Artificial Intelligence In Fashion Market Size to Hit US$ 4,391.7 Mn by 2027
"The latest Artificial Intelligence In Fashion Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Artificial Intelligence In Fashion Market.
The Artificial Intelligence in fashion market is anticipated to account to US$ 270.0 Mn in 2018 and is expected to grow at a CAGR of 36.9% during the forecast period 2019 – 2027, to account to US$ 4,391.7 Mn by 2027.
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Major Key players covered in this Artificial Intelligence In Fashion Market report-
Adobe Inc.
Alphabet Inc. (Google)
com, Inc.
Catchoom
Facebook Inc.
Huawei Technologies Co., Ltd.
IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
The availability of a large amount of data originating from different data sources is one of the key factors driving the growth of AI technology across the fashion industry. The proliferation of easy availability of the internet, smart devices, the advancement of technology, and others are some of the major reasons for the exponential increase in data generation. The RFID and Bluetooth implementation to locate products and gather information is also increasing exponentially in the fashion industry. Moreover, the voice-enabled chatbots such as Amazon Alexa and Apple Siri are continuously generating an enormous amount of data every second. By using these conversational solutions, fashion brands collect data by asking customer’s requirements, trends, and diving deeper into the purchase pattern.
This evolution in digitization presents a huge opportunity for fashion businesses to utilize the huge volumes of user/process data to gain useful insights. The paradigm shifts of fashion companies embracing digitalization has reaped greater benefits for the enterprises and resulted in more revenue generation opportunities. Also, with the advancement in computing and storage technology, computing power has increased multi-fold during the last decade. This has created new opportunities for managing and computing the big sets of data, and when coupled with AI technology, useful business and customer insights can be gained. With AI applications like machine learning and deep learning, fashion companies have a tremendous opportunity to harness the data available for useful insights and thus increasing their revenue.
The scope of the Artificial Intelligence In Fashion Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Artificial Intelligence In Fashion in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Artificial Intelligence In Fashion, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
MARKET SEGMENTATION-
Artificial Intelligence in Fashion Market – By Offerings
Solutions
Services
Artificial Intelligence in Fashion Market – By Deployment
On-premise
Cloud-based
Artificial Intelligence in Fashion Market – By Application
Product Recommendation
Virtual Assistant
Product Search and Discovery
Creative Designing and Trend Forecasting
Customer Relationship Management
Others
Artificial Intelligence in Fashion Market – By End-User Industry
Apparel
Accessories
Cosmetics
Others
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market
Artificial Intelligence In Fashion Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
