Generative AI in Retail Market

Global Generative AI in Retail Market Size, Trends & Analysis - Forecasts to 2028 By Application Type (Supply Chain & Logistics and Sales & Marketing), By End User (Physical Stores, Online Stores, and Supermarkets and Hypermarkets), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on May 12 2024 with the latest and most recent market numbers

Global Generative AI in Retail Market Size

The global generative AI in retail market is expected to grow at a CAGR of 10.4% from 2023 to 2028. This innovative tool employs algorithms to create new and unique content, ranging from product designs and visuals to personalized marketing campaigns.  In retail, generative AI empowers brands to craft customized experiences, design exclusive products, and predict consumer preferences more accurately. By harnessing the creative potential of AI, retailers can unleash a wave of innovation, offering customers a more personalized and captivating shopping journey.

Many market drivers positively affect the growth of the generative AI in retail market. The growing emphasis on personalized customer experiences has spurred retailers to leverage AI's creative capabilities to offer tailor-made products and services. Additionally, the need for efficient inventory management and demand forecasting has led to the utilization of generative AI algorithms to predict trends and optimize stock levels. Moreover, the competitive edge gained through AI-driven insights into consumer behaviour and preferences has incentivized retailers to invest in these technologies, seeking to stay ahead in a rapidly evolving market. Overall, the drive for enhanced personalization, operational efficiency, and predictive analytics fuels the expansion of generative AI in the global retail landscape.

The market for generative AI in retail faces notable restraints due to compatibility issues, creating a significant hurdle for widespread adoption. One considerable restraint hindering the widespread adoption of generative AI in retail is the challenge of data privacy and security concerns. The reliance on vast amounts of consumer data to train AI algorithms raises apprehensions regarding data breaches, unauthorized access, and misuse of sensitive information. Stricter regulations and compliance requirements, such as GDPR and other data protection laws, limit how retailers can collect, store, and utilize customer data for AI applications. Addressing these privacy concerns requires substantial investments in secure data handling mechanisms and transparency in data usage, which can pose financial and operational challenges for retailers aiming to leverage generative AI effectively while ensuring customer trust and compliance with regulatory frameworks.

global generative ai in retail market

Global Generative AI in Retail Market: By Application Type

Based on application type, the market is segmented into supply chain & logistics and sales & marketing. The supply chain & logistics segment is expected to be the largest segment during the forecast period. Generative AI optimizes supply chain processes by forecasting demand, streamlining inventory management, and enhancing route planning for logistics. Its ability to analyze vast datasets enables retailers to make data-driven decisions, reducing inefficiencies, minimizing stockouts, and improving delivery times. As this segment directly influences cost reduction and operational agility, retailers prioritize the implementation of generative AI to revolutionize their supply chain and logistics management.

The sales & marketing segment is expected to be the fastest growing segment in the global generative AI in retail market during the forecast period. Generative AI fuels this sector by creating highly tailored marketing campaigns, enabling dynamic product recommendations, and crafting visually engaging content. Retailers leverage AI-generated insights to accurately predict consumer preferences, optimize marketing strategies, and deliver individualized promotions, enhancing customer engagement and increasing sales. This segment's rapid growth stems from AI's capacity to revolutionize how retailers interact with and cater to their audience, elevating the overall shopping journey.

Global Generative AI in Retail Market: By End User

Based on end user, the market is segmented into physical stores, online stores, and supermarkets and hypermarkets. The supermarkets and hypermarkets segment is expected to be the largest segment during the forecast period. As consumers increasingly rely on these devices daily, the convenience of wireless charging has become a sought-after feature. The sheer volume of smartphones and wearable tech sold annually surpasses other sectors, amplifying the demand for compatible generative AI in retail. This segment's prominence is further fueled by tech giants like Apple and Samsung, driving innovation and setting industry standards for wireless charging.

The online stores segment is expected to be the fastest-growing segment in the global generative AI in retail market over the forecast period. These retail giants leverage generative AI for diverse applications, including personalized recommendations, inventory optimization, and enhanced customer experiences. With their vast datasets derived from in-store and online interactions, supermarkets effectively employ AI algorithms to tailor promotions, optimize shelf layouts, and predict consumer preferences, resulting in improved operational efficiency and more engaging shopping journeys, solidifying their dominance in embracing generative AI technologies.

asia pacific generative ai in retail market

Global Generative AI in Retail Market: By Region

North America is analysed to be the region with the largest share in the global generative AI in retail market during the forecast period. The region's robust technological advancements and economically developed nations like the United States and Canada drive significant investments in AI, including generative AI, with an estimated 67% surge in investments expected in 2024 alone, reaching approximately USD 6 billion. Additionally, the presence of a large consumer base and the thriving e-commerce industry in North America incentivizes the adoption of advanced technologies like generative AI to enhance consumer satisfaction. The retail sector particularly benefits from AI-powered solutions such as virtual try-on systems and predictive product images, aligning with the growing emphasis on personalized experiences, ultimately propelling the market's growth in the region.

