全球零售行业市场前景及投资研究报告-培训课件外文版2024.6淘宝赵一鸣零食有鸣

INDUSTRIES

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MARKETSRetailmarketworldwideCHAPTER

01MarketoverviewValueaddedcreatedbytheretailindustryasapercentageofGrossDomesticProduct(GDP)intheUnitedStatesquarterlyfrom2019to2023,bysectorValueaddedbyretailindustryasshareofGDPintheUnitedStates20238%7%6%5%4%3%2%1%0%6.7%6.6%6.6%6.4%

6.4%6.4%6.4%6.3%6.3%

6.3%

6.3%

6.3%6.3%6.3%6.2%6%5.9%

5.9%5.9%

5.9%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42019

2019

2019

2019

2020

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2020

2021

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20233Description:ValueaddedcreatedbytheU.S.retailindustryconstituted6.3percentofthegrossdomesticproduct(GDP)oftheUnitedStatesinthefourthquarterof2023.Overthepastfouryears,theretailindustry'scontributiontoGDPincreasedbyabout0.4percentagepoints.ReadmoreNote(s):UnitedStates;Q12019toQ42023Source(s):BEATotalretailsalesworldwidefrom2021to2026(intrillionU.S.dollars)World:retailsales2021-20263532.7631.6930.5729.293025201510528.226.370202120222023*2024*2025*2026*4Description:Globalretailsaleswereprojectedtoamounttoaround32.8trillionU.S.dollarsby2026,upfromapproximately26.4trillionU.S.dollarsin2021.Theretailindustryencompassesthejourneyofagoodorservice.Thistypicallystartswiththemanufacturingofaproductandendswithsaidproductbeingpurchasedbyaconsumerfromaretailer.Retailestablishmentscomeinmanyformssuchasgrocerystores,restaurants,andbookstores.

ReadmoreNote(s):Worldwide;December2022;*Forecast.ReadmoreSource(s):eMarketerProjectedretailsalesgrowthworldwidefrom2020to2025World:retailsalesgrowth2020-202512%9.7%10%8%6%5%4.9%4.8%4.1%4%2%0%-2%-4%-2.9%2020202120222023202420255Description:In2020,globalretailsalesfellby2.9percentasaresultoftheCOVID-19pandemic,bouncingbackin2021withagrowthof9.7percentGlobalretailsaleswereprojectedtoamounttoaround27.3trillionU.S.dollarsby2022,upfromapproximately23.7trillionU.S.dollarsin2020.ReadmoreNote(s):Worldwide;January2020Source(s):eMarketerEstimatedvalueofthein-storeande-commerceretailsalesworldwidefrom2022and2026(intrillionU.S.dollars)Estimatedvalueofglobalretailsales2022-2026,bysaleschannelPhysicalretaile-commerce35302520151059.48.47.46.65.822.522.621.620.8200202220232024202520266Description:In2022,theglobalin-storeorbrick-and-mortarretailchannelgeneratedanestimated20trillionU.S.dollarsinsales.Totalretailsales(onlineandofflineretail)worldwideamountedtoaround25.8trillionU.S.dollarsthatyear.By2026,itisestimatedthatthevalueofe-commerceretailsaleswillreach9.4trillionU.S.dollarsonaglobalscale.ReadmoreNote(s):Worldwide;2022;estimatesSource(s):Activate;DigitalCommerce360;eMarketer;ResearchandMarkets;Retaile-commercesalesworldwidefrom2014to2027(inbillionU.S.dollars)Globalretaile-commercesales2014-20279,0008,0007,0006,0005,0004,0008,0347,4676,8766,3305,7845,3114,9884,2483,35120192,98220183,0002,38220171,8452,0001,00001,54820151,336201420162020202120222023*20242025202620277Description:In2023,globalretaile-commercesalesreachedanestimated5.8trillionU.S.dollars.Projectionsindicatea39percentgrowthinthisfigureoverthecomingyears,withexpectationstosurpasseighttrilliondollarsby2027.

ReadmoreNote(s):Worldwide;June2023;*Fromthisyearonwards,figuresareforecasts.

Includesproductsorservicesorderedonlineviaanydevice,regardlessofthemethodofpaymentorfulfillment;excludestravelandeventtickets,paymentssuchas[...]

