Europe Artificial Intelligence in Fashion Market to Reach US$ 933.9 Mn at a CAGR of 34.0% in 2027 | The Insight Partners

Europe Artificial Intelligence in Fashion Market to 2027 - Regional Analysis and Forecasts by Offerings (Solutions and Services); Deployment (On-premise and Cloud-based); Application (Product Recommendation, Virtual Assistant, Product Search and Discovery, Creative Designing and Trend Forecasting, Customer Relationship Management, and Others); End-User Industry (Apparel, Accessories, Cosmetics, and Others)

Publication Month: Nov 2019 | Report Code: TIPRE00007521 | No. of Pages: 174 | Category: Technology, Media and Telecommunications | Status: Published

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.

 

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. This factor has catalyzed the growth of artificial intelligence in fashion in Europe. The figure given below highlights the revenue share of the rest of Europe in the artificial intelligence in fashion market in the forecast period:

 

Exhibit: Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecast to 2027
(US$ Mn)

Europe Artificial Intelligence in Fashion Market Revenue and Forecast to 2027 (US$ Mn)

 

 

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

Artificial Intelligence in Fashion Market - Companies Mentioned

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

1.              Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1       Europe Artificial Intelligence in Fashion Market – By Offerings

1.3.2       Europe Artificial Intelligence in Fashion Market – By Deployment

1.3.3       Europe Artificial Intelligence in Fashion Market – By Application

1.3.4       Europe Artificial Intelligence in Fashion Market – By End-User Industry

1.3.5       Europe Artificial Intelligence in Fashion Market – By Country

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              Artificial Intelligence in Fashion Market Landscape

4.1       Market Overview

4.2       PEST Analysis - Europe

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.              Artificial Intelligence in Fashion Market – Key Market Dynamics

5.1       Key Market Drivers

5.1.1       Availability of massive amount of data due to increasing proliferation of digital services such as chatbots

5.1.2       Increase in operational efficiency and sales through intelligent automation is driving market growth

5.2       Key Market Restraints

5.2.1       Challenges posed by data privacy and security issues

5.3       Key Market Opportunities

5.3.1       Implementation of Natural Language Programming (NLP) to fashion industry pose significant opportunities for AI in fashion vendors

5.4       Future Trend

5.4.1       Significant initiatives by technology giants in developing AI solutions for design predictions

5.5       Impact Analysis of Drivers and Restraints

6.              Artificial Intelligence in Fashion Market – Europe Market Analysis

6.1       Overview

6.2       Europe Artificial Intelligence in Fashion Market Forecast and Analysis

6.3       Market Positioning – Five Key Players

7.              Europe Artificial Intelligence in Fashion Market – By Offerings

7.1       Overview

7.2       Europe Artificial Intelligence in Fashion Market Breakdown, by Offerings, 2018 & 2027

7.3       Solutions

7.3.1       Overview

7.3.2       Europe Solutions Market Revenue and Forecasts to 2027 (US$ Mn)

7.4       Services

7.4.1       Overview

7.4.2       Europe Services Market Revenue and Forecasts to 2027 (US$ Mn)

8.              Europe Artificial Intelligence in Fashion Market – By Deployment

8.1       Overview

8.2       Europe Artificial Intelligence in Fashion Market Breakdown, by Deployment, 2018 & 2027

8.3       On-premise

8.3.1       Overview

8.3.2       Europe On-premise Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Cloud

8.4.1       Overview

8.4.2       Europe Cloud Market Revenue and Forecasts to 2027 (US$ Mn)

9.              Europe Artificial intelligence in fashion Market – By Application

9.1       Overview

9.2       Europe Artificial intelligence in fashion Market Breakdown, By Application, 2018 & 2027

9.3       Product Recommendation

9.3.1       Overview

9.3.2       Europe Product Recommendation Market Revenue and Forecasts to 2027 (US$ Mn)

9.4       Virtual Assistant

9.4.1       Overview

9.4.2       Europe Virtual Assistant Market Revenue and Forecasts to 2027 (US$ Mn)

9.5       Product Search and Discovery

9.5.1       Overview

9.5.2       Europe Product Search and Discovery Market Revenue and Forecasts to 2027 (US$ Mn)

9.6       Creative Designing and Trend Forecasting

9.6.1       Overview

9.6.2       Europe Creative Designing and Trend Forecasting Market Revenue and Forecasts to 2027 (US$ Mn)

9.7       Customer Relationship Management (CRM)

9.7.1       Overview

9.7.2       Europe Customer Relationship Management Market Revenue and Forecasts to 2027 (US$ Mn)

9.8       Others

9.8.1       Overview

9.8.2       Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)

