Press release
Artificial Intelligence In Fashion Market - Detailed Analysis of Current and Future Industry Figures till 2027 | Adobe, Amazon, Catchoom, Facebook, Google, Huawei, IBM, Microsoft, Oracle, 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.
The artificial intelligence in fashion market accounted 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.
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 shift of fashion companies embracing digitalization has reaped greater benefits for the enterprises and resulted in more revenue generation opportunities.
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The reports cover key developments in the Artificial Intelligence In Fashion market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Artificial Intelligence In Fashion market are anticipated to lucrative growth opportunities in the future with the rising demand for Artificial Intelligence In Fashion market in the global market.
Key Players Influencing the Market
• Adobe Inc.
• Amazon Web Services, Inc.
• Catchoom Technologies S.L.
• Facebook, Inc.
• Google LLC
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
The “Global Artificial Intelligence In Fashion Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Artificial Intelligence In Fashion market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Artificial Intelligence In Fashion market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Artificial Intelligence In Fashion market players and offers key trends and opportunities in the market.
Besides this, the report analyzes factors affecting Artificial Intelligence In Fashion market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Artificial Intelligence In Fashion Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Artificial Intelligence In Fashion market based on the type and application. It also provides market size and forecast till 2027 for overall Artificial Intelligence In Fashion market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Artificial Intelligence In Fashion Market.
• Key market trends cracking up the growth of the Artificial Intelligence In Fashion Market.
• Challenges to market growth.
• Key vendors of Artificial Intelligence In Fashion Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Artificial Intelligence In Fashion Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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