ReadmoreSource(s):eMarketerAnnualretaile-commercesalesgrowthworldwidefrom2017to2027Retaile-commercesalesgrowthworldwide2017-202730%28%25.7%25%20%15%10%5%22.9%20.5%17%9.4%20248.9%8.6%20258.6%20267.6%20276.5%20220%201720182019202020212023*8Description:In2022,globale-commercesalesgrewby6.5percentcomparedtothepreviousyear.Inthatperiod,e-commerceaccountedforapproximately19percentofallretailsalesworldwide.

ReadmoreNote(s):Worldwide;2017-2027;*Forecast.Includesproductsandservicesorderedusingtheinternetviaanydevice,regardlessofthemethodofpaymentorfulfillment,numbersmaynotaddupintotalduetorounding.Excludingeventtickets.[...]

ReadmoreSource(s):eMarketerE-commerceaspercentageoftotalretailsalesworldwidefrom2021to2027E-commerceasshareoftotalretailsalesworldwide2021-202725%22.6%21.8%21%20.1%19.4%20%15%10%5%18.8%18.7%0%2021202220232024*2025202620279Description:Internetsaleshaveplayedanincreasinglysignificantroleinretailing.In2023,e-commerceaccountedforover19percentofretailsalesworldwide.Forecastsindicatethatby2027,theonlinesegmentwillmakeupclosetoaquarteroftotalglobalretailsales.ReadmoreNote(s):Worldwide;2021to2027;*Datafromthisyearonwardsisforecast.Includesproductsorservicesorderedusingtheinternetviaanydevice,regardlessofthemethodofpaymentorfulfillment;excludestravelandeventtickets.2015to[...]

ReadmoreSource(s):eMarketerCHAPTER

02SelectedretailmarketsTotalretailsalesintheUnitedStatesfrom1992to2023(inbillionU.S.dollars)TotalretailsalesintheUnitedStates1992-20238,0007,0006,0005,0004,0003,0002,0001,000Year11Description:Bytheendof2023,totalretailsalesreachedapproximately7.24trillionU.S.dollars,aroundoneandhalfabillionU.S.dollarincreasefromtheyearbefore.Retailsaleshavesteadilyincreasedsince2009,astheeconomyrecoveredfromthedownwardtrendduetotherecessionfollowingthe2007-2008financialcrisis,andmostrecentlyfromtheimpactofthecoronavirus(COVID-19)crisis.ReadmoreNote(s):UnitedStates;1992to2023Source(s):USCensusBureauSalesvolumeoftotalretailtradeintheEuropeanUnion(EU-27)from2009to2022(asindex)RetailtradesalestrendintheEuropeanUnion(EU-27)2009-2022140120117.16115.56110.17109.59107.28105.06102.1210097.4897.9997.3796.995.9295.551008060402002009201020112012201320142015201620172018201920202021202212Description:In2022,thetotalretailtradesalesvolumeindexintheEuropeanUnionremainednearlyunchangedataround117.16.Nevertheless,2022stillrepresentsapeakinthetotalretailtradesalesvolumeindexintheEuropeanUnionwith117.16.

ReadmoreNote(s):Europe;2009to2022Source(s):OECDPercentagegrowthinretailtradesalesvolumeinEuropein2022,bycountryRetailtradesalesgrowthinEurope2022,bycountryYear-on-yearpercentagegrowth4%

6%-2%0%2%8%10%12%14%PortugalTürkiye13.3%10.2%10.1%PolandHungaryLatviaSlovakiaFrance5.2%4.3%4.2%3.3%LuxembourgEstonia2.6%1.9%LithuaniaSpainNetherlandsSwitzerland0.8%0.6%0.3%0.1%13Description:ThisstatisticdisplaysthepercentagechangeinsalesvolumeoftheretailtradeinEuropeancountriesin2022.Portugal,Türkiye,andPolandhadthehighestriseinsalesvolumeat13.3,10.2and10.1percent,respectively.

ReadmoreNote(s):Europe;2022Source(s):OECDRetailrevenueofenterprisesabovedesignatedsizeinChinafrom2012to2022(intrillionyuan)RevenueofretailenterprisesabovedesignatedsizeinChina2012-202218161415.4214.8113.0413.112.6612.512.3111.431210811.069.858.3464202012201320142015201620172018201920202021202214Description:In2022,therevenuefromretailenterprisesabovedesignatedsizeamountedtoaround15.42trillionyuaninChina.Thisindicatedanincreaseinrevenuefrom14.81trillionyuaninthepreviousyear.

