwide.

This move aligns with Unimoni’s vision of becoming a one-stop solution for financial and travel services on a global scale. With a strong foundation in India and growing recognition abroad, Unimoni is poised to redefine the standards of excellence in the industry.

Looking Ahead

As Unimoni India concludes its inaugural presence at the World Travel Market, the brand looks forward to fostering the connections and opportunities established during the event. With plans to further innovate its services and expand its global footprint, Unimoni is set to play a transformative role in the international travel and financial sectors.

Unimoni’s debut at WTM London is not just a celebration of its achievements but also a testament to its commitment to enabling seamless global connectivity for its customers. By integrating financial expertise with a deep understanding of traveler needs, Unimoni is set to continue its journey as a trusted partner for millions worldwide.

About Unimoni India

Unimoni India is a leading provider of financial and travel services, offering a wide range of solutions, including outward remittances, foreign exchange, travel and holiday services, gold loans, forex cards, and more. With over two decades of experience and a customer-centric approach, Unimoni is dedicated to delivering secure and reliable services that empower individuals and businesses alike.

Media Contact: 

Pratheep Thavara
pratheep.thavara@unimoniindia.com  

Photo: https://mma.prnewswire.com/media/2565179/Unimoni_WTM_London_2024.jpg
Logo: https://mma.prnewswire.com/media/2543135/5043397/Unimoni_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/unimoni-makes-a-resounding-debut-at-the-world-travel-market-in-london-302313974.html

Continue Reading

Technology

Real Relax Launches Black Friday Event with Exclusive Deals on Premium Massage Chairs

Published

on

By

RIVERSIDE, S.C., Nov. 22, 2024 /PRNewswire/ — Real Relax , a top online massage chair brand, is committed to offering consumers high-quality, comfortable massage products designed to relieve physical fatigue. With the holiday season approaching, Real Relax has launched its Black Friday event, providing a unique opportunity for consumers in the United States to experience the brand’s innovative products and truly relax. The event will continue through the end of November.

 

Since its inception, Real Relax has been dedicated to innovation, quickly expanding its presence to over 40 countries, including the United States, Canada, the United Kingdom, Australia, Japan, and various regions across Europe and Southeast Asia. The brand’s direct-to-consumer sales model allows customers to enjoy competitive pricing by eliminating the markups usually added by retailers and distributors. For example, while a massage chair with similar features might cost over $5,000 in a physical store, Real Relax offers it for just over $1,000.

This Black Friday, Real Relax is offering a range of massage chairs to American consumers, with items shipped directly from within the United States, making them the perfect holiday gift.

Take the PS5200 4D Massage Chair, for example. This product offers a 4D massage mechanism for a multidimensional experience. Its motor extends rollers 1.1-2.5 inches for a deep Shiatsu and Thai-style massage. With smart muscle fatigue monitoring, it adjusts across five intensity levels, targeting seven body areas, three roller widths, and six massage techniques for a personalized massage. The PS5200 includes 20 auto programs to meet the different needs of customers and a SL-Track system that follows body curves from neck to thighs. Such ergonomic 4D massage mechanism and SL track enhance massage coverage by 50% over standard chairs. Full-body airbags and precision rollers provide targeted relief. The zero-gravity feature simulates weightlessness for ultimate relaxation. Additional features include Bluetooth speakers, Touch Pad interface control, aroma therapy, Thai stretch, and waist/back heating. Originally priced at $7,999.99, the PS5200 is available for $2,999.99 during Black Friday, offering a 63% discount.

Another featured product is the Favor-06 3D Massage Chair. In addition to the SL-Track system, full-body airbag massage, zero gravity, and Thai stretch massage, its 3D massage mechanism fits the user’s body curves perfectly and delivers a comprehensive and intelligent massage, easing tension in the shoulders, spine, lumbar region, and gluteal muscles. With precise body scanning, the system identifies key areas of the neck and back, ensuring optimal pressure throughout the massage. Far-infrared technology enhances blood flow just beneath the skin, reducing muscle fatigue and poor circulation associated with prolonged sitting. It aids in treating lumbar disc herniation, waist and leg pain, and cervical spondylosis. Originally priced at $3,999.99, the Favor-06 is available for $1,699.99 during Black Friday, offering a 58% discount.

In addition to the opportunity to own a massage chair at more than 50% off, consumers can also purchase a select range of products for under $1,500 during Black Friday.

