The integration of Artificial Intelligence in Cross-Border E-Commerce
Authors/Creators
- 1. HOD & Assistant Professor. Dept. of Commerce (UG&PG). Prabhat Kumar College. Contai. West Bengal
Contributors
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Description
Abstract
In present day’s international trade, Cross-Border E-Commerce (CBEC) plays a crucial role. With the development of artificial intelligence (AI) technology, essential changes were emerged in CBEC business flow. The Cross-Border E-Commerce artificial intelligence market size is valued at USD 7.25 billion in 2024 and is estimated to reach around USD 64.03 billion by 2034, growing at a CAGR of 24.34 per cent from 2024 to 2034. The market for Global Cross-Border E Commerce is rising at a high growth rate chiefly because of increasing internet and smartphone penetration worldwide. NLP applications comprise real-time translation of product descriptions, customer feedbacks and reviews, and website content, making contributions accessible to a global audience. ML is the engine behind many of the developed capabilities driving cross-border e-commerce, chiefly in predictive analytics and personalization. Computer Vision, a branch of AI that allows computers to "see" and interpret images and videos, is considerably enhancing cross-border e-commerce. This technology is transforming how products are presented and how quality is continued throughout the supply chain. This paper points out Companies operating AI in E-commerce Market, CBEC AI market size from 2023 to 2024, and role of AI in CBEC market.