DUBLIN, Sept. 13, 2022 (GLOBE NEWSWIRE) — “AI in Fashion Global Market Report 2022” Report Added of ResearchAndMarkets.com Recruitment.

The global fashion AI market is projected to grow from $470 million in 2021 to $650 million in 2022, at a compound annual growth rate (CAGR) of 40.0%. AI in the fashion market is expected to grow to $2.66 billion in 2026 at a CAGR of 42.1%.

North America was the largest region for AI in the fashion market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period. The AI ​​in fashion report covers Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing influence of social media on the fashion industry is driving the growth of AI in the fashion market. Social media is a major source of information in the fashion industry as there are many opinions and information from all sources around the world. Fashion today largely relies on brand promotion and fashion influencers who use social media to voice their opinions on fashion.

For example, the marketing influencer market has grown from $9.7 billion in 2020 to $13.8 billion in 2021, according to Influencer Marketing Hub, a social media resource for influencers. The growing popularity of short video formats on platforms such as TikTok, Facebook and YouTube, the consumer impact of the global pandemic that has driven social media consumption, and the impact of data collection used by marketers for social media advertising. Optimization has all contributed to this growth. Such growing influence of social media is driving the growth of the market.

Machine learning is shaping AI in the fashion market. Machine learning is the part of artificial intelligence that defines the ability of machines to imitate human behavior. Machines can understand to visualize and take actions that help provide better information and suggestions according to customer behavior. For example, in April 2021, renowned designer fashion brand Tommy Hilfiger added machine learning tools to his site with 15,000 product images and 600,000 public runway images of him, as well as nearly 100,000 fabric patterns. Applied. Applied AI gave Tommy Hilfiger styles insight into trending colors, patterns and silhouettes.

In September 2021, Syte company, an Israel-based software development company, acquired Slyce for an undisclosed amount. Through this acquisition, Syte hopes to expand its North American market and support new and existing clients. Slyce is a US-based visual search company that integrates apps with his website technology for over 60 retailers.

range

Target market:

1) By Category: Apparel; Accessories; Footwear; Beauty & Cosmetics; Jewelry
2) By Deployment Mode: Cloud.on the premises
3) By Component: Solution; Service
4) By Application: Customer Relationship Management; Virtual Assistant; Product Recommendation; Product Search and Discovery; Supply Chain Management and Demand Forecasting;
5) End users: fashion designers.fashion store

Main topics:

1.executive summary

2. Characteristics of AI in the fashion market

3. AI in fashion market trends and strategies

4. Impact of COVID-19 on AI in fashion

5. AI in fashion market size and growth

6. AI in fashion market segmentation

7. AI in Regional and Country Analysis of Fashion Market

8. Asia-Pacific AI in Fashion Market

9. Chinese AI in the Fashion Market

10. AI in the Indian fashion market

11. AI in the Japanese Fashion Market

12. Australian AI in the fashion market

13. Indonesian AI in Fashion Market

14. Korean AI in the Fashion Market

15. Western European AI in the fashion market

16. British AI in the fashion market

17. German AI in the fashion market

18. French AI in the fashion market

19. Eastern European AI in the Fashion Market

20. Russian AI in the fashion market

21. AI in the North American Fashion Market

22. US AI in the Fashion Market

23. South American AI in the Fashion Market

24. Brazilian AI in the Fashion Market

25. Middle East AI in Fashion Market

26. African AI in the Fashion Market

27. AI Competitive Environment and Company Profiles in the Fashion Market

28. Major mergers and acquisitions in AI in the fashion market

29. Future Prospects and Potential Analysis of AI in the Fashion Market

30. Appendix

companies mentioned

• microsoft
• IBM
• AWS
• SAP
• Facebook
• Adobe
• Oracle
• catch room
• Huawei
• Vue.ai
• Heuritech
• Big eyes
• search
• intelligent style
• Yuriai
• Pttrns.ai
• site
• mode.ai
• stitch fix
• Yuriai
• Hurich
• Alphabet Inc. (Google)

For more information on this report, please visit https://www.researchandmarkets.com/r/1816zk.