Global AI in Fashion Market Size, Forecasts, And Opportunities – Includes AI in Fashion Industry
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The global AI in fashion market is expected to grow from $0.47 billion in 2021 to $0.65 billion in 2022 at a compound annual growth rate (CAGR) of 40.0%. The global AI in fashion market size is expected to grow to $2.66 billion in 2026 at a CAGR of 42.1%.
The growing influence of social media on the fashion industry is driving the growth of AI in fashion market.
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The AI in fashion market consists of sales of AI in fashion by entities (organizations, sole traders, partnerships) that refer to an advisor that is being used to recommend clothes based on the customer’s height, weight, shape, and current size. AI in fashion is used in product recommendation, product search and discovery, supply chain management and demand planning, creative designing and trend forecasting, customer relationship management, virtual assistant, and others.
Global AI In Fashion Market Segments Include:
By Category: Apparels, Accessories, Footwear, Beauty and Cosmetics, Jewellery
By Deployment Mode: Cloud, On-premise
By Components: Solution, Services
By Application: Customer Relationship Management, Virtual Assistants, Product Recommendation, Product Search and Discovery, Supply Chain Management and Demand Forecasting, Creative Designing and Trend Forecasting
By End Users: Fashion Designers, Fashion Stores
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global AI in fashion market in 2021.
Machine learning is shaping the AI in fashion market. Machine learning is a part of artificial intelligence that defines the capabilities of the machine to copy human behavior. A machine can understand, visualize, and perform an action that helps in providing better information and suggestions to customers according to their behavior.
TBRC’s AI In Fashion Market Report Covers:
Major Market Players: Microsoft, IBM, AWS, SAP, Facebook, Adobe, Oracle, Catchoom, Huawei, Wide Eyes, FindMine, Intelistyle, Lily AI, Pttrns.AI, Syte, mode.AI, Stitch Fix, and Alphabet Inc. (Google).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The AI in Fashion Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides AI in fashion market overviews, analyzes and forecasts market size, share, AI in fashion market players, AI in fashion market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s AI in fashion market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
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