Artificial intelligence, is the technology which comes closest to human intelligence in terms of making certain decisions. Artificial intelligence (AI) has undoubtedly revolutionized all the industries including fashion. The fashion industry which was being driven by actors, models and make up companies is now rapidly en-cashing the AI technology to understand the dynamic market and the psyche of consumers. Right from forecasting trends to understanding scalability of any new product, the AI technology is now extensively being used by fashion companies.
Get PDF sample report with related graphs & charts (Pre & post COVID-19 impact analysis): https://www.absolutemarketsinsights.com/request_sample.php?id=1195
Not all the customers are same, hence each one of them is most likely to have different demands. Specifically in the age of customizations, artificial intelligence rightly serves fashion industry to come up with relevant strategies. Similarly, management of inventory is a big task, especially for larger organizations and this problem of theirs is now easily being taken care of by the AI. While the internet has changed the world, social media has definitely played a big role in it. Rising influence of social media is rightly capitalized by the fashion industry and AI helps them to track and analyze the consumer surfing pattern to come up with new trendy products. This is rampantly driving the growth of the global AI in fashion market.
The progress that is being made by this market faces hindrance in the form of compatibility. This latest technology is not compatible with age-old devices/ systems and this makes its integration a costly affair. This is likely to dent the growth of the global AI in fashion market growth at present.
Irrespective of all the hurdles, the growth of the Global AI in Fashion Market is forecasted to witness massive growth over the period of next few years because of the variety of services this technology provides to the fashion industry. Along with streamlining business procedures, AI helps identify future trends, study consumer’s behavioral pattern and many other things.
Speak to our analyst in case of queries before buying this report: https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=1195
Key Takeaways - Global AI in Fashion Market:
- Global AI in fashion market was valued at US$ 982.45 Mn in 2021 and is growing at an estimated CAGR of 40.9% over the forecast period (2022 – 2030).
- Courtesy of its recurring nature of revenue generation, the services segment of the global AI in fashion market is forecasted to witness growth at the fastest rate.
- With the help of AI technology, retailers can now easily create new designs, make personalized recommendation and forecast fashion trends.
- Clothing/ apparel segment makes most of the money for the e-commerce websites, and this segment of the fashion industry is largely benefitted by the use of AI.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the global AI in fashion market. Fast adoption of latest AI technology, even by small and medium sized organizations in countries like China and India is driving the growth of this market in the region.
Request for customization to meet your precise research requirements: https://www.absolutemarketsinsights.com/request_for_customization.php?id=1195
Few of the major players operating in the global AI in fashion market are listed below:
- Adobe
- AWS
- Heuritech
- IBM
- Kloud9
- Lily AI
- Mad Street Den Inc
- Microsoft
- Oracle
- SAP SE
- Stylumia Intelligence Technology Pvt Ltd
- Others
View our exclusive press releases on Industry Global News24
Global AI in Fashion Market
By Component
- Solutions
- Services
By Application
- Fashion trend forecasting
- Spotting winning products and Automatic Tagging
- Demand forecasting
- Similar Recommendations and Visual Search
- Inventory optimization across the value chain
- Customer Experience Management and Retail Automation
- Content Management
- Localizing assortment for a store
- Others
By Organization
- Startups
- Small and Medium Organizations
- Large Organizations
By Category
- Apparel
- Accessories
- Footwear
- Beauty and Cosmetics
- Others
By End User
- Designers
- Manufacturers
- Retailers
- Planners
- Market researchers and Merchandisers
- Category Heads
- Store Frontend Employees/ Fashion stores
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Purchase the latest in-depth AI in Fashion Market Report @ https://www.absolutemarketsinsights.com/checkout?id=1195
Browse more trending reports by Absolute Markets Insights:
- Artificial Intelligence (AI) In Stock Trading Market - https://www.absolutemarketsinsights.com/reports/Global-Artificial-Intelligence-AI-in-Stock-Trading-Market-2022-%E2%80%93-2030-1111
- LegalTech Artificial Intelligence Market - https://www.absolutemarketsinsights.com/reports/LegalTech-Artificial-Intelligence-Market-2021---2029-954
- Artificial Intelligence (AI) In Genomics Market - https://www.absolutemarketsinsights.com/reports/Artificial-Intelligence-AI-in-Genomics-Market-2021---2029-896
Glance through Absolute Markets Insights plethora of reports on Information & Technology category.
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Contact Us:
Contact Name: Shreyas Tanna
Company: Absolute Markets Insights
Email Id: [email protected]
Phone: IN +91-7400-24-24-24, US +1-510-420-1213
Website: www.absolutemarketsinsights.com