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Fashion Design And Production Software Market Report 2024 - Fashion Design And Production Software Market Size, Share And Trends
Fashion Design And Production Software Market
According to The Business Research Company's, The fashion design and production software market size has grown strongly in recent years. It will grow from $2.3 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing demand for fast fashion, adoption of erp systems, shift to digital design, cad software evolution, emergence of plm solutions.
The fashion design and production software market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to industry digitization acceleration, emergence of 3d design tools, ai-powered design innovation, e-commerce and online retail expansion, global market expansion. Major trends in the forecast period include responsive design tools, digital supply chain integration, augmented reality (ar) and virtual prototyping, sustainability integration, ai and machine learning integration.
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Market Drivers and Trends:
Integrating emerging technologies such as augmented reality (AR) and virtual reality (VR) is expected to propel the growth of the fashion design and production software market. Augmented reality (AR) and virtual reality (VR) are both technologies that offer immersive experiences. Augmented reality (AR) refers to the integration of digital data with the user's surroundings in real time, while virtual reality (VR) refers to a simulated 3D environment that interacts with and explores a virtual environment to simulate reality using computer modeling and simulation. Fashion design and production software primarily utilize both augmented reality (AR) and virtual reality (VR) technologies to improve the design and production processes. Overall, AR and VR can enhance the fashion design and production process by improving visualization, reducing the need for physical prototyping, and creating more engaging experiences for customers. Therefore, these factors boost the fashion design and production software market. For instance, in September 2021, according to the reports shared by Forbes Media LLC., a US-based media company, consumer purchases of augmented reality (AR) and virtual reality (VR) headgear, software, and services totaled $12 billion globally in 2020, an increase of 50 percent over 2019. In addition, it is anticipated that by 2027, the demand for augmented reality and virtual reality in the retail industry alone will amount to $2,094.08 billion. Therefore, the integration of emerging technologies such as augmented reality (AR) and virtual reality (VR) is driving the growth of the fashion design and production software market.
Technological advancements are a key trend gaining popularity in the fashion design and production software market. Major companies operating in the fashion design and production software market are involved in developing new and improved advanced technologies to sustain their position in the market. For instance, in November 2022, Tukatech Inc., a US-based fashion technology software company, launched the updated version of TUKA3D, the most widely used 3D system worldwide, which offers an open system to allow designers, brands, retailers, and their manufacturers to collaborate effectively within a virtual process. Three components are needed for each 3D system, a 2D flat blueprint, a 3D avatar, and the digital fabric. Since all three are different across all 3D systems, vendors who create the finished product are unable to leverage information from other 3D systems used by designers. Additionally, it contains a 3D fit model, virtual fabric, a CAD pattern, and real-time motion.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Adobe Inc.; Autometrix Inc.; Autodesk Inc.; CLO Virtual Fashion LLC.; Computer Generated Solutions; Corel Corporation; C-Design Fashion; Aptean Inc.; Infor Inc.; Centric Software Inc.; SupplyCompass Ltd.; Tukatech Inc.; Vetigraph SAS; Fit First Technologies International Inc.; Wilcom International Pty Ltd; K Software Solutions; Optitex Ltd; Browzwear Solutions Pte Ltd; Lectra SA; Harper Arrington Publishing LLC; Strategies SA; Electronics for Imaging Inc.; Fashion CAD; Fashion Master Software Pvt. Ltd.; Gerber Scientific Products; SAP SE; Zedonk Ltd.; 3DLOOK Inc.; Texbase Inc.; Lumaten Inc.
Fashion Design And Production Software Market 2024 Key Insights:
• The fashion design and production software market will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Augmented And Virtual Reality Revolutionize Fashion Design Software, Fueling Market Growth
• Tukatech Unveils Cutting-Edge Tuka3D Update, Redefining Fashion Design Collaboration And Virtual Integration
• North America was the largest region in the fashion design and production software market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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