Artificial Intelligence (AI) in Retail and Apparel – Thematic Intelligence
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
AI in Retail and Apparel Thematic Report Overview
The widespread adoption and significant impact of AI on the retail and apparel market have become noticeable recently. Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, with the advancement of AI, it is now used in other aspects of retail such as personalized marketing, customer service, pricing optimization, and supply chain management. Retailers now rely on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.
The Artificial Intelligence (AI) in Retail and Apparel thematic intelligence report assesses how AI, combined with other emerging technologies, can be used across the retail and apparel value chain. It provides an overview of the current landscape, as well as key players, while also highlighting opportunities for the use of AIs in the future. The report provides an industry-specific analysis based on GlobalData databases and surveys.
Report Pages | 68 |
Regions Covered | Global |
AI Market Size (2022) | $81.3 billion |
AI CAGR (2022-2030) | >35% |
Forecast Period | 2023-2030 |
Historical Period | 2016-2022 |
Value Chain | · Hardware
· Data Management · Foundational AI · Advanced AI Capabilities · Delivery |
Leading Adopters | · Asda
· Chanel · John Lewis |
Leading Generative AI Adopters
|
· Best Buy
· Carrefour · H&M |
Leading AI Vendors | · Alibaba
· Alphabet · Amazon |
Specialist AI Vendors | · Artificial Solutions
· Blue Yonder · Delvify |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
AI in Retail and Apparel – Industry Analysis
The AI market was valued at $81.3 billion in 2022 and is expected to achieve a CAGR of more than 35% between 2022 and 2030. The AI consulting and support services category is currently the largest market segment while conversational platforms is the fastest-growing segment. This exponential growth has been fueled by the expansion of generative AI applications.
Global AI Revenue by Product 2022-2030 ($ Billion)
Buy Full Report for More Insights into the AI in Retail and Apparel Market Forecast
AI in Retail and Apparel - Value Chain Analysis
The AI value chain is split into five segments which are hardware, data management, foundational AI, advanced AI capabilities, and delivery.
Hardware: The hardware value chain can be further divided into semiconductors, cameras, sensors and lasers, and servers, among others. The AI hardware stack is not too dissimilar from any IT system, although parts such as semiconductors, cameras, sensors, and edge equipment are very AI-specific. On the other hand, servers, storage, and networking equipment are standard and not designed specifically for AI use cases.
AI Value Chain Analysis
Buy Full Report for More Value Chain Insights into the AI in Retail and Apparel Market
AI in Retail and Apparel - Competitive Landscape
Some of the leading retail and apparel companies currently deploying AI are:
- Asda
- Chanel
- John Lewis
Leading Generative AI Adopters
Some of the retail and apparel companies currently deploying generative AI are:
- Best Buy
- Carrefour
- H&M
Some of the leading players within the AI theme are:
- Alibaba
- Alphabet (parent company of Google, Waymo, and DeepMind)
- Amazon
Some of the specialist AI vendors in the retail and apparel sector are:
- Artificial Solutions
- Blue Yonder
- Delvify
Buy Full Report to Know More About the Leading Companies in the AI in Retail and Apparel
Retail Sector Scorecard
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.
The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
The risk screen ranks companies within a particular sector based on overall investment risk.
Retail Sector Scorecard – Thematic Screen
Buy Full Report to Know More About the Retail Sector Scorecards
Scope
This report is part of our ecosystem of thematic investment research reports, supported by our “thematic engine”.
Key Highlights
Retailers have been using AI for several decades, but its widespread adoption and significant impact on the industry have been more noticeable in recent years. The use of AI in retail started gaining momentum in the early 2000s, with the development of more advanced machine learning algorithms and the availability of large amounts of data.
Reasons to Buy
- This report will help you to understand AI and its potential impact on the retail and apparel industries.
- Benchmark your company against your competitors, by comparing how prepared retailers are for AI disruption.
- Identify and differentiate between the leading AI vendors and formulate an adoption plan for your company.
- Position yourself for future success by investing in the right AI technologies. Cut through the noise with GlobalData’s priority ratings for each AI technology for each segment of the industry.
- Develop relevant and credible sales and marketing messages for automotive companies by understanding key industry challenges and where AI use cases are most useful.
- Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the automotive industry.
Chanel
eBay
John Lewis
Kroger
L’Oreal
Lowe’s
Neutrogena
Nike
Ocado
Pretty Little Thing
Alphabet
Amazon
Best Buy
Carrefour
H&M
Ikea
Instacart
Kering
Klarna
M&S
Next
Puig
Sephora
Shopify
Target
Zalando
Artificial Solutions
Blue Yonder
Delvify
Edited
Infinite Analytics
Intelistyle
ModiFace
OpenAI
Quidini
Syte
Yieldigo
Alibaba
AMD
Apple
Baidu
C3.ai
Cambricon Technologies
Hyundai Motor Group
IBM
iFlytek
Intel
Meta
Microsoft
Nvidia
Tencent
Tesla
Table of Contents
Frequently asked questions
-
What was the size of the AI market in 2022?
The AI market was valued at $81.3 billion in 2022.
-
What is the AI market growth rate?
The AI market is expected to grow at a CAGR of more than 35% between 2022 and 2030.
-
Who are the leading adopters currently deploying AI?
Some of the leading retail and apparel companies currently deploying AI are Asda, Chanel, and John Lewis.
-
Who are the leading Generative AI adopters within the theme?
Some of the retail and apparel companies currently deploying generative AI are Best Buy, Carrefour, and H&M.
-
Who are the leading vendors within the AI theme?
Some of the leading vendors within the AI theme are Alibaba, Alphabet, and Amazon.
-
Who are the leading specialist AI vendors in the retail and apparel sector?
Some of the leading specialist AI vendors in the retail and apparel sector are Artificial Solutions, Blue Yonder, and Delvify.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.