ReadmoreNote(s):China;2012to2022Source(s):NationalBureauofStatisticsofChinaSalesvalueofretailtradeinJapanfrom2013to2022(intrillionJapaneseyen)RetailmarketsizeinJapan2013-2022180154.4160150.46146.46144.97145.05142.51141.22140.67139.88138.9140120100806040200201320142015201620172018201920202021202215Description:In2022,theJapaneseretailindustryrecordedaround154.4trillionJapaneseyeninsales.Thisrepresentedadecadehigh.ReadmoreNote(s):Japan;2013to2022Source(s):METI(Japan);MitsuiFudosanValueoftheretailmarketinIndiafrom2018to2022,withforecastsuntil2032(inbillionU.S.dollars)RetailmarketvalueinIndia2018-20322,5002,0002,0001,7501,504.91,5001,395.51,022.31,0009501,000500088383620182019202020222023*2024*2025*2026*2032*16Description:In2022,theretailmarketinIndiawas836billionU.S.dollars,downfrom950billiondollarsrecordedin2018.By2032,thisvalueisexpectedtoreachabouttwotrillionU.Sdollars.ReadmoreNote(s):India;2018to2022;*Forecast.Anexponentialdevelopmentofthevalueswasassumedtoestimatetheannualvaluesbetween2018and2020,whichwereprovidedbythesource.Anexponentialdevelopmentofthevalueswasassumed[...]

ReadmoreSource(s):IndiaBrandEquityFoundation;RetailsalesvalueinLatinAmericafrom2017to2022(intrillionU.S.dollars)LatinAmerica:retailsalesvalue2017-20222.52.352.272.192.091.992.01.51.00.50.01.8920172018*201920202021202217/statistics/916574/retail-sales-value-latamThisstatisticdisplaysthevalueoftheretailsectorinLatinAmericain2017andforecaststhereofuntil2022.In2017,retailsalesintheLatinAmericanregionamountedtoalmost1.9trillionU.S.dollars,andtheywereexpectedtoreach2.35trillionby2022.ReadmoreNote(s):2017and2018;Excludingtravelandeventtickets;*Startingfromtheindicatedyear,figuresareforecasts(asofJune2018).Valueshavebeenrounded.

ReadmoreSource(s):eMarketerCHAPTER

03LeadingglobalretailersLeadingretailersworldwidein2021,byretailrevenue(inbillionU.S.dollars)World:leadingretailers2021,byretailrevenueRetailrevenueinbillionU.S.dollars100

200

3000400500600700WalmartInc(UnitedStates)A,Inc.(UnitedStates)CostcoWholesaleCorporation(UnitedStates)SchwarzGroup(Germany)572.75239.15195.93153.75151.16136.97126.39TheHomeDepot,Inc.(UnitedStates)TheKrogerCo.(UnitedStates)JD.com,Inc(China)WalgreensBootsAlliance,Inc(UnitedStates)AldiEinkaufGmbH&Co.oHG(Germany)*TargetCorporation(UnitedStates)CVSHealthCorporation(UnitedStates)Lowe'sCompanies,Inc.(UnitedStates)AholdDelhaize(Netherlands)***122.05120.95104.61100.1196.2589.3819Description:Theretailindustryencompassesthejourneyofagoodorservice.Thistypicallystartswiththemanufactureofaproductandendswithsaidproductbeingpurchasedbyaconsumerfromaretailer.Asaresultofglobalizationandvarioustradeagreementsbetweenmarketsandcountries,manyretailersarecapableofdoingbusinessonaglobalscale.Basedonretailsalesgeneratedinthefinancialyear2021,Walmartwasbyfartheworld'sleadingretailerwithretailrevenuesreaching[...]

ReadmoreNote(s):Worldwide;2021Source(s):DeloitteRetailrevenuecompoundannualgrowthrate(CAGR)oftheworld'sleadingretailersfromfiscalyear2016to2021World:retailrevenueCAGRoftopretailersFY2016-FY202130%28%25%20%15%10%5%20.4%10.5%9.8%8.5%7.8%4.8%4.7%3.5%3.3%0%JD.com,Inc(China)A,Inc.(UnitedStates)CostcoTheHomeDepot,Inc.TargetSchwarzGroup

AldiEinkaufWalgreens

TheKrogerCo.