About Real Relax

Founded in 2015, Real Relax introduced the Favor series with FAVOR-01, and later expanded to the FAVOR and PLATINUM series, offering 2D, 3D, and 4D massage chairs. The brand is dedicated to offering products that provide true relaxation, turning massage items into household essentials for both physical and mental well-being. With over a decade of growth, the brand has secured numerous patents and ranks among the top five products by online customers. As a leading massage chair brand on Amazon and recommended by Walmart, Real Relax has sold over two million units globally. With the advantage of its owned factories, Real Relax enables customized requests and ongoing product enhancements based on customer feedback.

For more details, please visit:
Official website: https://realrelaxmall.com/
Facebook: https://www.facebook.com/realrelaxofficialservice
YouTube: https://www.youtube.com/@realrelaxmassage
Instagram: https://www.instagram.com/realrelaxoffical/

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/real-relax-launches-black-friday-event-with-exclusive-deals-on-premium-massage-chairs-302313973.html

SOURCE Real Relax

Continue Reading

Technology

Sungrow Partners with Zenith Energy to Power Australia’s Largest Off-Grid Hybrid Project for Mining Operations at Kathleen Valley

Published

on

By

SYDNEY, Nov. 22, 2024 /PRNewswire/ — Sungrow, a global leading PV inverter and energy storage system provider, is proud to announce its pivotal role in the Kathleen Valley Operation, Australia’s largest off-grid hybrid renewable energy system. Developed in collaboration with Zenith Energy and Liontown Resources, this landmark initiative sets a new precedent for integrating renewable energy solutions in the mining sector, driving sustainable practices, and reducing environmental impacts in one of Australia’s most significant industries.

Australia’s mining sector continues to play a vital role in the economy, contributing 10-11% to the nation’s GDP and generating a record $455 billion in export revenue in 2022-23, according to the Australian Bureau of Statistics. Kathleen Valley, located in a remote region of Western Australia, is far from an established power infrastructure but rich in abundant mining resources, utilizing off-grid energy solutions essential for reliable and continuous mining operations. The renewable off-grid solution will reduce reliance on costly and polluting diesel fuel, lower greenhouse gas emissions, and cut energy costs. As Australia moves toward sustainable practices, it also helps mining companies comply with stricter environmental regulations and enhance the overall sustainability of their operations.

This project features an advanced hybrid power system that integrates 17 MW / 20 MWh of battery storage, 17 MW of solar energy, and 30 MW of wind power. Additionally, the system includes 32 MW of thermal generation, comprising 27 MW of gas and 5 MW of diesel. The project applied Sungrow’s SG350HX string inverter, SC4000UD-MV power conversion system, and ST2236UX PowerTitan liquid cooling energy storage system to provide a highly efficient renewable energy solution, supporting sustainability and energy optimization for mining operations. These advanced systems have powered the entire site on 100% renewables continuously for three and a half days since being commissioned on 30 June this year. The system design will enable delivery of up to an 80% renewable energy fraction over the course of a year significantly reducing its carbon footprint and setting new benchmarks for environmentally responsible mining.

The country director of Sungrow Australia, Joe Zhou, said, “We are proud to collaborate with Zenith Energy and Liontown Resources on this transformative project. By integrating advanced renewable solutions, we are driving the mining industry’s energy transition and demonstrating the power of sustainable innovation in one of Australia’s key economic sectors.”

Sungrow, Zenith Energy, and Liontown Resources are leading the charge in transforming Australia’s mining industry by integrating renewable energy systems into mining operations. As Australia works towards achieving its net-zero goals by 2050, this project serves as a benchmark for integrating renewables into traditionally hard-to-decarbonize sectors like mining. Looking ahead, Sungrow is committed to delivering innovative and sustainable solutions across diverse industries.

About Zenith Energy

Zenith Energy is one of Australia’s foremost Independent Power Producers, with a contracted and in-development portfolio exceeding 710 MW. Dedicated to supporting clients on their journey to net-zero, Zenith combines thermal and renewable fuel sources with innovative technology to deliver cost-effective, reliable power solutions. Offering a full-service Build–Own–Operate model, Zenith Energy specializes in customized microgrids for remote off-grid sites and grid-connected precincts. This unique approach positions Zenith as a leader in integrating sustainable energy with innovative systems to meet the demands of Australia’s evolving energy landscape. For more information, please visit www.zenithenergy.com.au

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we are committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sungrow-partners-with-zenith-energy-to-power-australias-largest-off-grid-hybrid-project-for-mining-operations-at-kathleen-valley-302313981.html

SOURCE Sungrow

Continue Reading

Trending