Asia-Pacific AI in e-commerce market is projected to grow at a CAGR of 26.7% during the forecast period. China, India, and Japan are the major economies contributing to the growth of the AI in e-commerce industry in the Asia-Pacific region. China dominated the market in 2018 and is projected to exhibit the highest CAGR of 27.4% during the forecast period.
China’s e-commerce industry is huge, growing fast, and witnessing a growth in online sales from domestic retailers. The combination of overseas travel, increased internet usage, exposure to foreign brands as well as surging demand for foreign products from Chinese consumers is some of the major factors driving the e-commerce industry in China.
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The growing e-commerce industry has led to an increase in investment of e-commerce market players over the implementation of advanced technologies, such as AI, to enhance the customer experience. For instance, in July 2018, Alibaba embedded AI in its digital infrastructure to redefine the shopping experience of online shoppers and merchants in China.
Market Coverage
- Study Period- 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- 2018 Market Value- $385 Million
- CAGR (2019-2025)- 26.7%
- Segments Covered- By Application
- Regions Covered- China, Japan, India, and the Rest of Asia-Pacific
- Key Companies Profiled- Amazon.com Inc., IBM Corp., Appier Inc., and ViSenze Pte Ltd.
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?
Asia-Pacific AI in E-commerce Market – Segmentation
By Application
- Pricing & Promotion
- Supply Chain Management
- Marketing
- Others
A full report of Asia-Pacific AI in E-commerce Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-ai-in-e-commerce-market