Walmart,IncWholesaleCorporation(Germany)GmbH&Co.

BootsAlliance,

(UnitedStates)

(UnitedStates)Corporation

(UnitedStates)

(UnitedStates)(UnitedStates)oHG(Germany)

Inc(UnitedStates)20Description:Infiscalyear2021,theChineseonlineretailersJD.comandtheglobalretailgiantAmazonrankedasthefastestgrowingretailersbasedonCAGRbetweenFY2016and2021.Amongtheleading10retailersbasedon2021sales,Walmart,theworld'sleadingretailer,registeredacomparativelyslowerCAGRat3.3percent.ReadmoreNote(s):Worldwide;2021*;*leading10retailersbasedonFY2021retailrevenueSource(s):DeloitteLeadingglobalretailersbyprojectedtotalchainretailsalesin2027(inbillionU.S.dollars)World:leadingretailers2027,byforecasttotalchainretailsales1,4001,184.11,178.71,2001,0008006004002000806.1739.1685.6AmazonAlibabaGroupPinduoduoJD.comWalmart21Description:By2027,thee-commerceretailerAmazonisforecasttobetheleadingretailerworldwide,justbarelyoutdoingtheAlibabaGroupintermsofsales.Specifically,projectionsfor2027showthatthetotalchainretailsalesofAmazonaregoingtoreachavalueofmorethan1.18trillionU.S.dollars.Walmartwouldrankfifth,generatinganestimated686billionU.S.dollarsinchainretailsalesthatyear.ReadmoreNote(s):Worldwide;March28,2022Source(s):EdgebyAscentialLeadingretailersworldwidein2022,bytotalnumberofstoresWorld:numberofstoresoftheleadingretailers2022Numberofstores05,00010,00015,00020,00025,00030,00035,00040,00045,000Seven&I(Seven-Eleven)FamilyMartUNYCPAll40,32524,88916,76916,00214,47413,756ASWatsonCarrefourSchwarzGroupAldi13,32513,15312,983WalgreensBootsAllianceCouche-TardAeon11,775ReweCasino11,45311,157Walmart10,490MetroAGAholdDelhaize7,9967,79322Description:Seven&IHoldings,theparentcompanyofthe7-Elevenretailchain,hadatotalofover40,000retailstoresinoperationthroughouttheworldin2022.7-Elevenareachainofconveniencestoreswhichoperateinmanycountriesglobally.Thatyear,Seven&Ihadmoreretailstoresthananyoftheworld'sotherleadingretailcompanies,suchasWalmart,whichhadnearly10,500retailoutletsortheSchwarzGroupwithsome13,750stores.Although,Walmartwasnotthecompanywiththe[...]

ReadmoreNote(s):Worldwide;2022;Top15globalretailersbasedonStoresrankingSource(s):Kantar;NationalRetailFederationBrandvalueoftheleadingretailersworldwidein2023(inmillionU.S.dollars)World:valueofthetopretailbrands2023BrandvalueinmillionU.S.dollars150,000

200,000050,000100,000250,000300,000299,280350,000AmazonWalmartHomeDepotCostco113,78161,05346,57131,597Lowe'sCVS30,56730,53927,59927,429TaobaoTargetTmallWalgreens21,56023/statistics/406654/value-of-the-leading-retail-brands-worldwideAsof2022,Amazonwasthemostvaluableretailbrandintheworldwithanestimatedbrandvalueofabout300billionU.S.dollars.Taobao,anonlineshoppingwebsitebrandownedbyAlibaba,rankedseventh,withabrandvalueof53.8billiondollars.ReadmoreNote(s):Worldwide;2023Source(s):BrandFinanceLeadingglobalretailersbasedonmarketcapitalizationvalueasofMay2023(inbillionU.S.dollars)LeadingglobalretailersbasedonmarketcapasofMay20231,200

1,1301,000800600412.18400292.69222.09214.632000123.51107.5689.79

89.773.92

73.58

72.855.24

50.29

49.08

48.29

47.844.22

42.86

40.59

35.6

35.27

34.3232.73

32.4424Description:AsofMay11,2023,Amazonwastheleadingglobalretailerbasedonmarketcapitalizationvalue,withthecompany'smarketcapexceeding1.1trillionU.S.dollars.FollowingAmazon,WalmartandHomeDepotcameinsecondandthirdplacewithmarketcapof412and292billionU.S.dollarsrespectively.ReadmoreNote(s):Worldwide;Q42023Source(s):CompaniesMarketCCHAPTER

