GITNUX MARKETDATA REPORT 2024

Ai In The Retail Industry Statistics

AI in the retail industry is expected to drive increased personalization, efficiency, and profitability through data analysis and automation.

Statistic 1

"85% of customer interactions will be managed by AI by 2020."

Sources Icon

Statistic 2

"Personalized AI can boost digital sales by at least 15%."

Sources Icon

Statistic 3

"45% of retailers are expected to use AI within three years to enhance the customer experience."

Sources Icon

Statistic 4

"AI in retail is predicted to surpass $8 billion by 2024."

Sources Icon

Statistic 5

"Around 75% of businesses that use AI and machine learning enhance customer satisfaction by more than 10%."

Sources Icon

Statistic 6

"When used for inventory management, AI can reduce forecasting errors by up to 50%."

Sources Icon

Statistic 7

"AI can increase operational efficiency by 40% or more in the retail sector."

Sources Icon

Statistic 8

"Over 75% of retailers who have implemented AI are satisfied with the results."

Sources Icon

Statistic 9

"By 2025, the global AI in retail market is expected to reach $19.9 billion."

Sources Icon

Statistic 10

"Visual search powered by AI can increase ecommerce revenue by nearly 30%."

Sources Icon

Statistic 11

"35% of Amazon's revenue is generated by its AI recommendation engine."

Sources Icon

Statistic 12

"28% of retailers are deploying AI for marketing, advertising, and customer engagement."

Sources Icon

Statistic 13

"AI can boost profitability in retail and wholesale by nearly 60% by 2035."

Sources Icon

Statistic 14

"77% of consumers already use AI platforms, directly or indirectly."

Sources Icon

Statistic 15

"Around 60% of retailers consider AI as a competitive advantage in the industry."

Sources Icon

Statistic 16

"Over 79% of fashion retailers plan to invest in AI over the next 3 years."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!