Integration of Artificial Intelligence (AI) in Fashion Design and Retail to Drive Global AI in Fashion Market to Reach


AI in Fashion Market size is expected to grow at 40.5% throughout the forecast period, reaching nearly US$ 6.57 Bn by 2029.

AI in Fashion market

Market Overview

The  AI in Fashion Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides AI in Fashion market drivers and restraints.

The research analyst, Ms. Dharati Raut has said the hat APAC region is a lucrative opportunity for manufacturers for the next ten years. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of economic growth.

Enterprise, governance, risk, and compliance (AI in Fashion) is a system of combination which get together repositories for risks, controls, assessments, and policies, laws and regulations, etc. among compliance officers, risk managers, business owners and auditor. Drivers of the AI in Fashion market are, Compliance and regulatory mandates. Increasing business collaboration and rising use of data. Changing structure of regulatory policies is the major restrains of the AI in Fashion market. Opportunities are rising the market for cloud based business and growing investment in AI enables AI in Fashion solution.


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Market Scope

During the forecast, the AI in Fashion market is developing at a stable rate between 2022 and 2029. Due to the efforts of industry participants, the market is forecast to grow significantly between 2022 and 2029. The report provides current AI in Fashion market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this AI in Fashion market research report.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

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Segmentation

Based on the business function, Finance business function is dominating the market during the forecast period. Business function segment in the AI in Fashion market has finance, IT, legal, and operations. Finance GRC assist manage the financial process control, that includes business processes, such as segregation of roles and duties, monitoring internal and external audits, and authority to permit expenses beyond a particular amount.

In terms of region, APAC is growing with the highest CAGR during the forecasted period. Factors, that’s continual growth in the mobile network, increasing complexity of business, unregulated nature of the internet, and growth in the adoption of Bring Your Own Device (BYOD) are driving the AI in Fashion market in the APAC region.

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Key Players

• Microsoft
• IBM
• Google
• AWS
• SAP
• Facebook
• Adobe
• Oracle
• Catchoom
• Huawei
• Vue.AI
• Heuritech
• Wide Eyes
• Findmine
• Intelistyle
• Lily AI
• Pttrns.AI
• Syte
• Mode.AI
• Stitch Fix
• Alibaba.
• Amazon.
• H&M.

The global AI in Fashion market research report contains a detailed regional key player analysis of the AI in Fashion industry, with an emphasis on business growth opportunities and market hurdles in each of the globe's major regions.

Regional Analysis

The regional analysis provided in our report helps you understand the AI in Fashion market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the AI in Fashion market. Local and regional development plans are often affected by the performance of AI in Fashion market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

Key Questions answered in the AI in Fashion Market Report are:

·        What is AI in Fashion Market?

·        What is the forecast period of the AI in Fashion Market?

·        What is the competitive scenario of the AI in Fashion market?

·        Which region held the largest market share in the AI in Fashion Market?

·        What are the opportunities for the AI in Fashion Market?

·        What factors are affecting the AI in Fashion market growth?

·        Who are the key players of the AI in Fashion market?

·        Which company held the largest share in the AI in Fashion market?

·        What will be the CAGR of the AI in Fashion market during the forecast period?

·        What key trends are likely to emerge in the AI in Fashion market in the coming years?

Key offerings:

·        Market Share, Size, and Forecast by Revenue|2022-2029

·        Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends

·        Market Segmentation: A detailed analysis by AI in Fashion #

·        Landscape- Leading key players and other prominent key players.

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Published in

Technology , Business

Published on

Mar 08, 2023

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