04RetailsegmentsGrocerysalesworldwidein2021withaforecastfor2026,bychannel(inbillionU.S.dollars)*Worldwidegrocerysalesin2021and2026,bychannel20212026**1,8001,615.91,6001,375.91,4001,2001,0008006004002000816.2809.6719.5582.7564.5469.1468.1462.3455.9376.3345.4266.4Supermarkets&neighborhoodstoresHyper-storesDiscountE-commercePharma&healthConvenienceCash&carry/club26Description:In2021,worldwidegrocerysalesofsupermarketsandneighborhoodstoresamountedto1,38trillionU.S.dollars.Hyper-stores,ontheotherhand,werethesecond-largestchannelwithatotalof720billioninsales.By2026,allchannelswillhaveseenanincreaseinsales,withe-commercefeaturingthehighestgrowth.ReadmoreNote(s):Worldwide;2021;*Figuresbasedonthesalesofediblegrocery,householdandpetcare,andhealthandbeauty.**Forecast

ReadmoreSource(s):EdgebyAscentialCompoundannualgrowthrate(CAGR)oftheglobalretailsectorfrom2021to2026,byproductcategoryCAGRoftheglobalretailsector2021-2026,byproductcategory10%8.7%9%8%7%6%5%4%3%2%1%0%8.6%7.7%6.4%6.3%5.7%5.7%5.3%4%3.7%Fashion&apparelElectricalsLeisure&entertainmentHome&DIYOfficeHousehold&petcareHealth&beautyEdiblegrocery

FoodserviceOther27Description:Accordingtoestimates,between2021and2026,thefashionandapparelsectorwithintheglobalretailindustryisexpectedtogrowataCAGRof8.7percent,makingthistheworld'sfastestgrowingretailproductcategory.Followingfashionandapparel,electricalsareforecasttobethesecond-fastestgrowingproductcategorybasedonCAGR.ReadmoreNote(s):Worldwide;August2021Source(s):EdgebyAscentialEstimatedchannelshareofthestore-basedtotalgrocerysalesworldwidein2021and2026Channelshareofthestore-basedgrocerysalesworldwide2021-20262021202625%20%22.9%23%15%10%5%13.7%13.6%12.1%12.2%7%7.1%1.5%1.5%0.3%0.3%0%Supermarkets&Hyper-stores(combined)SupermarketsHyper-storesDiscountstoresConveniencestoresCash&Carry/Club28Description:In2021,conveniencestoresaccountedfor22.9percentoftheglobalstore-basedgrocerysales,includingediblegrocery,householdandpetcare,andhealthandbeautysales.Supermarkets,ontheotherhand,wasthesecond-largestchannelwithashareof12.1ofthetotalstore-basedsales.By2026,saleschanneldistributionofthein-storegrocerymarketisestimatedtoseeminimalincreasesonly.

ReadmoreNote(s):Worldwide;June2021Source(s):EdgebyAscentialEstimatedvalueofglobalhealth,beauty,andpersonalcaresalesin2022and2027(inbillionU.S.dollars),bysaleschannelHealth,beautyandpersonalcare:estimatedglobalsalesvalue2022-2027,bychannel202220276005004003002001000502426.6418.4263.6159.7131.4126.9113.255.455.147.644.943.433.530.935.9Pharma&HealthE-commerceHyperstoresSupermarkets&

BeautyspecialistsneighbourhoodstoresDiscountCash&Carry/Club

Departmentstores29Description:In2022,theestimatedvalueofglobalsalesofhealth,beauty,andpersonalcareproductsinpharmaandhealthstoreswasmeasuredatover418billionU.S.dollars.By2027,thisvalueisforecasttogooverthe500billion-dollar-mark.

