Highlights. Most online retailers (80%) use artificial intelligence (AI) technology in their e-commerce operations either fully or experimentally.
- Worldwide, the AI e-commerce market will be worth $22.91 billion in 2033; in 2025, it is worth $4.64 billion.
- The market for AI in retail will be worth $51.5 billion in 2030; e-commerce will represent 24.3% of the market.
- Retail chatbots increase sales by 67% while AI personalization boosts revenue by up to 40%.
- 74% of consumers prefer to direct queries to chatbots instead of human customer service agents.
eCommerce AI Adoption Statistics
Major retailers like Amazon and Walmart are also market leaders in e-commerce AI integration.
- In 2023, 33% of retailers had fully implemented AI into their e-commerce operations.
- 47% of business-to-consumer brands were experimenting with AI for e-commerce in 2023.
- Just 3% of retailers had no plans to implement AI in e-commerce operations.
- Worldwide, retailers spent $19.71 billion on AI technology in 2023.
- Retailer investment in AI represents 12.8% of global AI spending.
- AI facilitated 15% of all customer service interactions worldwide in 2021.
- 81% of business-to-business companies or wholesalers have fully or experimentally implemented AI.
AI Index Rank | Retailer | FY2024 Revenue (in billions) |
---|---|---|
1 | Amazon | $637.96 |
2 | Walmart | $648.13 |
3 | Stitch Fix | $1.34 |
4 | eBay | $10.28 |
5 | Wayfair | $11.85 |
eCommerce AI Revenue Statistics
Between 2025 and 2033, the AI e-commerce market will grow by $18.273 billion to nearly five (5) times its current value.
- The worldwide AI market was worth an estimated $3.804 billion in 2024, up 18.2% year-over-year (YoY).
- AI e-commerce revenue grows at an average annual rate of 18.9%.
- Machine learning accounts for 33.7% of the market for AI in retail.
- The market for AI in retail is valued at $9.65 billion in 2024.
- Chatbots alone earned $9.4 billion in 2024.
- From 2019 to 2024, the chatbot industry grew at an average annual rate of 29.3%.
eCommerce AI Consumer Statistics
Consumers find AI most helpful for locating products and services online.
- 58% of consumers prefer to use AI tools instead of traditional search engines in 2025, up from 25% in 2023.
- 28% of Americans consider AI a positive force in customer service;
- 25% of consumers prefer to shop with AI.
- 34% of Americans believe AI has a negative impact on customer service experience while 37% are unsure what impact it has.
- 74% of consumers using voice-based AI have completed some part of the retail buying process with a conversational voice assistant.
- 69% of consumers report positive experiences with chatbots.
- 68% of consumers appreciate the speed of chatbots.
- 62% prefer a chatbot to a human being.
- AI increases e-commerce customer retention by 10% to 15%.
- 88% of consumers would use some form of AI to aid their holiday shopping; 73% would like AI help finding coupons or discounts.
AI Consumer Sentiment
While improved customer experience is usually a primary motivator for its implementation, many consumers are still wary of AI’s capabilities.
- In 2025, 71% of consumers support AI-integration in retail.
- 46% of consumers express enthusiasm about AI’s impact on the shopping experience.
- Consumer satisfaction for generative AI was 37% in 2024, down 9.76% from 2023 (41%).
- 88% of responding Americans expressed concern about AI as a part of daily life in 2023; for 52%, the concerns outweighed any excitement.
- In 2021, 82% of Americans expressed concern about AI in daily life; 37% said concern outweighed excitement.
- The share of Americans expressing excitement about the possibilities of AI in everyday life declined from 18% in 2021 to 10% in 2023.
Retail AI Adoption Statistics
Retail businesses are most likely to adopt AI for marketing and sales purposes.
- 84% of global retailers consider AI implementation in store operations a top priority.
- 40% of companies involved in the retail market have fully or partially implemented some form of AI technology.
- 69% of retailers who have implemented AI report revenue increases that can be directly traced to their use of AI; 72% used AI to reduce costs.
- 42% of retailers use conversational AI for customer service; a further 48% plan to do so by 2026.
- 32% of consumer goods and retail businesses use AI virtual agents in some capacity.
- 27% of retail businesses use AI with Natural Language (NL) text understanding (i.e., chatbots).
- 3.4% of retail businesses regularly use AI in production of goods or services.
- 2% of consumer goods and retail businesses use AI for strategy and corporate finance.
Retail AI Adoption Challenges
Among retailers that have not fully integrated AI, some face obstacles that hinder AI solutions.
- 53% of retail managers and employees cite data security and privacy concerns as a primary obstacle to AI; 44% of CEOs agree.
- 43% of retail employees blame a lack of awareness or expertise for failures in implementation; 28% of CEOs agree.
- 32% of retail employees find a lack of infrastructure hinders AI implementation; 17% of CEOs agree.
- 39% of retail CEOs identify financial risk as an obstacle to AI integration; 21% of employees agree.
- Retail CEOs blame negative experiences with AI for failures in implementation more than twice as often as employees do.
AI Economic Statistics
AI contributed $289.4 billion to the global economy in 2024; projections for 2025 indicate growth to $558.8 billion.
- The AI economy grows 93.1% annually.
- AI’s market share of the global economy will be $15 trillion by 2030.
- AI contributed $20.82 billion to the global economy in 2020.
- The U.S. market for AI was valued at $42 billion in 2023.
- By 2030, the U.S. AI market will be worth $387.0 billion.
- 15,000 businesses in the U.S. engage with the AI economy.
- The United Kingdom is the second-leading AI integrator with 8,900 companies.
AI Implementation Statistics
Businesses tend to overestimate how far behind they are in terms of AI integration.
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- 89.6% of Fortune 1000 companies are increasing investments in generative AI.
- 92.1% of companies that invest in data and AI see a return on their investment.
- By 2026, over 80% of businesses will use AI in their brand mobile applications (apps).
- The rate of businesses launching AI apps will have grown by 1,709% from 2023 to 2026.
- Among businesses that have not implemented AI, 49% report difficulty quantifying the value of AI.
- In 2019, 37% of businesses had implemented AI.
- From 2015 to 2019, the number of businesses using AI increased 270%.
- AI improved efficiency and reduced costs in 54% of companies.
The Capital One Shopping team compiled these data and insights based on publicly available data.
Sources
- U.S. Census Bureau, Business Trends and Outlook Survey Data
- Stanford University, Artificial Intelligence Index: Annual Report
- Science Direct, Journal of Retailing and Consumer Services
- Statista, Industry Overview
- Pew Research Center, Emerging Technology: Artificial Intelligence
- Lily AI, Retail AI Index
- Capgemini Research Institute
- Market.us, Global AI in Ecommerce Market by Deployment
- Meticulous Research, AI in E-commerce Market by Technology
- MarketResearch.biz, Global Generative AI in E-commerce Market
- U.S. Securities and Exchange Commission, EDGAR
- Gartner, Newsroom
- Grandview Research, Artificial Intelligence Market Size
- Wavestone, News: Press Releases
- Adobe Resource Center