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Artificial intelligence

Artificial Intelligence in Retail Market to Reach USD 96.13 Billion by 2030

Strategic Insights

— 1 min read

The AI in retail market is projected to experience exponential growth, with a compound annual growth rate (CAGR) of 46.54% from 2025 to 2030. This growth is driven by the increasing adoption of AI technologies across retail operations, including customer engagement, personalized marketing, supply chain optimization, and inventory management. As retailers aim to deliver seamless omnichannel experiences, AI-powered tools such as computer vision, natural language processing, and machine learning are revolutionizing how brands interact with consumers and manage logistics.

Key Takeaways:

  • The AI in retail market is projected to reach USD 96.13 billion by 2030, growing from USD 14.24 billion in 2025.
  • The market is driven by the increasing adoption of AI technologies across retail operations, including customer engagement, personalized marketing, supply chain optimization, and inventory management.
  • Retailers are leveraging AI-powered tools such as computer vision, natural language processing, and machine learning to deliver seamless omnichannel experiences and improve operational efficiency.
  • The market is witnessing a strong shift toward intelligent automation, with retailers increasingly using AI-powered chatbots, recommendation systems, and demand forecasting models.
  • Rising investments in data analytics, cloud infrastructure, and edge computing are propelling innovation across retail segments, enabling smarter decision-making and enhancing overall business agility.
  • The cost of running AI processes is decreasing due to advancements in chip technology and significant investments by leading cloud providers.
  • Companies like Amazon and Microsoft are offering ready-to-use AI tools that help retailers deploy solutions faster and more efficiently.
  • Collaborations between retailers and tech firms are overcoming talent shortages by adopting turnkey AI systems.

Statistics:

  • The AI in retail market is projected to grow at a CAGR of 46.54% from 2025 to 2030.
  • The market will reach a value of USD 96.13 billion by 2030, expanding from USD 14.24 billion in 2025.
  • The North American market is leading the growth, driven by major investments in automation, data analytics, and AI-based customer engagement platforms.
  • The European market is witnessing strong adoption due to retail digitalization initiatives and rising consumer preference for online experiences.
  • The Asia-Pacific market is expected to record the fastest growth, driven by expanding e-commerce ecosystems in China, India, and Japan.

Sources:

  • Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence.
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