Asia Pacific is projected to be the fastest-growing region across the global generative AI in retail market over the forecast period. The region's soaring population and a significant surge in e-commerce activity fuel the demand for tailored and personalized retail experiences. Secondly, the escalating adoption of advanced technologies, particularly AI, is driven by the region's tech giants and businesses' willingness to invest in cutting-edge solutions to address market challenges. Despite challenges, APAC CEOs aggressively invest in AI to gain a competitive edge, focusing on talent acquisition and strategic partnerships to navigate the evolving AI landscape. This proactive approach positions the APAC segment as the frontrunner in embracing generative AI's transformative potential within the retail sphere.

Global Generative AI in Retail Market Share and Competitor Analysis

Key players operating in the global generative AI in retail market include IBM Corp., Microsoft Corp., Intel Corp., Oracle Corp., Google LLC, AWS Inc., S.A.E., Adobe, Infective AI, and Anthropic, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Generative AI in Retail Market: Recent Developments

In June 2023, CommerceIQ launched CommerceIQ Insights, an AI-powered content optimization extension for Amazon brands. This tool provides insights and improvement suggestions directly on product display pages, allowing brands to optimize their content and understand customer sentiment. It is available free of charge for Google Chrome in the Google Play store.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1   Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2   Global Market Estimates' View

1.3   Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4   Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market OpportunIties: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL GENERATIVE AI IN RETAIL MARKET, BY APPLICATION TYPE

4.1   Introduction

4.2   Global Generative AI in Retail Market: Application Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Supply Chain and Logistics

4.4.1           Supply Chain and Logistics  Market Estimates and Forecast, 2020-2028 (USD Billion)

4.5   Sales and Marketing

4.5.1           Sales and Marketing Market Estimates and Forecast, 2020-2028 (USD Billion)

5          GLOBAL GENERATIVE AI IN RETAIL MARKET, BY END USER

5.1   Introduction

5.2   Global Generative AI in Retail Market: End User Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Physical Stores  

