The industries are flourishing and expanding and the technological advancements in the Fashion Industry are growing exponentially. With passing time, personalization has gotten much attention and has become one of the biggest trends, and Artificial Intelligence in the Fashion Industry is finding out new ways to analyse all the data and tailor designs according to people's preferences. AI has already acquired its position in the Fashion market and is growing at a rapid pace. Globally, the market size of AI in the Fashion market is estimated to grow to USD 1260 million by 2024 from USD 228 million in the year 2019 that is growing at a CAGR of 40.8 per cent between the year 2019-2024. The future of AI in the Fashion industry grows stronger and stronger as the demand from the customer to have a personalised experience, demand from the inventory management also plays a role in encouragement of the growth of AI in the Fashion market.

It delivers a highly informative and relevant market study offering valuable insights into the Artificial Intelligence In Fashion market growth and development.

The Artificial Intelligence in Fashion market in Asia Pacific is expected to grow from US$ 3,718.6

The Asia Pacific artificial intelligence in fashion market accounted for US$ 55. 1 Mn in 2018 and is expected to grow at a CAGR of 39. 0% over the forecast period 2019-2027, to account for US$ 1015. GNW Real-time consumer behavior insights and increased operational efficiency are driving the adoption of artificial intelligence in fashion industry. Moreover, the availability of a large amount of data originating from different data sources is one of the key factors driving the growth of AI technology across the fashion industry. Artificial Intelligence has already disrupted several industries, including the retail and fashion industry. The fashion industry so far has been one of the primary adopters of the technology. The fashion retailers these days are leveraging several revolutionary technologies, including machine learning, like augmented reality (AR) and artificial intelligence (AI), to make seamless shopping experiences across the channels, from online models to brick and mortar stores.

The global artificial intelligence in fashion market accounted for US$ 270.0 Mn in 2018 and is expected to grow at a CAGR of 36.9% over the forecast period 2019-2027, to account for US$ 4,391.7 Mn in 2027. Driving factors such as availability of massive amount of data due to increasing proliferation of digital services across the globe, and real time consumer behavior insights and increased operational efficiency are driving the adoption of AI in fashion industry will drive the market during the forecast period and have a high impact in the short term. However, factors such as concerns related to data privacy and security is anticipated to hinder the market growth in the coming years. AI integration in fashion plays a crucial role in sales, marketing, and customer-focused purposes.Initial adopters point toward the key impacts of technology in improving customer experience and decent growth in company revenue. Elevated customer experience helps the retailer to crack entirely new tactics of customer engagement and communication.With AI integration, the retailers can precisely spot the customers' expected needs at precise times and offer the appropriate product to gain a competitive advantage. Some of the past initiatives taken in the fashion industry sector which has revolutionize the use of AI in the sector are North Face leveraging IBM Watson's ML technology to recommend more personalized apparel to the customers.Further, eBay's AI integration helps their sellers sell more by better inventory management and pricing recommendations.

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.

The "AI in Fashion Market by Component (Solutions and Services), Application (Product Recommendation, Product Search & Discovery, and CRM), Deployment Mode, Category, (Apparel, Accessories, and Beauty & Cosmetics), End User, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The Global AI in Fashion Market is Expected to Grow from USD 228 Million in 2019 to USD 1,260 Million by 2024, at a CAGR of 40.8%. Customer's demand for a personalized experience to drive the adoption of AI in fashion across end-users Major growth factors for the market include increasing need for inventory management, customer's demand for a personalized experience, and the growing influence of social media in the fashion industry. However, integration with the legacy system would limit market growth. Fashion designer end-user segment to grow at a higher CAGR during the forecast period Based on end-user, AI in the fashion market is divided into fashion designers and fashion stores.