Global artificial intelligence in retail market valuation to reach USD 24 billion by 2027


Selbyville, Delaware, Feb. 25, 2021 (GLOBE NEWSWIRE) — As per reliable estimates, global artificial intelligence in retail market size had reached USD 3 billion in 2019 and is likely to showcase a y-o-y growth rate of 29.7% between 2020 and 2027, subsequently accounting for USD 24 billion by the year 2027. Growing demand for AI technologies in the retail sector in order to improve customer experience is one of the key factors driving the market growth.

Artificial intelligence has…