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Artificial Intelligence (AI) in Retail and Apparel – Thematic Research

Pages: 42 Published: April 30, 2021 Report Code: GDRT-TR-S029

As e-commerce sales have increased following the COVID-19 outbreak, retailers face increasing pressure to bring customers back to their brick-and-mortar stores. More than ever, customers now favor experiences over products. Retailers have been implementing artificial intelligence (AI) to enhance customer experiences and improve operational efficiency. One of the most adopted use cases of AI technology across apparel and beauty in-store is magic mirrors, which have been deployed by several retailers, including Charlotte Tilbury, Bourjois, and Uniqlo.

The AI in retail & apparel thematic research report offers briefings on AI’s seven most important technologies: machine learning, data science, conversational platforms, computer vision, AI chips, smart robots, and context-aware computing. Furthermore, the report highlights the impact of AI in the retail industry and discusses retail challenges, case studies, AI timelines, and value chains.

AI in Retail & Apparel – Industry Analysis

The AI platform revenue in the retail industry was worth $1.4 billion in 2019 and is expected to achieve a CAGR of more than 20% during 2019-2024. The total spending on AI technology is certainly higher, but it is difficult to estimate. This is because AI is an intrinsic part of many applications and functions, making it almost impossible to identify revenue explicitly generated by AI. Furthermore, the range of sub-sets and technologies that make up AI can be challenging to locate and track.

The AI in the retail & apparel industry analysis also covers:

  • Mergers and acquisitions
  • AI Timeline

AI Platform Revenue in the Retail Industry, 2019-2024

AI Platform Revenue in the Retail Industry, 2019-2024

To gain more information about AI platform revenue in the retail industry, download a free report sample

AI in Retail & Apparel - Value Chain Analysis

GlobalData’s AI value chain consists of four segments: data inputs, big data management, AI technology, and AI use cases. It provides an overview of seven main AI technologies such as machine learning (ML), data science, conversational platforms, computer vision, AI chips, smart robots, and context-aware computing.

Data Science: The need for data science is present across industries as businesses are moving towards digitalization and automation. Interpreting and simplifying data to garner insights that will lead to competitive advantages drives the data science market.

AI Value Chain Analysis

AI Value Chain AnalysisFor more insights on the AI value chains, download a free report sample

Leading AI Adopters in the Retail Industry

Some of the leading retail companies that are currently deploying AI are Asda, Chanel, Dulux, IKEA, John Lewis & Partners, Kroger, and L’Oreal.

To know more about the leading retail companies associated with the AI theme, download a free report sample

Leading AI Vendors

Some of the leading vendors associated with the AI theme are Alibaba, Alphabet, Amazon, Apple, Baidu, Cambricon, and Facebook.

To know more about the leading vendors associated with the AI theme, download a free report sample

Specialist AI Vendors in the Retail Industry

Some of the specialist AI vendors in the retail industry are Artificial Solutions, Blue Yonder, CloudMinds, Deep Instinct, Delvify, EDITED, and Infinite Analytics.

To know more about the specialist AI vendors in the retail industry, download a free report sample

Retail Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a thematic screen, a valuation screen, and a risk screen. The retail sector scorecard has two screens:

  • The thematic screen tells us who are the overall leaders in the 10 themes that matter most, based on our thematic engine.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.

Retail Sector Scorecard – Thematic Screen

Retail Sector Scorecard – Thematic Screen

To know more about the sector scorecards, download a free report sample

AI in Retail & Apparel Market Overview

Report Pages

42
Regions Covered Global
Market Size (2019) $1.4 billion
CAGR (2019-2024) >20%
Value Chains Data Inputs, Big Data Management, AI Technology, and AI Use Cases
Leading AI Adopters Asda, Chanel, Dulux, IKEA, John Lewis & Partners, Kroger, and L’Oreal
Leading AI Vendors Alibaba, Alphabet, Amazon, Apple, Baidu, Cambricon, and Facebook
Specialist AI Vendors Artificial Solutions, Blue Yonder, CloudMinds, Deep Instinct, Delvify, EDITED, and Infinite Analytics

Scope

  • GlobalData provides insight into the theme of AI within the retail and apparel sector.
  • The report provides an overview of AI, how AI is shaping the retail and apparel landscape, the benefits of incorporating such technologies, and the challenges that retailers face in doing so.
  • The report also outlines the retail and apparel players that have successfully integrated AI-related technologies into their business operations providing case studies, while also revealing the operators that are lagging within this theme.
  • GlobalData takes a deep dive clearly outlining the AI value chain and discussing the important components that drive AI including machine learning, data science, conversational platforms, computer vision, AI chips, smart robots, and context-aware computing. The document provides market size and growth forecasts for the Global AI platform and mentions key mergers and acquisitions relating to the AI theme within the retail and apparel market.

