AI in Fashion Market Size, Share, Industry Analysis, Segmentation, Competitive Landscape, Trends, Key Players and Forecast 2021-2025

 End-user Reliance on E-commerce Platforms and Social Media Activities Prompt AI Integration in Fashion Market

AI in fashion market is a fast-growing industry and is anticipated to draw substantial investor interests in the coming years, finds new investigative research by Adroit Market Research.

Advances in the e-commerce and online retail channels have boosted analytics-based decision-making by systematically gauging customer preferences and expectations. Fashion industry is fast embracing analytics-based product diversification, aligning with end-user preferences, which are ensuring a lucrative growth outlook for AI in fashion market.

Data mining of essential customer data, tracking, and in-depth AI-based analytics have emerged as the latest marketing practice that allows market participants to have more clarity about buyer browsing habits, choices, and subsequent purchase decisions. Based on this intensive research market participants in global AI in fashion market are investing towards stronger tool developments and feature integration to ensure the best results.

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The global AI in Fashion market size is anticipated to reach USD 1,639 million by 2025. In addition, it is expected to exhibit a CAGR of nearly 38% during the forecast period 2018-2025. The fashion industry is dynamic as the fashion trends keep changing every time. The everyday new range of patterns and designs come to the market that sets new fashion trends. Also, fashion retailers and designers always need to keep updated with such vastly changing styles. Hence, artificial intelligence retailers can analyze such trends and customers based on their preferences and choices and target the market accordingly.

Cloud-based Deployment Emerging as a Dominant Trend Setter for Meticulous Inventory Management

In recent times, backed by hyper pervasive social media influence, novel marketing strategies aligning with social media tools and end-user access to such platforms have encouraged players in AI in fashion market are developing new growth strategies such as influencer marketing to deliver more personalized offerings. AI in fashion industry also helps players to determine futuristic trends that would remain crucial in deciding the growth trajectory.AI remains highly integral in such deep analytical practices to understand industry dynamics in entirety.

Market participants eying long-term sustainability in fashion industry are gradually encouraging cloud-based AI capabilities and ML integration to ensure improved inventory management with real-time gauge and insights, thus further enabling better availability and preparedness for large-scale demands during peak seasons and sales.

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Additionally, cloud-based analytics also plays a crucial role in determining exact customer preferences, thus supporting tailor-made product development for customized use.

The major players of the global AI in the fashion market are Adobe, IBM, Oracle, SAP, Amazon Web Services, Catchoom, Facebook, Google, Microsoft, and Intelistyle. Moreover, the other prospective players in the AI in the fashion market are Huawei Technologies Co., WIDE EYES TECHNOLOGIES, Heuritech, Site, and PTTRNS.AI. The recognized companies are coming up with innovative and new AI in fashion solutions. AI in the fashion market comprises well established local as well as global players. In addition, the already recognized market players are coming up with new innovative tools, platforms, and services to stay competitive in the global market.

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Segment Overview of Global AI in Fashion Market

Category Overview, 2018-2025 (USD Million)

• Accessories
• Beauty & Cosmetics
• Jewelry & Watches
• Apparel
• Footwear
• Others

Application Overview, 2018-2025 (USD Million)

• Creative Designing and Trend Forecasting
• Virtual Assistant
• Customer Relationship Management
• Product Recommendation
• Supply Chain Management and Demand Planning
• Others

End Users Overview, 2018-2025 (USD Million)

• Fashion Stores
• Fashion Designers

Regional Overview, 2018-2025 (USD Billion)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa

• South America
  • Brazil
  • Rest of South America

What does the report include?

• The study on the global AI in fashion market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the AI in fashion industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented based on category, application, and end-users. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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