North America Artificial Intelligence in Fashion Market to 2027 - Regional Analysis and Forecasts by Offerings; Deployment; Application; End-User Industry

The North America artificial intelligence in fashion market accounted for US$ 128.7 Mn in 2018 and is expected to grow at a CAGR of 37.9% over the forecast period 2019-2027, to account for US$ 2254.2 Artificial Intelligence in fashion market is expected to experience remarkable growth in the coming years due to the rising technological advancements and expanding services and facilities in artificial intelligence in the fashion arena. Also, the availability of the massive amount of data due to the increased proliferation of digital services across the globe is anticipated to provide a strong thrust to the growth of artificial intelligence in fashion market. The penetration of advanced technology in the fashion sector worldwide and the real-time consumer behaviour insights and increased operational efficiency are driving the adoption of artificial intelligence in the fashion industry also present a bright outlook ahead for the artificial intelligence in fashion market in the coming years. However, Data privacy and security concerns across the sector would pose a stern challenge to the growth of the artificial intelligence in fashion market in the coming years. Despite these hindrances, the introduction of Natural Language Programming (NLP) to the fashion industry is a massive opportunity for AI in fashion vendors are anticipated to offer ample growth opportunities for the players operating in the artificial intelligence in fashion market during the forecast period of 2019 to 2027.