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Home > Resources > Infographics > AI in Retail Statistics

AI in Retail Statistics

AI in Retail infographic showing the projected total retail spend on Machine Learning in 2023, as well as the projected annual software spend on AI demand forecasting compared to 2018, as forecast by Juniper Research in our report, AI in Retail: Segment Analysis, Vendor Positioning & Market Forecasts 2019-2023.

It also shows that:
• Retail machine learning spend will grow 230% between 2019 and 2023
• 325,000 retailers will be using machine learning in some form by 2023
• Smart Checkout technologies will facilitate 1.4 billion transactions in 2023

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