The Virtual Shopping Assistant market is estimated to be valued at US$ 624.7 Million In 2023 and is expected to exhibit a CAGR of 32.8% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Virtual Shopping Assistants are AI-powered tools that provide personalized recommendations and assistance to online shoppers. These assistants use natural language processing and machine learning algorithms to understand shopper preferences and suggest relevant products or services. They enhance the overall shopping experience by offering real-time support, answering queries, and providing detailed product information. Virtual Shopping Assistants are widely used in the e-commerce industry, helping retailers increase customer engagement, improve conversion rates, and boost sales.
Market Dynamics:
The Virtual Shopping Assistant market is primarily driven by the increasing adoption of AI technology in the retail sector. With the rapid growth of e-commerce, retailers are leveraging AI-powered tools to provide personalized and interactive shopping experiences. Virtual Shopping Assistants enable retailers to understand customer preferences, offer recommendations, and provide real-time assistance, thereby enhancing customer satisfaction and loyalty.
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