Leading Key Players in Global AI in Fashion Market 2024: Microsoft , IBM , Google , AWS , SAP , Facebook , Adobe , Oracle and others

The AI in Fashion Market study formulated by Research Reports Inc., presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The study explicitly illustrates the competitive standing of key players over the projected timeline while incorporating their individual portfolios & geographical expansion. Global AI in Fashion Market is valued approximately USD 161.9 million in 2018 and is anticipated to grow with a healthy growth rate of more than 40.8% over the forecast period 2019-2026.

The Fashion industry has adopted the latest AI technology which enhances the customer experience and increases the sales in the industry by increasing customization by suggesting similar clothing patterns according to customer needs. Also, the use of AI has brought in Automatic operations in the mundane tasks like data entry, calculations and more. Further, customer’s demand for a personalized experience, increasing need for inventory management and the growing influence of social media in the fashion industry has led to the adoption of AI in Fashion across the forecast period. Also, Identifying future fashion trends in advance with customer’s buying behavior analysis and Growing fast fashion retail has boosted the adoption of artificial intelligence in the fashion industry.

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The regional analysis of global AI in Fashion market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing social media adoption, the expansion of local enterprises and the government initiatives that are focused on advancements in the AI technology. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing population along with increasing disposable income has led to major investment of Tech giants would create lucrative growth prospects for the AI in Fashion market across Asia-Pacific region.

Major market player included in this report are:
Microsoft (US), IBM (US), Google (US), AWS (US), SAP (Germany), Facebook (US), Adobe (US), Oracle (US), Catchoom (Spain), Huawei (China), Vue.ai (US), Heuritech (France), Wide Eyes (Spain), FINDMINE (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Segmentation Covered In Global AI in Fashion Market Report are:
By Components:
Solution, Software Tools, Platforms, Services, Training and Consulting, System Integration and Testing, Support and Maintenance

By Applications:
Product Recommendation, Product Search and Discovery, Supply Chain Management and Demand Forecasting, Creative Designing and Trend Forecasting, Customer Relationship Management, Virtual Assistants, Others (Fraud detection, fabric waste reduction, and price optimization)

By Deployment Mode:
Cloud, On-premises

By Category:
Apparel, Accessories, Footwear, Beauty and Cosmetics, Jewelry and Watches, Others (eyewear, home decor)

By End-User:
Fashion Designers, Fashion Stores

Regional Segment Analysis of AI in Fashion Market:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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Objective Of the report:
• The report provides key statistics on the market status of the AI in Fashion manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
• The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
• The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
• The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
• The report estimates 2019-2024 market development trends of AI in Fashion industry.
• Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
• The report makes some important proposals for a new project of AI in Fashion Industry before evaluating its feasibility.

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