5.4.1           Physical Stores Market Estimates And Forecast, 2020-2028 (USD Billion)

5.5   Online Stores  

5.5.1           Online Stores  Market Estimates And Forecast, 2020-2028 (USD Billion)

5.6   Supermarkets and Hypermarkets  

5.6.1           Supermarkets and Hypermarkets Market Estimates And Forecast, 2020-2028 (USD Billion)

6          GLOBAL GENERATIVE AI IN RETAIL MARKET, BY REGION

6.1   Introduction

6.2   North America Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.1        By Application Type

6.2.2        By End User

6.2.3        By Country

6.2.3.1     U.S. Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.1.1        By Application Type

6.2.3.1.2        By End User

6.2.3.2     Canada Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.2.1        By Application Type

6.2.3.2.2        By End User

6.2.3.3     Mexico Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.2.3.3.1        By Application Type

6.2.3.3.2        By End User

6.3   Europe Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.1        By Application Type

6.3.2        By End User

6.3.3        By Country

6.3.3.1     Germany Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.1.1        By Application Type

6.3.3.1.2        By End User

6.3.3.2     U.K. Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.2.1        By Application Type

6.3.3.2.2        By End User

6.3.3.3     France Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.3.1        By Application Type

6.3.3.3.2        By End User

6.3.3.4     Italy Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.4.1        By Application Type

6.3.3.4.2        By End User

6.3.3.5     Spain Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.5.1        By Application Type

6.3.3.5.2        By End User

6.3.3.6     Netherlands Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.6.1        By Application Type

6.3.3.6.2        By End User

6.3.3.7     Rest of Europe Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.3.3.6.1        By Application Type

6.3.3.6.2        By End User

6.4   Asia Pacific Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.1        By Application Type

6.4.2        By End User

6.4.3        By Country

6.4.3.1     China Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.1.1        By Application Type

6.4.3.1.2        By End User

6.4.3.2     Japan Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.2.1        By Application Type

6.4.3.2.2        By End User

6.4.3.3     India Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.3.1        By Application Type

6.4.3.3.2        By End User

6.4.3.4     South Korea Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.4.1        By Application Type

6.4.3.4.2        By End User

6.4.3.5     Singapore Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.5.1        By Application Type

6.4.3.5.2        By End User

6.4.3.6     Malaysia Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.6.1        By Application Type

6.4.3.6.2        By End User

6.4.3.7     Thailand Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.6.1        By Application Type

6.4.3.6.2        By End User

6.4.3.8     Indonesia Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.7.1        By Application Type

6.4.3.7.2        By End User

6.4.3.9     Vietnam Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.8.1        By Application Type

6.4.3.8.2        By End User

6.4.3.10  Taiwan Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.10.1 By Application Type

6.4.3.10.2 By End User

6.4.3.11  Rest of Asia Pacific Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.4.3.11.1 By Application Type

6.4.3.11.2 By End User

6.5   Middle East and Africa Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.1        By Application Type

6.5.2        By End User

6.5.3        By Country

6.5.3.1     Saudi Arabia Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.1.1        By Application Type

6.5.3.1.2        By End User

6.5.3.2     U.A.E. Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.2.1        By Application Type

6.5.3.2.2        By End User

6.5.3.3     Israel Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.3.1        By Application Type

6.5.3.3.2        By End User

6.5.3.4     South Africa Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.4.1        By Application Type

6.5.3.4.2        By End User

6.5.3.5     Rest of Middle East and Africa Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.5.3.5.1        By Application Type

6.5.3.5.2        By End User

6.6   Central and South America Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.1        By Application Type

6.6.2        By End User

6.6.3        By Country

6.6.3.1     Brazil Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.1.1        By Application Type

6.6.3.1.2        By End User

6.6.3.2     Argentina Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.2.1        By Application Type

6.6.3.2.2        By End User

6.6.3.3     Chile Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.3.1        By Application Type

6.6.3.3.2        By End User

6.6.3.3     Rest of Central and South America Generative AI in Retail Market Estimates and Forecast, 2020-2028 (USD Billion)

6.6.3.3.1        By Application Type

6.6.3.3.2        By End User

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        IBM Corp.  

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        S.A.E

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Adobe

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Microsoft Corp.

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Google LLC

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Intel Corp.

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Oracle Corp.  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        AWS Inc.

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Anthropic

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Infective AI

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2           Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2           Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1           Inhouse AI Based Real Time Analytics Tool

8.5.2           Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

2 Supply Chain and Logistics  Market, By Region, 2020-2028 (USD Billion) 

3 Sales and Marketing Market, By Region, 2020-2028 (USD Billion)

4 Global Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

5 Physical Stores  Market, By Region, 2020-2028 (USD Billion)          

6 Online Stores Market, By Region, 2020-2028 (USD Billion)

7 Supermarkets and Hypermarkets Market, By Region, 2020-2028 (USD Billion)

8 Regional Analysis, 2020-2028 (USD Billion)               

9 North America Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

10 North America Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

11 North America Generative AI in Retail Market, By Country, 2020-2028 (USD Billion)

12 U.S. Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

13 U.S. Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

14 Canada Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

15 Canada Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

16 Mexico Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

17 Mexico Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

18 Europe Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

19 Europe Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

20 Europe Generative AI in Retail Market, By Country, 2020-2028 (USD Billion)

21 Germany Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

22 Germany Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

23 U.K. Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

24 U.K. Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

25 France Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

26 France Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

27 Italy Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

28 Italy Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)              

29 Spain Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

30 Spain Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

31 Netherlands Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)           

32 Netherlands Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

33 Rest Of Europe Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

34 Rest Of Europe Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

35 Asia Pacific Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

36 Asia Pacific Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

37 Asia pacific Generative AI in Retail Market, By Country, 2020-2028 (USD Billion)

38 China Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

39 China Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

40 Japan Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

41 Japan Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

42 India Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

43 India Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

44 South Korea Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)            

45 South Korea Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

46 Singapore Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

47 Singapore Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

48 Thailand Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

49 Thailand Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

50 Malaysia Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

51 Malaysia Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

52 Indonesia Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

53 Indonesia Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

54 Vietnam Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

55 Vietnam Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

56 Taiwan Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

57 Taiwan Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

58 Australia Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

59 Australia Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

60 Singapore Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

61 Singapore Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

62 Rest of APAC Global Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

63 Rest of APAC Global Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

64 Middle East and Africa Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)       

65 Middle East and Africa Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

66 Middle East and Africa Generative AI in Retail Market, By Country, 2020-2028 (USD Billion)       

67 Saudi Arabia Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)           

68 Saudi Arabia Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

69 UAE Global Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

70 UAE Global Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

71 Israel Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

72 Israel Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

73 South Africa Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)           

74 South Africa Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

75 Rest Of Middle East and Africa Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)     

76 Rest Of Middle East and Africa Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)       

77 Central and South America Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)     

78 Central and South America Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

79 Central and South America Generative AI in Retail Market, By Country, 2020-2028 (USD Billion)       

80 Brazil Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

81 Brazil Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

82 Chile Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

83 Chile Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

84 Argentina Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)

85 Argentina Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)

86 Rest Of Central and South America Generative AI in Retail Market, By Application Type, 2020-2028 (USD Billion)          

87 Rest Of Central and South America Generative AI in Retail Market, By End User, 2020-2028 (USD Billion)     

88 IBM Corp.: Products & Services Offering    

89 S.A.E: Products & Services Offering

90 Adobe: Products & Services Offering            

91 MICROSOFT CORP.: Products & Services Offering     

92 Google LLC: Products & Services Offering 

93 INTEL CORP.: Products & Services Offering 

94 Oracle Corp.: Products & Services Offering             

95 AWS Inc.: Products & Services Offering       

96 Anthropic: Products & Services Offering   

97 Infective AI: Products & Services Offering 

98 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Generative AI in Retail Market Overview

