Artificial Intelligence in Retail Market Size, Share, and Growth by 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Artificial Intelligence in Retail Market covers analysis By Offering (Solution and Services), Function (Operation-Focused and Customer Facing), Type (Online and Offline), Application (Predictive Analysis, In-Store Visual Monitoring & Surveillance, Customer Relationship Management, Market Forecasting, Inventory Management, and Others)

Report Date : Nov 2025
Report Code : TIPTE100000703

Category : Technology, Media and Telecommunications
Status : Upcoming

Available Report Formats :
No. of Pages : 170

Also Available in :

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Page Updated: Aug 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Artificial Intelligence in Retail Market is expected to register a CAGR of 29.60% from 2025 to 2031, with a market size expanding from US$ 11.07 Billion in 2024 to US$ 67.97 Billion by 2031.

The report is categorized by Offering (Solution and Services) and further analyzes the market based on Function (Operation-Focused and Customer Facing). It also examines the market by Type (Online and Offline) and Industry Application (Predictive Analysis, In-Store Visual Monitoring & Surveillance, Customer Relationship Management, Market Forecasting, Inventory Management). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Artificial Intelligence in Retail Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Artificial Intelligence in Retail Market Segmentation

Offering

Solution and Services

Function

Operation-Focused and Customer Facing

Type

Online and Offline

Application

Predictive Analysis
In-Store Visual Monitoring & Surveillance
Customer Relationship Management
Market Forecasting
Inventory Management

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Artificial Intelligence in Retail Market: Strategic Insights

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Artificial Intelligence in Retail Market Growth Drivers

Unlocking AI: Transforming Retail Experiences for Shoppers
Empowering Retailers with Smart AI Solutions
Revolutionizing Inventory Management through AI Insights

Artificial Intelligence in Retail Market Future Trends

Unlocking AI: Transforming Retail Experiences for Shoppers
AI-Powered Insights: Boosting Sales and Customer Loyalty
Revolutionizing Inventory Management with Smart AI Solutions

Artificial Intelligence in Retail Market Opportunities

AI-Powered Personalization: Revolutionizing Retail Experiences
Sustainable Shopping: How AI is Shaping Eco-Friendly Choices
Smart Inventory Management: AI's Role in Reducing Waste and Costs

Artificial Intelligence in Retail Market Regional Insights

The regional trends and factors influencing the Artificial Intelligence in Retail Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Artificial Intelligence in Retail Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Artificial Intelligence in Retail Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 11.07 Billion
Market Size by 2031	US$ 67.97 Billion
Global CAGR (2025 - 2031)	29.60%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Offering Solution and Services By Function Operation-Focused and Customer Facing By Type Online and Offline By Application Predictive Analysis In-Store Visual Monitoring & Surveillance Customer Relationship Management Market Forecasting Inventory Management
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Sentient Technologies Holdings Limited Manthan Software Services Pvt. Ltd Focal Systems Inc Microsoft Corporation ViSenze Tata Consultancy Services Limited Salesforce.com, Inc Plexure Ltd. Google,Inc

Artificial Intelligence in Retail Market Players Density: Understanding Its Impact on Business Dynamics

The Artificial Intelligence in Retail Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

artificial-intelligence-in-retail-market-cagr

Get the Artificial Intelligence in Retail Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Artificial Intelligence in Retail Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Artificial Intelligence in Retail Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Artificial Intelligence in Retail Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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