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Artificial Intelligence (AI) in Retail Market to Surpass USD 71.23 Billion by 2031| SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) in Retail Market is valued at USD 5.59 Billion in 2022 and is expected to grow from USD 7.42 Billion in 2023 to reach USD 71.23 Billion by 2031, at a CAGR of 32.68% during the forecast period (2024-2031).

People expect a big change in the next few years in global artificial intelligence (AI) in retail market due to AI. This breakthrough technology will have a major impact on the way we shop, moving the industry away from issues connected with prices towards customer engagement. Consequently, traders should hurry up and accept AI now that it works together with e-commerce which has been accelerated due to the recent outbreak of Coronavirus disease. Technology and business strategy must be taken into consideration while planning the integration of AI. AI’s primary benefit to the retail sector is its capacity to assist customers by handling boring, repetitive chores.

Download a detailed overview:

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Artificial Intelligence (AI) in Retail Market Overview: 

Report Coverage

Details

Market Revenue in 2023

$ 7.42 billion

Estimated Value by 2031

$ 71.23 billion

Growth Rate

Poised to grow at a CAGR of 32.68%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type, Technology, Solution, Service,  Deployment Mode, and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Development of novel blockchain AI solutions that give benefits of both technologies involved

Key Market Opportunities

Personalized Customer Experience

Key Market Drivers

Rising Use of AI-powered Chatbots for Improved Customer Experience

Segments covered in Artificial Intelligence (AI) in Retail Market are as follows:

TypeOnline Retail, Offline RetailTechnologyMachine Learning & Deep Learning (Facial Recognition, Emotion Detection), Natural Language Processing, Chatbots, Image and Video Analytics, Swarm IntelligenceSolutionProduct Recommendation and Planning, Customer Relationship Management, Visual Search, Virtual Assistant, Chatbots, Price Optimization, Payment Services Management, Supply Chain Management and Demand Planning, OthersServiceProfessional Services, Managed ServicesDeployment ModeCloud, On-PremisesApplicationPredictive Merchandising, Programmatic Advertising, Market Forecasting, In-Store Visual Monitoring & Surveillance, Location-Based Marketing, and Others (Real-Time Pricing and Incentives, Real-Time Product Targeting)

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-in-retail-market

From Physical to Virtual Storefronts, Maximizing Efficiency and Customer Delight

Available categories of AI in the global AI retail market are robotics, computer vision, machine learning, and natural language processing. These artificial intelligence (AI) technologies are indispensable for reducing complexity in operations, enhancing customer interactions and personalizing shopping experience; thereby making the retail sector more effective and competitive.

Computer vision and robots are two AI kinds that greatly benefit offline retail, according to the Global Artificial Intelligence (AI) in Retail Market. Physical and digital efficiency in the offline retail department is very important for the consumer. In-store consumer experiences are the main reason why these technologies are improving this retail segment, with check-out procedures being faster and inventory management optimized.

In global AI in retail market, online retail would be impossible without such AI technologies as natural language processing and machine learning. They improve user experience and boost revenue by streamlining logistics, optimising product recommendations, and customising marketing efforts. The significance of online retail resides in its capacity to effectively reach audiences throughout the world.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/artificial-intelligence-in-retail-market

Unveiling the Impact of AI Technologies on Customer Interactions and Operational Efficiency

AI technology in the Global Artificial Intelligence (AI) in Retail Market encompasses robotics, computer vision, machine learning, and natural language processing. In the retail sector, it is important to use such technologies for automation of work, improvement of customer relations and making shopping individual, thus ensuring greater productivity coupled with competition.

Key artificial intelligence (AI) technologies in the global artificial intelligence (AI) retail market are machine learning and deep learning. Merchants can customise customer experiences, optimise pricing strategies, and analyse vast amounts of data for insights by using them. They play a very critical role as far as improved decision-making, boosted productivity, and a more customised buying experience is concerned.

Natural Language Processing (NLP) is an essential technology in the worldwide retail artificial intelligence sector. It leads to the development of sentiment analysis, improvements in search features, and powers chatbots that possess high level of sophistication when providing customer service. Utilizing NLP technology in customer dealings as well as providing personalized suggestions can elevate customer satisfaction levels and increase their allegiance.

Revolutionizing Operational Excellence with Robotics, Computer Vision and Natural Language Processing

In this transformative era of the retail sector, artificial intelligence (AI) integration heralds revolutionary times in which such technologies as robotics, computer vision, machine learning and natural language processing redefine operations and customer engagement; offline or online, it optimizes processes, enhances customer interactions, and personalizes shopping experiences. Such change increases efficacy and competition, besides it accommodates the changing needs of a digital-first market. While retailers move through such a field, AI strategic incorporation becomes very important by linking technology to business strategies to take advantage of expansion prospects and boost the performance level in retail, conforming to a future where every detail of selling belongs to AI.

