Rising Demand for Artificial Intelligence in Fashion Market during 2019-2027 Profiling Leading Players-Adobe Inc., Amazon.com, Inc. , Catchoom

The artificial intelligence in the fashion market in Europe is expected to grow from US$ 69.2 Mn in 2018 to US$ 933.9 Mn by the year 2027, with a CAGR of 34.0% from the year 2019 to 2027.

In the past few years, AI and its applications, such as Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision, have gained considerable traction in terms of both R&D and use cases across the globe. Multiple industry verticals have implemented AI technology for various use cases that require real-time analytics with self-learning technology to gain useful business insights. AI has enormous potential in the fashion industry. Fashion companies use AI-based solutions to design tools that would provide recommendations to customers based on their purchase history. Driving factors such as availability of massive amount of data due to increasing proliferation of digital services, and increase in operational efficiency and sales through intelligent automation 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, challenges posed by data privacy and security issues is anticipated to hinder the market growth in the coming years.

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Major Keyplayers in Artificial Intelligence in Fashion Market -

Adobe Inc., Amazon.com, Inc. , Catchoom, Facebook, Inc., Google, Inc.  (Alphabet Inc.), Huawei Technologies Co., Ltd, IBM Corporation,  Microsoft Corporation, Oracle Corporation , SAP SE

On the basis of end-user industry, artificial intelligence in fashion market is segmented into apparel, accessories, cosmetics, and others. As retailers, apparel, luxury, and beauty brands look for technologies to build a more satisfying and smooth shopping experience; they’re gradually observing AI together with other data-related solutions. With increasing commercialization of AI technology, the simplicity of solutions is developing in line with the technology’s accessibility. The fashion industry is progressively implementing the latest progress in AI to improve e-commerce productivity, enhance the retail experience, and offer promotional campaigns as well as clothes themselves. The apparel segment led the artificial intelligence in fashion market in 2018 and is expected to dominate the market in the forecast period.

France led the Europe artificial intelligence in fashion market in 2018 and is expected to continue its dominance during the forecast period. France, Germany, and Italy are at the forefront of artificial intelligence in fashion market in the European region. This is due to the fact that these countries house several well-established, financially balanced, and massive customer base clothing and accessory companies. The remarkable customer base with huge financials has enabled these companies to invest in artificial technologies to boost their customer shopping experience, thereby, driving their business.

EUROPE ARTIFICIAL INTELLIGENCE IN FASHION MARKET SEGMENTATION

By Offerings

  • Solutions
  • Services

By Deployment

  • On-Premise
  • Cloud-Based

By Application

  • Product Recommendation
  • Virtual Assistant
  • Product Search and Discovery
  • Creative Designing and Trend Forecasting
  • Customer Relationship Management
  • Others

By End-User Industry

  • Apparel
  • Accessories
  • Cosmetics
  • Others

By Country

  • France
  • Germany
  • UK
  • Italy
  • Switzerland
  • Rest of Europe

Reason to Purchase

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe artificial intelligence in fashion market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Europe artificial intelligence in fashion market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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Table of Content:
1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Global AI in Auto Insurance Market – By Offerings

1.3.2        Global AI in Auto Insurance Market – By Application

1.3.3        Global AI in Auto Insurance Market – By Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             AI in Auto Insurance - Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America PEST Analysis

4.2.2        Europe PEST Analysis

4.2.3        Asia Pacific PEST Analysis

4.2.4        Middle East & Africa PEST Analysis

4.2.5        South America PEST Analysis

4.3       Ecosystem Analysis

5.             AI in Auto Insurance Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1        Increasing number of successful artificial intelligence use cases in the auto insurance industry

5.1.2        Rising influx of innovative AI start-ups to boost the growth

5.2       Key Market Restraints

5.2.1        Privacy and data security concerns

5.2.2        Lack of cloud infrastructure and skilled manpower in developing countries

5.3       Key Market Opportunity

5.3.1        Growing preference for cloud-based AI solutions among businesses

5.4       Future Trend

5.4.1        Latest trends and applications of artificial intelligence to drive the future growth

5.5       Impact Analysis of Drivers and Restraints

6.             AI in Auto Insurance Market– Global Analysis

6.1       Global AI in Auto Insurance Market Overview

6.2       Global AI in Auto Insurance Market Revenue and Forecasts To 2027 (US$ Mn)

6.3       Market Positioning- Top Five Players

To Be Continued...

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Posted by on Thursday December 05 2019, 3:00 AM EDT. All trademarks acknowledged. Filed under Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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