The Artificial Intelligence in Retail Market is witnessing a substantial share consolidation among leading global players. MRFR’s analysis notes that the market is poised to grow from USD 9.973 billion in 2025 to USD 76.96 billion by 2035 at a CAGR of 22.67%.

Major companies are investing in AI-powered retail solutions to capture a larger share of the growing market. Key players include IBM, Microsoft, SAP, Oracle, and Amazon Web Services, which provide AI solutions such as chatbots, recommendation engines, predictive analytics, and supply chain optimization tools. The competitive landscape is characterized by product innovation, mergers and acquisitions, and strategic partnerships, which allow companies to strengthen their market presence and expand into new regions.

The market share distribution is also influenced by industry verticals, with e-commerce, supermarkets, and hypermarkets adopting AI technologies at a faster pace than traditional retail outlets. Retailers are leveraging AI to predict consumer demand, optimize inventory, improve operational efficiency, and enhance personalized customer engagement. AI technologies are helping retailers gain insights into market trends, customer preferences, and competitor strategies, enabling a more competitive approach in the retail ecosystem.

In addition, government initiatives promoting digitalization and AI adoption across industries are further bolstering market growth. For instance, investments in smart retail solutions and AI-powered analytics are increasing, particularly in developed countries, contributing to the market’s share expansion.

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