10.           Europe Artificial intelligence in fashion Market Analysis – By End User Industry

10.1    Overview

10.2    Europe Artificial intelligence in fashion Market Breakdown, By End User Industry, 2018 & 2027

10.3    Apparel

10.3.1    Overview

10.3.2    Europe Apparel Market Revenue and Forecasts to 2027 (US$ Mn)

10.4    Accessories

10.4.1    Overview

10.4.2    Europe Accessories Market Revenue and Forecasts to 2027 (US$ Mn)

10.5    Cosmetics

10.5.1    Overview

10.5.2    Europe Cosmetics Market Revenue and Forecasts to 2027 (US$ Mn)

10.6    Others

10.6.1    Overview

10.6.2    Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)

11.           Europe Artificial Intelligence in Fashion Market – Country Analysis

11.1    Overview

11.1.1    Europe Artificial Intelligence in Fashion Market Breakdown, by Key Countries

11.1.1.1  Germany Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.1.1 Germany Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.1.2 Germany Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.1.3 Germany Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.1.4 Germany Artificial Intelligence in Fashion Market Breakdown, by End User Industry

11.1.1.2  France Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.2.1 France Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.2.2 France Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.2.3 France Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.2.4 France Artificial Intelligence in Fashion Market Breakdown, by End User Industry

11.1.1.3  Italy Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.3.1 Italy Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.3.2 Italy Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.3.3 Italy Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.3.4 Italy Artificial Intelligence in Fashion Market Breakdown, by End User Industry

11.1.1.4  UK Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.4.1 UK Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.4.2 UK Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.4.3 UK Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.4.4 UK Artificial Intelligence in Fashion Market Breakdown, by End User Industry

11.1.1.5  Switzerland Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.5.1 Switzerland Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.5.2 Switzerland Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.5.3 Switzerland Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.5.4 Switzerland Artificial Intelligence in Fashion Market Breakdown, by End User Industry

11.1.1.6  Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.6.1 Rest of Europe Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.6.2 Rest of Europe Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.6.3 Rest of Europe Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.6.4 Rest of Europe Artificial Intelligence in Fashion Market Breakdown, by End User Industry

