Press release
AI Transforms Fashion: The Tech Revolution Driving Global Trends
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=6614&type=smp
According to The Business Research Company's, The AI in fashion market size has grown exponentially in recent years. It will grow from $0.91 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 41.6%. The growth in the historic period can be attributed to visual search and recognition, supply chain optimization, virtual try-on solutions, fraud detection, sustainable practices.
The AI in fashion market size is expected to see exponential growth in the next few years. It will grow to $4.95 billion in 2028 at a compound annual growth rate (CAGR) of 40.2%. The growth in the forecast period can be attributed to voice-activated shopping, predictive trend analysis, dynamic pricing strategies. Major trends in the forecast period include virtual try-on experience, personalized recommendations, computer vision for style recognition, supply chain optimization, chatbots and virtual assistants.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/ai-in-fashion-global-market-report
Market Drivers and Trends:
The growing influence of social media on the fashion industry is driving the growth of AI in fashion market. Social media is a primary source of information for the fashion industry as there are many opinions and information from all sources globally. Fashion today is mainly dependent on brand promotion and fashion influencers that use social media to communicate their views on fashion. For instance, according to influencer marketing hub, a social media resource for influencers, the marketing influencer market size will grow from $ 9.7 billion in 2020 to $ 13.8 billion in 2021. The increasing popularity of short video formats on platforms like TikTok, Facebook, and YouTube, as well as the impact of the global pandemic on consumers, which catalyzed social media consumption, and the optimization of data collection, which marketers used for social media ads, are all contributing to this growth. Such growing influence of social media is driving the growth of the ai in fashion market.
Machine learning is shaping the AI in fashion market. Machine learning is a part of artificial intelligence which defines the capabilities of the machine to copy human behavior. A machine can understand visualize and perform an action that helps in providing better information and suggestions to customers according to their behavior. For instance, in April 2021, Tommy Hilfiger, a renowned designer fashion brand applied machine-learning tools for product images of 15,000, and 600,000 publicly available runway images, and almost 100,000 fabric patterns sites. The applied AI gave insights into trending colors, and patterns, silhouettes to Tommy Hilfiger's style.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Alphabet Inc., Microsoft Corporation, Meta Platforms Inc, Huawei Technologies Co. Ltd., Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Inc., Stitch Fix Inc., Optitex Ltd., Syte Visual Conception Ltd., True Fit Corporation, Nextail Labs S.L., Lily AI inc., AiFi Technologies Inc., Revieve Oy, Heuritech SAS, Dressformer, StyleSage Inc., Donde Search Ltd., Wide Eyes Technologies S.L., Vue.ai, ZyloTech Inc., FINDMINE Inc., Mode.ai, Intelistyle, Catchoom Technologies S.L., Pttrns.ai, Fashwell AG, Wide Eyes Technologies S.L., Boxfish Inc., Fashion3K, H&M Group's Ivyrevel AB, Choosy Inc., SnapFashion Limited, ELSE Corp Srl, Keypoint Technologies Limited, Farfetch Limited
AI in Fashion Market 2024 Key Insights:
• The AI in fashion market size is expected to see exponential growth in the next few years. It will grow to $4.95 billion in 2028 at a compound annual growth rate (CAGR) of 40.2%.
• AI's Surge In Fashion Market Influenced By Social Media
• Machine Learning Reshaping The Future Of Fashion AI
• North America was the largest region in the AI in fashion market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=6614&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI Transforms Fashion: The Tech Revolution Driving Global Trends here
News-ID: 3769491 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Fashion
Zeelool: Leading Eyeglasses Fashion Trends and Elevating Fashion
At Zeelool.com, we offer over 2,500 different styles, colors, and materials of eyeglasses for you to choose from. We stay up-to-date with the latest trends in eyewear to meet the diverse preferences for personal style and fashion. Not only do we provide a wide range of fashionable frames, but we also offer professional prescription lenses and functional lenses to cater to specific individual needs.
Whether you require lenses for vision correction…
Melapa Fashion International New York Fashion Week 2023
For New York Fashion Week 2023, Melapa Fashion presented its international fashion show at the Bowery Rooftop. Pamela Quinzi, the owner of Melapa Fashion, celebrity fashion designer, and producer, coordinated the event to highlight her Kilame Clothing and Shoes Collection. In addition, Odd Mod Creations of Jewelry designer Jae Breslow presented his first-ever show. Tasha Dwhaj hosted and managed the event, which was produced by Arthur J. Rutledge and Herber…
Fashion Lounge Market Brief Analysis of Top Leading Companies From 2022-2028: Fa …
The latest release from WMR titled Fashion Lounge Market Research Report 2022-2028 (by Product Type, End-User / Application, and Regions / Countries) provides an in-depth assessment of the Fashion Lounge including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Fashion Lounge Market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released BY WMR. The report presents…
Growing Fashion Awareness Driving Indian Fashion Accessories Market
According to a new research report, “Indian Women Wear Market Forecast to 2015”, by RNCOS, the influence of western culture has triggered a growing sense of fashion among the Indian women. Increased awareness about latest fashion has boosted the market for fashion accessories, which includes handbags, belts, artificial jewelry and footwear.
The growth in fashion accessories market has been driven by increasing desires of people to look good and feel good,…
Fashion forward designer Nora Sahraoui launches XELA Fashion
From Morocco to France to Miami
For Immediate Release
South Beach, Miami, Florida, April 28,2011
Designer Nora Sahraoui announced the launch of her new brand, XELA Fashion! and her latest designs today in Miami. Her collection of over 50 dresses is now available to fashion forward women. Sahraoui, of Marseilles France, was in Miami for an exciting photo shoot of her latest styles and to launch her website www.XelaFashion.com.…
International Fashion Academy Paris Breeds Fashion Connoisseurs
March 22, 2009 (Shanghai, China) - The International Fashion Academy (IFA Paris) is again bringing its name to the stage of the fashion world with their bachelor’s degree and master’s degree programs. As one of the first foreign fashion schools that opened in China, students are exposed to the classic, yet cutting-edge world of fashion.
The Academic Committee is of primary importance to IFA. The fashion design school’s teachers come…
