Artificial intelligence (AI) has changed the pattern of fashion business strategy. There are many ways artificial intelligence has helped the fashion business. This includes the use of predictive analytics and computer vision to recognize product features. The use of AI has increased primarily in the fashion industry to analyze search behavior and provide similar product praise based on consumer preferences. With AI, users’ frequently searched results are analyzed and recorded based on brand, color, size, fashion trend, price, etc., to show you the next more relevant search.
Factors such as the increased use of social media in the fashion industry, the growing demand for personalized and resulting experiences, and the increasing demand for inventory management in the fashion industry are driving the growth of AI in the fashion market. However, problems such as integration with legacy systems hinder the growth of the global market. In addition, it is expected that AI adoption in the fashion industry will be promoted as the preference shift toward analyzing the consumer’s purchasing behavior and the growth of the fashion retail market to identify upcoming fashion trends.
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AI in Fashion Market Segmentation
- Software Tools
- Training &Consulting
- System Integration &Testing
By Deployment Mode
- Product Recommendation
- Product Search & Discovery
- Supply Chain Management
- Creative Design
- Virtual Assistance
- Beauty &Cosmetics
- Fashion Designers
- Fashion Stores
Key Market Players Profiled in The Report
- Microsoft corporation
- IBM corporation
- Google Inc.
- Amazon Web Service Inc.
- SAP AG
- Lily AI
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o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by AI in Fashion Market Report
- What was the AI in Fashion Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of AI in Fashion Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
- Which manufacturer/vendor/players in the AI in Fashion Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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