2 Global Generative AI in Retail Market Value From 2020-2028 (USD Billion)

3 Global Generative AI in Retail Market Share, By Application Type (2022)

4 Global Generative AI in Retail Market Share, By End User (2022)

5 Global Generative AI in Retail Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Generative AI in Retail Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Generative AI in Retail Market

10 Impact Of Challenges On The Global Generative AI in Retail Market

11 Porter’s Five Forces Analysis

12 Global Generative AI in Retail Market: By Application Type Scope Key Takeaways

13 Global Generative AI in Retail Market, By Application Type Segment: Revenue Growth Analysis

14 Supply Chain and Logistics  Market, By Region, 2020-2028 (USD Billion)

15 Sales and Marketing Market, By Region, 2020-2028 (USD Billion)  

16 Global Generative AI in Retail Market: By End User Scope Key Takeaways

17 Global Generative AI in Retail Market, By End User Segment: Revenue Growth Analysis

18 Physical Stores  Market, By Region, 2020-2028 (USD Billion)

19 Online Stores  Market, By Region, 2020-2028 (USD Billion)

20 Supermarkets and Hypermarkets Market, By Region, 2020-2028 (USD Billion)

21 Regional Segment: Revenue Growth Analysis

22 Global Generative AI in Retail Market: Regional Analysis

23 North America Generative AI in Retail Market Overview

24 North America Generative AI in Retail Market, By Application Type

25 North America Generative AI in Retail Market, By End User

26 North America Generative AI in Retail Market, By Country

27 U.S. Generative AI in Retail Market, By Application Type

28 U.S. Generative AI in Retail Market, By End User

29 Canada Generative AI in Retail Market, By Application Type

30 Canada Generative AI in Retail Market, By End User

31 Mexico Generative AI in Retail Market, By Application Type

32 Mexico Generative AI in Retail Market, By End User

33 Four Quadrant Positioning Matrix

34 Company Market Share Analysis

35 IBM Corp.: Company Snapshot

36 IBM Corp.: SWOT Analysis

37 IBM Corp.: Geographic Presence

38 S.A.E: Company Snapshot

39 S.A.E: SWOT Analysis

40 S.A.E: Geographic Presence

41 Adobe: Company Snapshot

42 Adobe: SWOT Analysis

43 Adobe: Geographic Presence

44 Microsoft Corp.: Company Snapshot

45 Microsoft Corp.: SWOT Analysis

46 Microsoft Corp.: Geographic Presence

47 Google LLC: Company Snapshot

48 Google LLC: SWOT Analysis

49 Google LLC: Geographic Presence

50 Intel Corp.: Company Snapshot

51 Intel Corp.: SWOT Analysis

52 Intel Corp.: Geographic Presence

53 Oracle Corp.: Company Snapshot

54 Oracle Corp.: SWOT Analysis

55 Oracle Corp.: Geographic Presence

56 AWS Inc.: Company Snapshot

57 AWS Inc.: SWOT Analysis

58 AWS Inc.: Geographic Presence

59 Anthropic: Company Snapshot

60 Anthropic: SWOT Analysis

61 Anthropic: Geographic Presence

62 Infective AI: Company Snapshot

63 Infective AI: SWOT Analysis

64 Infective AI: Geographic Presence

65 Other Companies: Company Snapshot

66 Other Companies: SWOT Analysis

67 Other Companies: Geographic Presence

The Global Generative AI in Retail Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Generative AI in Retail Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Generative AI in Retail Market.

Generative AI in Retail Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Generative AI in Retail Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Generative AI in Retail Market Share

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Frequently Asked Questions

The global generative AI in retail market is expected to grow at a CAGR of 10.4% from 2023 to 2028.
Key players operating in the global generative AI in retail market include IBM Corp., Microsoft Corp., Intel Corp., Oracle Corp., Google LLC, AWS Inc., S.A.E., Adobe, Infective AI, and Anthropic, among others.
Key market players in generative AI for retail can invest in refining AI-driven customer personalization, developing robust design tools, advancing predictive analytics for inventory management, and creating seamless AI-integrated shopping experiences to foster market growth.
The global market for generative AI in retail is primarily driven by the demand for personalized customer experiences, enhanced product design capabilities, efficient inventory management, and the need to forecast consumer trends accurately.

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