Related Report:

AI Market

Artificial Intelligence (AI) in Healthcare Market

Artificial Intelligence (AI) Platform Market

Artificial Intelligence (AI) in Manufacturing Market

Artificial Intelligence (AI) Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg 

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Technology

Threekit Launches AI Sales Agent for Manufacturers

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The Threekit Sales Agent helps sellers who are overwhelmed with the complexity of selling manufactured products. It gets sellers to a proposal in seconds rather than hours and works with existing CPQ, B2B commerce, and ERP systems.

CHICAGO, June 18, 2026 /PRNewswire/ — Threekit today announced the Threekit Sales Agent, built on its new native AI platform. The Agent makes guided selling effortless by digesting a wide variety of customer requirements and recommending valid configured solutions instantly.

For 30 years, CPQ and ERP have been the backbone of how manufacturers quote, make and order products. But the modern seller expects something faster and more intuitive in the age of AI.

The Threekit Sales Agent is the first sales tool manufacturing sellers actually love.

Reps start with what they already have: notes, voice memos, photos, documents, RFPs, line drawings, competitive quotes. The Agent doesn’t wait for a complete spec. It reads the customer’s intent, works toward a valid quote, and takes the next step on its own – asking the rep what’s missing, flagging conflicts before they become errors, and proposing the next valid configuration the rep didn’t see.

When requirements change mid-deal, the Agent reasons through the impact and adjusts the proposal in place. No starting over. It catches a rule violation the rep would have shipped, spots an incompatible option and recommends the fix, and keeps the deal moving toward a quote it knows is valid. Threekit Sales Agent can be deployed across direct sales, channel sales, dealer networks, websites, and ecommerce.

“There’s a huge gap in the Guided Selling stage that sits in front of CPQ and B2B systems on the path to a quote,” said Matt Gorniak, CEO of Threekit. “There’s massive demand to use AI to make complex products easier to sell. We see it directly – revenue for our AI Sales Agent has grown more than 229% in the last year.”

Threekits AI platform built for enterprise trust, safety, reliability, and proof: more than 10M configuration-to-quote sessions monthly, a 99.8% SLA, ISO 27001 certification, and 150 enterprise customers. Threekit’s AI Sales agent has grown revenue 229% in the last year.

About Threekit

Threekit helps manufacturers make complex products easier to sell. Its AI Sales Agent reasons over product data, configuration logic, visual selling, governance, and enterprise integrations to drive a deal from customer request to valid, configured proposal on its own.

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CENTEGIX Launches The Safety Signal Podcast, Where Crisis Meets Connection

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New podcast hosted by CMO Robb Monkman and national school safety leader Ron Self debuts with Chief Development Officer Dr. Roderick Sams

ATLANTA, June 18, 2026 /PRNewswire/ — CENTEGIX, the leader in incident response and everyday safety solutions protecting more than 18 million people across 50 states, today announced the launch of The Safety Signal, a new podcast dedicated to the people, innovations, and conversations redefining what it means to feel safe at work.

Safety is earned in the moments most people never see. The Safety Signal brings you the people who live those moments, trading worst-case theory for what actually works.

Hosted by CENTEGIX Chief Marketing Officer, Robb Monkman, alongside co-host, Ron Self, a nationally recognized school safety leader, each episode bridges the gap between crisis and connection, bringing together educators, healthcare leaders, safety experts, and innovators to explore safety not just as a crisis response, but as a driver of culture, retention, trust, and organizational improvement.

“We are not just talking about technology,” said Monkman. “We are talking about the teacher who can focus on her students. The nurse who can focus on her patients. The leader who can focus on their people. That is what safety looks like when it actually works.”

Debut Episode: Safety as a School Improvement Issue

The first episode of The Safety Signal is available now, featuring CENTEGIX Chief Development Officer Dr. Roderick Sams, known to colleagues and partners as Rocky. A former award-winning principal, teacher, and coach, Dr. Sams brings a career built in classrooms and school buildings to a conversation about why safety sits at the center of every school improvement challenge facing leaders today.

Topics covered in the debut episode include the real cost of teacher turnover, the downstream impact of unsafe environments on enrollment and community trust, and what school leaders wish they had known sooner.

“Success is determined by where you end, not where you start,” said Dr. Sams. “Safe schools give every student and every educator a fighting chance at that.”

Where to Listen

The Safety Signal is available now at:

Website: https://www.centegix.com/resources/the-safety-signal-podcast
YouTube: https://www.youtube.com/watch?v=GJZvrdMqaTg
Spotify: Available now
Apple Podcasts: Available now
Amazon Music: Available now

Available wherever you get your podcasts.

About CENTEGIX

CENTEGIX is the leader in rapid incident response and everyday safety solutions, protecting more than 18 million people across 18,000+ locations in 50 states. The CENTEGIX Safety Platform, including CrisisAlert wearable panic buttons, Safety Blueprint critical incident mapping, Visitor Management, and Reunification, gives organizations the tools to plan for and respond to any emergency, from the everyday to the extreme. CENTEGIX serves K-12 and higher education, healthcare, government, commercial, and public safety organizations nationwide. CENTEGIX is backed by Charlesbank Capital Partners and Gauge Capital.

