The European AI in e-commerce market was valued at $280 million in 2018 and is growing at a CAGR of 25.3% during the forecast period. The growing e-commerce industry, increasing cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of AI in e-commerce market in the region.

 The European AI in e-commerce market is segmented on the basis of application into pricing & promotion, supply chain management, marketing, and others such as demand prediction & optimization. The marketing segment held the highest share in 2018 owing to the growing convergence of analytics in marketing to encourage operational efficiency while improving the customer experience. Based on geography, the North American AI in e-commerce market is further segregated into the UK, Germany, Italy, Spain, France, and the Rest of Europe. Among geography, the US is projected to have a considerable share in the North American AI in e-commerce market.  The UK is expected to be the largest market in Europe.

The companies which are contributing to the growth of European AI in e-commerce market include Amazon.com Inc., IBM Corp., Crobox B.V., Deepomatic SAS, and others. In addition, the region has a huge number of start-ups working in the field of AI in e-commerce and securing significant funding. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the European AI in e-commerce market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for AI solution providers, e-commerce companies, logistic service providers, software vendors, system integrators, investment companies, government organizations, and other market participants for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market delivering insights into the market for making better business decisions.

Market Segmentation

1. European AI in E-commerce Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European AI in E-commerce market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European AI in E-commerce market.
• Insights about market determinants that are stimulating the European AI in E-commerce market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.