Asia Pacific AI in retail market to record massive gains of around 45% to 2024: Global Market Insights, Inc.

  • “Global AI in retail market is set to witness momentous growth over the forthcoming years.
  • In 2016, AI technology recorded an overall investment of $30 billion, with a predominant majority, approximately 90%, going into research & development activities
  • AI in retail market size from the machine learning technology segment is anticipated to register a CAGR of 42% over 2018-2024.
  • The Natural Language Processing segment accounts for more than 40% of AI in retail market share.
  • North America accounted for more than 35% of the overall artificial intelligence (AI) in retail market in 2017.”

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