For more information visit www.centegix.com

CONTACT: marketing@centegix.com

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ICON International Launches Content and Entertainment Solution, Establishing New Pathways for Brand-Funded Film and Television

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Industry Veteran Aaron Tabas to Lead Offering with First Wave of Partnerships Including Imagine Entertainment, Pro Shop and more

STAMFORD, Conn., June 18, 2026 /PRNewswire/ — ICON International, the media-backed financial solutions company, today announced the official launch of its Content and Entertainment solution, a new practice dedicated to solving the industry’s most persistent challenges in content funding, production, and distribution. ICON will debut the offering this month at the Cannes Lions International Festival of Creativity (June 22–26), where its executives will meet with brands, agencies, and producers to discuss how the new practice is rewriting the economics of brand-funded entertainment.

The new offering, led by industry veteran Aaron Tabas, has already established strategic partnerships with leading talent agencies, creators, and distributors. Leveraging ICON’s core strength as a media and financial solutions partner, the new offering gives brands, creators, and distributors access to innovative, flexible financing structures that make content initiatives more streamlined, cost-effective, and impactful.

“ICON has always sat at the intersection of media, content, and advertising,” said Reid Steinberg, EVP, Media Director at ICON International. “This new offering formalizes what we have long done best—connecting brands with culture through financial expertise and strategic partnerships.”

Three Core Solutions for Content Financing and Distribution
ICON’s Content and Entertainment solution offers partners three proprietary funding models:

Working Media Solution: ICON unlocks funding for a brand’s content initiatives by creating added value around its existing media investments.Media Trade Solution: ICON funds content projects on behalf of brands and distributors in exchange for future advertising inventory.Independent Financing: ICON serves as a traditional film and television financier, bringing its brand and distributor relationships and marketing expertise to the table alongside capital.

“Working with ICON has changed how we think about brand partnerships,” said Marc Gilbar, President of Brands, Partnerships & IP at Imagine Entertainment. “They came to the table not just with financing, but with a deep understanding of what it takes to make engaging content. ICON has given filmmakers and brands a new roadmap to making their most ambitious projects possible.”

Projects at Launch
From documentary film to scripted prestige television to indie features and viral social content, ICON has already assembled a diverse portfolio of projects that demonstrates the full range of what its funding and distribution models can offer clients. Across each, the throughline is bringing together best-in-class creative partners and giving them the resources to tell stories at the highest level.

Amelia, Feature Documentary in Partnership with CNN Films, Imagine Documentaries, Storyville Films and produced in association with ICON and Sandbox Films: ICON is a core funding partner on Amelia, a feature documentary billed as the definitive portrait of Amelia Earhart. Produced by CNN Films, Imagine Documentaries and Storyville Films, directed by Academy Award Nominated and Emmy-Winning Julie Cohen and Betsy West and set to air on CNN, the project represents the kind of premium, culturally significant content ICON was built to support. The partnership was brokered by CAA Media and Entertainment Partnerships and signals the caliber of relationships the solution brings to the table.The Artist, Limited Series in Partnership with The Network: ICON’s reach extends to scripted prestige television with The Artist, the Gilded Age murder mystery limited series from creator Aram Rappaport featuring an ensemble cast that includes Mandy Patinkin, Janet McTeer, Patti LuPone, Hank Azaria, and Zachary Quinto. ICON funded the program for The Network, the free, ad-supported streaming platform demonstrating the model’s ability to support not only individual titles but the platforms that distribute them. The Artist premiered on The Network over the 2025 holiday season and is streaming now at thenetwork.stream.Social Content Series, in Partnership with Dude Wipes and Pro Shop: ICON executed a social content series for DUDE Wipes in partnership with Pro Shop, a leading golf media company. The series, executed by Skratch Golf with its unique media rights, featured the PGA TOUR’s best players navigating pressure-packed on-course situations during one of the year’s most attended events, the Waste Management Phoenix Open. The program generated more than 3 million views across Skratch Golf’s media channels and exceeded engagement benchmarks.dAte, an Independent Feature Film: ICON is also putting its Independent Financing model to work on dAte, an indie horror film currently in production with Squid Farm Productions. The project showcases ICON’s role as a traditional film financier pairing capital with the brand relationships and marketing expertise that independent filmmakers rarely find in a funding partner.

“What we’ve built is a fundamentally different way for brands and creators to work together,” said Aaron Tabas, who leads ICON’s Content and Entertainment solution. “The projects we’re bringing to Cannes reflect what’s possible when you remove the financial friction from the creative process. We’ve partnered with some of the best producers, agencies, and distributors in the business, and we’re just getting started.”

ICON at Cannes Lions
ICON’s Content and Entertainment team, led by Tabas, will be on the ground at the Cannes Lions International Festival of Creativity, June 22–26, meeting with brands, agencies, producers, and distributors to discuss partnership and financing opportunities.

About ICON International
ICON International is a media-backed financial solutions partner that transforms underutilized resources into measurable growth. With the trust of over 350 organizations, ICON combines strategic know-how, creativity, financial expertise, and unmatched media partnerships to create enterprise value for its clients. For more information, visit www.iconinternational.com.

Media Contact: iconinternational@jainepr.com

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