The European AI in e-commerce market is projected to grow at a CAGR of 25.3% during the forecast period (2019-2025). The market covers the analysis of major economies including the UK, Germany, Italy, Spain, France, and the Rest of Europe. UK dominated the market in 2018 and growing at a CAGR of 25.5% during the forecast period.
The well-developed e-commerce industry and growing automation are driving the growth of AI in e-commerce industry in the country. An increase in the e-commerce industry surges the demand for warehouses which will lead to the adoption of AI in e-commerce in the warehouses’ facilities to increase efficiency.
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Moreover, in 2018, UK ranked 7th out of 86 countries in the global inclusive internet index which depicts the easy affordability, availability, and relevance for internet users in the country. As per Eurostat 2018, over 81% of the total shoppers were e-shoppers in UK.
Market Coverage
- Study Period- 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- 2018 Market Value- $280 Million
- CAGR (2019-2025)- 25.3%
- Segments Covered- By Application
- Regions Covered- UK, Germany, Italy, Spain, France, and the Rest of Europe
- Key Companies Profiled- Amazon.com Inc., IBM Corp., Crobox B.V., and Deepomatic SAS.
- Start-Ups- Tinyclues, Teemo, Nextail, REXai, Qubit, CallSign, Ometria, and Decibel Insight
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European AI in E-commerce Market – Segmentation
By Application
- Pricing & Promotion
- Supply Chain Management
- Marketing
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