Reasons to Buy

  • Gain a better understanding of AI, its functions, and how it is being used within the retail and apparel space.
  • Gain an understanding of the challenges that retailers face when embracing AI
  • Learn about specific cases where AI has been successfully integrated into retailer operations, providing clarity on the actions of competitors.
  • A better understanding of the components in the AI value chain.
  • Learn about the key mergers and acquisitions relating to AI in the retail and apparel space.
  • Get access to GlobalData’s thematic scorecard rating where operators have been given a rank based on their investment in the AI theme.
  • Learn about the leading AI adopters and vendors in retail and apparel alongside specialist vendors in the AI space.

Key Players

ABB
Ability Enterprise
Affectiva
AI.Reverie
Algorithmia
Alibaba
Alphabet
Alteryx
Amazon
AMD
AndroVideo
Apple
Articial Solutions
Asda
AT&T
Autodesk
Ayasdi
Baidu
Basler
BigML
Blue Frog Robotics
Blue Yonder
Boston Dynamics
Bourjois
Burberry
Cambricon
Car360
Carvana
Caspar.ai
Catchoom
Chanel
Charlotte Tilbury
Clarifai
CloudMinds
Cloudwalk
Cobalt Robotics
Cognex
CognitiveScale
Control4
DataRobots
Deep Instinct
Delvify
Dialogflow
Diligient Robotics
dotData
Dulux
Dynamic Yield
Ecovacs
Edited
ElliQ
Facebook
Facewatch
Farfetch
Festo
Findify
Flybits
Geomagical Labs
GetWorth
GlamST
Google
Graphcore
Grokr
Groq
H2O.ai
Horizon Robotics
Huawei
Hug Innovations
Hugging Face
IBM
iFlytek
Ikea
Infinite Analytics
Ingka Group
Inredhemma Sverige
Intel
Intelistyle
iRobot
John Lewis
Kaggle
Kasisto
Klarna
KNIME
KnuEdge
Kore.ai
Kraft Heinz
Kroger
Lego
LivePerson
L'Oreal
Lowe's Home Depot
Macy's
Magic Leap
Mathworks
McDonold's
Megvii
Microsoft
Middleby
Mindmeld
Miso Robotics
Mobvoi
Modiface
Morrisons
Motus Holdings
Namaste
Neato Robotics
Neurala
Neurtrogena
Nike
Nuance
Nvidia
Ocado
Omron
Oracle
Paix Technology
PerceptiLabs
Primark
QM Scientific
Qualcomm
Quidini
RapidMinder
RASA
RealEyes
Ring
Robotiq
Sales Forrce
Samsung
SAP
SAS
SAS
Scalia
Semusi
SenseTime
Sherpa.ai
Sleepo
SnapAV
Sony
SoundHound
SparkCognition
Syntiant
Syte
Tencent
Teradyne
Tesla
The Walt Disney Company
TIBCO
Titan
TJX
Toplooks
Ulta Beauty
Ultraleaps
Uniqlo
Ve.Ma.C
Veepee
Wave Computing
Wella
Wellio
Wit.ai
Wolfram
XOXCO
Yellow Drive Technologies
Yieldigo
Zara

Table of Contents

Executive Summary

AI Value Chain

Retail Challenges

Impact of AI on Retail

Case Studies

Market Size and Growth Forecasts

Mergers and Acqusitions

AI Timeline

Companies

Sector Scorecard

Glossary

Further Reading

| Our thematic research methodology

| About GlobalData

| Contact Us

Frequently Asked Questions

The AI platform revenue in the retail industry was worth $1.4 billion in 2019.

AI in the retail industry is expected to achieve a CAGR of more than 20% during 2019-2024.

GlobalData’s AI value chain consists of four segments: data inputs, big data management, AI technology, and AI use cases.

Some of the leading AI adopters in the retail industry are Asda, Chanel, Dulux, IKEA, John Lewis & Partners, Kroger, and L’Oreal.

Some of the leading vendors associated with the AI theme are Alibaba, Alphabet, Amazon, Apple, Baidu, Cambricon, and Facebook.

Some of the specialist AI vendors in the retail industry are Artificial Solutions, Blue Yonder, CloudMinds, Deep Instinct, Delvify, EDITED, and Infinite Analytics.

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