AI (Artificial Intelligence) offers an efficient way to provide commerce with smart and innovative business solutions. The improvement of innovative technologies has totally changed the existing state of the e-commerce industry. AI in the e-commerce industry is changing the method used by companies to communicate with clients; by generating superior customer involvement. It is a smart and modern method to upsurge sales and enhances numerous other features of e-commerce operations. It is affecting the e-commerce market in various ways such as by providing initial user experience, assortment management, and virtual shopping assistant.
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AI in e-commerce market is transforming by influencing the world of online shopping practice. In the e-commerce industry, AI supports the companies in prognostic pricing, supply chain management, forecasting trends, and mechanizes classification of products. AI enables an e-commerce site to recommend products exclusively suited to customers and allows individuals to search for products using images or vernacular language.
AI in e-commerce offers various benefits such as enhancing products, informing the creation of new products, making a better decision, optimizing processes, identifying new market and automating workflow. The application of AI in leading e-commerce industries include chatbots/AI assistance, recommendation engine, smart logistics, predictive sales, virtual assistance, and inventory management. Major players contributing in the global AI in e-commerce market include Appier Inc., Cortexica Vision Systems Ltd., Emarsys eMarketing Systems AG, Satisfi Labs, Inc., PayPal, Inc., Twiggle Ltd., and ViSenzePte Ltd.
Current Market Trends Covered in the market report:
The Report AI in E-commerce Market Segmentation
By Application
By Region
North America
Europe
Asia-Pacific
Rest of the World