ReadmoreNote(s):Worldwide;June2022Source(s):EdgebyAscentialEstimatedvalueofhouseholdgoodsandpetcareproductssalesin2021and2026(inbillionU.S.dollars),bysaleschannelHouseholdandpetcare:estimatedglobalsalesvalue2021-2026,bychannel2021202618016014012010080164.4119.5102.993.872.466.163.753.46036.74029.523.42319.419.8200Pharma&HealthOthernon-foodspecialistsCash&Carry/ClubDiscountHyperstoresE-commerceSupermarkets&neighbourhoodstores30Description:Accordingtoestimates,in2021,theleadingchannelfortheglobalsalesofhouseholdproductsandpetcarewassupermarketsandneighbourhoodstores,with102.9billionU.S.dollarsgeneratedthroughthischannel.By2026,e-commerceisforecasttotakeoverastheleadingchannel,withglobalsalesintheseproductcategoriesreaching119.5billionU.S.dollars.ReadmoreNote(s):Worldwide;2021Source(s):EdgebyAscentialElectricals,office,leisureandentertainmentsalesworldwidein2021,withaforecastfor2026(inbillionU.S.dollars),bysaleschannelGlobalelectricals,office,leisure,andentertainmentsales2021-2026E-commerceStore-based4,0003,5003,0002,5002,0001,5001,0005001,273.61,054.32,296.82026*1,360.72021031Description:In2021,globalelectricals,office,andleisure&entertainmentchainretailsalescametoanestimated2.4trillionU.S.dollars.Specifically,about44percentofthesesalesweregeneratedinphysicalstores,whilemorethanhalfwasmadeonline.Overthenextfiveyears,worldwidechainretailsalesforthissectorareprojectedtogrowbyover1.1trillionU.S.dollars.ReadmoreNote(s):Worldwide;2021;*Figuresforthisyearareforecasts.ReadmoreSource(s):EdgebyAscentialCHAPTER

05Globalretailtrends:digitalizationQuarterlyvalueofretailtechnologyfinancingdealsworldwidefrom1stquarter2019to4thquarter2023(inbillionU.S.dollars)QuarterlyretailtechdealfinancingworldwideQ12019toQ420233531.630.33025201510528.727.725.118.618.214.814.112.311.710.49.28.58.26.75.54.64.74.10Q1'19

Q2'19

Q3'19

Q4'19

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Q3'23

Q4'2333/statistics/1259572/retail-tech-deals-worldwideInthefourthquarterof2023,thevalueofretailtechnologyfinancingdealsreachedtothelevelof4.7billionU.S.dollars.Twoyearsprior,inthefinalquarterof2021specifically,financingofretailtechdealshadatotalvalueofover27billionU.S.dollars.ReadmoreNote(s):Worldwide;Q12019toQ42024Source(s):CBInsightsBusinessbenefitsofAIaccordingtoretailexecutivesworldwidein2023BusinessbenefitsofAItoretailworldwide202380%73%72%69%70%60%50%40%30%20%10%0%66%65%64%FastertimetoImprovedcustomersatisfaction,riskmanagementIncreasedinnovation,

Increasedunderstanding

Reducedcostofnewpersonalizedmarketing

ofbusiness/customers

productdevelopmentTheabilitytohire/recruitnewtalent,increasedsalesprofitability,increasedproductivity,increasedrevenuestreams,operationcostreduction34Description:ThemostimportantareawhereITexecutivesworkinginretailcompaniessawthebiggestbenefitofArtificialIntelligence(AI)wasproductivity,operationalcostreductions,andfastertimetoprofitability.AccordingtotheresultsofasurveyconductedinFebruary2023,otherareassuchascustomersatisfaction,riskmanagement,andpersonalizationwereseenaskeyareaswherebusinessescouldbenefitfromAI.

ReadmoreNote(s):Worldwide;February2023;1,420respondents;ITdecision-makersacrossretailindustries;*totalnumberofrespondentsacrossacrossmanufacturing/logistics,retail,hospitality/travel,energy,healthcare/pharma/biomedical,government,[...]

ReadmoreSource(s):ChainStoreAge;RackspaceSizeoftheglobalArtificialIntelligence(AI)marketintheretailindustryin2020,withaforecastfrom2021to2028(inbillionU.S.dollars)GlobalAIinretailmarketsize2020-2028353031.1823.9125201510518.3214.0410.7620248.246.324.843.7502020202120222023202520262027202835/statistics/1256646/ai-in-retail-market-sizeTheglobalmarketfortheuseofArtificialIntelligence(AI)inretailwasvaluedaboutat4.84billionU.S.dollarsin2021.Overthenexteight-yearperiod,themarketforAIinretailisestimatedgrowcontinually,reaching31.18billionU.S.dollarsby2028.ReadmoreNote(s):2019to2020Source(s):FortuneBusiness