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What is the Forecasted Expansion Rate of the AI in Fashion Market Over the 2025–2034 Period?

The market size for AI in fashion has seen a tremendous increase lately. It is anticipated to expand from $1.26 billion in 2024 to $1.77 billion in 2025, showcasing a compound annual growth rate (CAGR) of 40.4%. The past growth is credited to the implementation of visual search and recognition strategies, supply chain improvements, virtual fitting applications, fraud identification, and sustainable practices.

In the impending years, the market size of AI in fashion is anticipated to experience tremendous growth, with a projection to reach $6.99 billion by 2029. This growth, at a Compound Annual Growth Rate (CAGR) of 41.0%, is expected due to the introduction of factors such as voice-activated shopping, predictive trend analysis, and dynamic pricing strategies. During the forecast period, the primary trends are expected to be the virtual try-on experience, personalized suggestions, style recognition using computer vision, chatbots and virtual assistants, and optimization of the supply chain.

What Factors Are Propelling the Growth of the ai in fashion Market from 2025 to 2034?

The ascension of social media’s impact on the fashion sector is propelling the advancement of AI in the fashion market. The fashion industry considers social media as a paramount spring of data, given the diverse views and information it garners. Today’s fashion largely hinges on brand publicity and style influencers who utilise social media to project their fashion perspectives. For example, based on data from the Influencer Marketing Hub, a platform dedicated to social media influencers, the market size of influencer marketing is projected to escalate from $9.7 billion in 2020 to $13.8 billion in 2021. The surging fondness for brief video formats on networks like TikTok, Facebook, and YouTube, together with the global pandemic’s effect on consumer habits, which amplified social media usage, and the streamlining of data gathering utilised for social media ads, are all elements driving this growth. Hence, this escalating influence of social media is propelling the expansion of the AI in fashion market.

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Who Are the Leading Organizations Fueling the Expansion of the AI in Fashion Market?

Major companies operating in the AI in fashion market include:

• Alphabet Inc._x000D_

• Microsoft Corporation_x000D_

• Meta Platforms Inc_x000D_

• Huawei Technologies Co. Ltd._x000D_

• Amazon Web Services Inc._x000D_

Which Cutting-Edge Trends Are Expected to Drive the AI in Fashion Market’s Growth?

Major players in the AI fashion domain are concentrating on creating machine learning capabilities such as AI platforms that enhance personalization, streamline supply chains, and optimize inventory. The principal aim of these technological advancements is to augment the customer experience and promote sustainability within the sector. An AI platform generally encompasses an all-inclusive environment, offering essential resources and tools for creating, managing, and deploying artificial intelligence applications. This usually includes computational resources, deployment services, development frameworks, and data management. For example, in October 2023, Mango, a Spain-based discount store company, unveiled a platform named Lisa. Lisa, Mango’s conversational and generative AI platform, simplifies procedures and magnifies user experience by offering immediate assistance in design, trend assessment, and customer service. It functions as a support system for employees, propelling efficiency and innovation as an integral part of the company’s digital transformation plan.

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Which Industry Segments Are Leading the Development and Expansion of the AI in Fashion Market?

The AI in fashion market covered in this report is segmented –

1) By Category: Apparels, Accessories, Footwear, Beauty And Cosmetics, Jewelry

2) By Deployment Mode: Cloud, On-premise

3) By Components: Solution, Services

4) By Application: Customer Relationship Management, Virtual Assistants, Product Recommendation, Product Search And Discovery, Supply Chain Management And Demand Forecasting, Creative Designing And Trend Forecasting

5) By End Users: Fashion Designers, Fashion Stores

Subsegments:

1) By Apparels: Smart Clothing, Customizable Fashion, Virtual Fitting Rooms

2) By Accessories: AI-Powered Handbags and Bags, Wearable Tech Accessories, Personalized Jewelry Recommendations

3) By Footwear: Custom Fit Solutions, AI-Driven Footwear Design, Smart Shoes with Tracking Capabilities

4) By Beauty And Cosmetics: Virtual Makeup Try-Ons, Personalized Skincare Solutions, AI-Based Color Matching Tools

5) By Jewelry: Virtual Try-On Solutions, Custom Design Tools, AI-Driven Recommendations Based On Trends And Preferences

Which Regions Are Most Influential in Expanding the AI in Fashion Market?

North America was the largest region in the AI in fashion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI in fashion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the AI in Fashion Market Include?

AI-in fashion refers 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, others.

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