12.           Artificial Intelligence in Fashion Market - Industry Landscape

12.1    Overview

12.2    Market Initiative

12.3    New Development

13.           Company Profiles

13.1    Adobe Inc.

13.1.1    Key Facts

13.1.2    Business Description

13.1.3    Products and Services

13.1.4    Financial Overview

13.1.5    SWOT Analysis

13.1.6    Key Developments

13.2    Alphabet Inc. (Google)

13.2.1    Key Facts

13.2.2    Business Description

13.2.3    Products and Services

13.2.4    Financial Overview

13.2.5    SWOT Analysis

13.2.6    Key Developments

13.3    Amazon.com, Inc.

13.3.1    Key Facts

13.3.2    Business Description

13.3.3    Products and Services

13.3.4    Financial Overview

13.3.5    SWOT Analysis

13.3.6    Key Developments

13.4    Catchoom

13.4.1    Key Facts

13.4.2    Business Description

13.4.3    Products and Services

13.4.4    Financial Overview

13.4.5    SWOT Analysis

13.4.6    Key Developments

13.5    Facebook Inc.

13.5.1    Key Facts

13.5.2    Business Description

13.5.3    Products and Services

13.5.4    Financial Overview

13.5.5    SWOT Analysis

13.5.6    Key Developments

13.6    Huawei Technologies Co., Ltd.

13.6.1    Key Facts

13.6.2    Business Description

13.6.3    Products and Services

13.6.4    Financial Overview

13.6.5    SWOT Analysis

13.6.6    Key Developments

13.7    IBM Corporation

13.7.1    Key Facts

13.7.2    Business Description

13.7.3    Products and Services

13.7.4    Financial Overview

13.7.5    SWOT Analysis

13.7.6    Key Developments

13.8    Microsoft Corporation

13.8.1    Key Facts

13.8.2    Business Description

13.8.3    Products and Services

13.8.4    Financial Overview

13.8.5    SWOT Analysis

13.8.6    Key Developments

13.9    Oracle Corporation

13.9.1    Key Facts

13.9.2    Business Description

13.9.3    Products and Services

13.9.4    Financial Overview

13.9.5    SWOT Analysis

13.9.6    Key Developments

13.10  SAP SE

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Business Description

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14.           Appendix

14.1    About The Insight Partners

14.2    Glossary


LIST OF TABLES

Table 1.            Europe Artificial Intelligence in Fashion Market Revenue and Forecasts To 2027 (US$ Bn)

Table 2.            Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 3.            Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 4.            Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 5.            Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 6.            Germany Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 7.            Germany Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 8.            Germany Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 9.            Germany Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 10.         France Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 11.         France Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 12.         France Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 13.         France Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 14.         Italy Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 15.         Italy Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 16.         Italy Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 17.         Italy Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 18.         UK Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 19.         UK Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 20.         UK Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 21.         UK Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 22.         Switzerland Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 23.         Switzerland Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 24.         Switzerland Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 25.         Switzerland Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 26.         Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Offerings (US$ Mn)

Table 27.         Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 28.         Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By Application (US$ Mn)

Table 29.         Rest of Europe Artificial Intelligence in Fashion Market Revenue and Forecasts to 2027 – By End User Industry (US$ Mn)

Table 30.         Glossary of Terms, Artificial Intelligence in Fashion Market


LIST OF FIGURES

Figure 1.          Artificial Intelligence in Fashion Market Segmentation

Figure 2.          Artificial Intelligence in Fashion Market Segmentation - Country

Figure 3.          Product Recommendation segment held the largest share in Europe Artificial Intelligence in Fashion market in 2018

Figure 4.          Apparel segment represented the largest share in Europe Artificial Intelligence in Fashion market in 2018

Figure 5.          France held the largest share in Europe Artificial Intelligence in Fashion market in 2018

Figure 6.          Europe Artificial Intelligence in Fashion Market, Industry Landscape

Figure 7.          Europe – PEST Analysis

Figure 8.          Market Ecosystem Analysis

Figure 9.          Artificial Intelligence in Fashion Market Impact Analysis of Drivers and Restraints

Figure 10.       Europe Artificial Intelligence in Fashion Market Forecast And Analysis To 2027

Figure 11.       Europe Artificial Intelligence in Fashion Market Breakdown, by Offerings, 2018 & 2027 (%)

Figure 12.       Europe Solutions Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.       Europe Services Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.       Europe Artificial Intelligence in Fashion Market Breakdown, by Deployment, 2018 & 2027 (%)

Figure 15.       Europe On-premise Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.       Europe Cloud Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.       Europe Artificial intelligence in fashion Market Breakdown, by Application, 2018 & 2027 (%)

Figure 18.       Europe Product Recommendation Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       Europe Virtual Assistant Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       Europe Product Search and Discovery Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 21.       Europe Creative Designing and Trend Forecasting Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.       Europe Customer Relationship Management Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       Europe Artificial intelligence in fashion Market Breakdown, By End user Industry, 2018 & 2027 (%)

Figure 25.       Europe Apparel Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26.       Europe Accessories Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 27.       Europe Cosmetics Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.       Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.       Europe Artificial Intelligence in Fashion Market Breakdown, By Key Countries, 2018 & 2027(%)

Figure 30.       Germany Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 31.       France Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 32.       Italy Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 33.       UK Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 34.       Switzerland Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 35.       Rest of Europe Artificial Intelligence in Fashion Market Revenue And Forecasts To 2027 (US$ Mn)

The List of Companies

  1. Adobe Inc.
  2. Amazon.com, Inc. 
  3. Catchoom
  4. Facebook, Inc.
  5. Google, Inc.  (Alphabet Inc.)
  6. Huawei Technologies Co., Ltd
  7. IBM Corporation
  8. Microsoft Corporation
  9. Oracle Corporation 
  10. SAP SE
  • 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.