What Has Been The Evolution of the Generative AI in Fashion Market in Recent Years?
The generative ai in fashion market has seen considerable growth due to a variety of factors.
• The generative AI in fashion market has expanded rapidly in recent years. It will grow from $0.13 billion in 2024 to $0.18 billion in 2025, at a compound annual growth rate (CAGR) of 38.4%.
The growth is attributed to the rise of fashion tech startups, consumer insights, trend forecasting, cross-industry inspiration, and sustainability concerns.
How Will the Generative AI in Fashion Market?
The generative ai in fashion market is expected to maintain its strong growth trajectory in upcoming years.
• The generative AI in fashion market is expected to experience significant growth, reaching $0.65 billion by 2029, at a CAGR of 38.0%.
The expansion will be driven by increasing demand for hyper-personalization, sustainability solutions, on-demand manufacturing, and the desire for representative fashion models. Trends will include advancements in machine learning, virtual try-on technologies, customization, real-time trend analysis, AI-generated influencer fashion, and AI-powered styling.
Which Factors Are Boosting Growth In The Generative AI in Fashion Market?
The growth of the e-commerce industry is expected to drive the development of generative AI in fashion. The rise in e-commerce, fueled by convenience, social media, and improved logistics, is reshaping the fashion industry. Generative AI helps create personalized, trend-driven fashion products, improving supply chain efficiency and customer engagement. According to the United States Census Bureau, U.S. e-commerce sales in 2023 reached $1,118.7 billion, a 7.6% increase from 2022. This growth is driving the use of generative AI in the fashion market.
What Key Areas Define The Segmentation Of The Global Generative AI in Fashion Market?
The generative AI in fashion market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-premises
3) By Category: Clothing, Accessories, Beauty And Cosmetics, Other Categories
4) By Application: Product Recommendation, Product Search and Discovery, Supply Chain Management And Demand Forecasting, Creative Designing And Trend Forecasting, Customer Relationship Management, Virtual Assistants, Other Applications
5) By End User: Fashion Designers, Fashion Stores
Subsegments:
1) By Solutions: AI-Powered Design Tools, Virtual Try-On Solutions, Personalization And Recommendation Systems, AI-Based Trend Forecasting, Fabric And Pattern Generation, 3D Modeling And Rendering Tools
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Managed Services
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What Emerging Trends Are Influencing The Growth Of The Generative AI in Fashion Market?
Companies in the generative AI in fashion market are developing platforms driven by generative AI to automate design processes and create customizable fashion concepts. A generative AI-driven platform allows fashion designers to generate designs, patterns, and styles using AI algorithms. For example, in April 2024, Navan AI, a software company based in Singapore, launched niia.ai, a FashionTech platform. Niia.ai operates on a subscription model and helps apparel designers create, visualize, and commercialize designs more efficiently, offering significant time and cost savings while complementing the designers' creativity.
Who Are the Key Players In The Generative AI in Fashion Market?
Major companies operating in the generative AI in fashion market are:
• Amazon.com Inc.
• Alphabet Inc.
• Adobe Inc.
• Zalando SE
• Farfetch Group Limited
• Stitch Fix Inc.
• Myntra Designs Pvt. Ltd.
• Choosy
• Vue.ai
• True Fit Corporation
• Mode.ai
• Synflux AI Lab LLP
• Heuritech SAS
• Bigthinx Technologies Pvt. Ltd.
• Dressformer Technologies Inc.
• Intelistyle Ltd.
• Omnivor
• RivetAI Inc.
• Streamoid Technologies
• Style.me Technologies Limited
• Revery Inc.
• Stylumia Intelligence Technology Pvt. Ltd.
• ZyseMe
What Is The Most Dominant Region In The Generative AI in Fashion Market?
North America was the largest region in the generative AI in fashion market in 2023. The regions covered in the generative AI in fashion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
