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Emerging technologies like blockchain, cryptocurrency, and artificial intelligence are consistently seeing growth as more investors enter the space as this technology proves its worth.
However, this growth has been quite significant lately, and it is predicted to be much more, according to a press release.
According to a new report, retail investments in artificial intelligence is projected to reach around $14.7 billion by 2026. This is up a massive 32.7% from 2020, which is only $2.7 billion for now.
This money will eventually bleed into other technologies as well, such as blockchain, supply chain, and data conversion, among other things. An excerpt from the report:
“This report focuses on global Artificial Intelligence(AI) in Retail market size, status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Artificial Intelligence(AI) in Retail development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.”
All of these retail chains investing in this technology expect it to bring in a high ROI and increase their supply chains on top of this.
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