North America Artificial Intelligence (AI) In Retail Market To Hit USD 10 Bn By 2027

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North America Artificial Intelligence (AI) In
Retail Market Outlook - Industry Statistics
Analysis By 2027
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• North America Artificial Intelligence (AI) In
  Retail Market To Hit USD 10 Bn By 2027. North
  America AI in retail industry trends are anchored
  by a digital revolution that has taken over the
  retail market with a boom. It has boosted speed,
  efficiency, and accuracy across all branches of
  retail, owing in great part to advanced data and
  predictive analytics technologies that assist
  organizations in making data-driven business
  choices.
• Amazon Web Services, Amazon.com Inc, BloomReach
  Inc., IBM Corporation, Google LLC, Intel
  Corporation, Microsoft Corporation, Lexalytics
  Inc., Nvidia Corporation, RetailNext Inc., Oracle
  Corporation, Salesforce.com, Inc. and SAP SE. are
  among the leading companies using AI in retail
  supply chain across North America.
• Advanced AI technologies are enabling businesses
  to aggregate and evaluate individual consumer
  data in order to conduct tailored promotions.
  This is why retail businesses in the region are
  modernizing their e-commerce systems with
  cutting-edge technology. Below mentioned are the
  recent examples of companies who have embraced AI
  into their retail business

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• J.C. Penney used AI to overhaul its e-commerce
  platform in September 2021. The firm is utilizing
  artificial intelligence (AI) technologies to
  change its e-commerce platform and improve the
  online customer experience.
• Jesta I.S. Inc. extended its cutting-edge vision
  AI-based CRM platform, which provides omnichannel
  merchants with deep visual insight into consumer
  engagement, in June 2020. The visual analytics
  system delivers agile and actionable customer
  insights across all channels.
• NielsenIQ announced a new agreement with Loop
  Insights Inc. in April 2021 to change the retail
  sector of North America through automated
  marketing and increased consumer interaction
  using real-time business analytics.
• Machine learning technology assists businesses in
  improving the consumer experience and optimizing
  their supply chain strategy. By using MLs
  predictive analytics approach, the retailer is
  provided with insights to define which marketing
  campaigns and social media channels are effective
  in relation to the company's products and
  services.
• In order to unveil a greater ability in
  captivating new customers, as well as retaining
  them, retailers are creating a mix of machine
  learning with marketing efforts. It is expected
  that North America AI industry share from machine
  learning technology will grow with a 40 CAGR
  through 2027.

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Segments of North America Artificial
Intelligence (AI) in Retail Market

• North America Market, By Technology
• Machine Learning
• Natural Language Processing
• Computer Vision
• Others
• North America Market, By Application
• Automated Merchandising
• Programmatic Advertising
• Market Forecasting
• In-store AI Location Optimization
• Data Science
• Others

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