North America Artificial Intelligence in Fashion Market to Reach US$ 2254.2 Mn at a CAGR of 37.9% in 2027 | The Insight Partners

North America 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: TIPRE00007522 | No. of Pages: 158 | Category: Technology, Media and Telecommunications | Status: Published

The artificial intelligence in the fashion market in North America is expected to grow from US$ 128.7 Mn in 2018 to US$ 2254.2 Mn by the year 2027, with a CAGR of 37.9% from the year 2019 to 2027.

 

The increase in adoption of artificial intelligence in fashion industry to enhance operational efficiency and improve customer experiences and availability of a huge amount of data originating from different data sources are the major factors that are driving the growth of artificial intelligence in the fashion market. However, concerns related to data privacy and security are anticipated to hinder the market growth in the coming years. Data privacy concerns over the use of AI across fashion industry have been increasing majorly due to a lack of strong data protection laws in many regions/countries. The growth and functioning of AI in the fashion industry are majorly dependent on data collection and data analytics. For this, businesses and customers give AI access to large sets of data, which includes confidential information. With an increase in digital services and data storage on the cloud, concerns related to data security and privacy have also increased. Hence, it is a necessity that AI technologies and solutions providers develop solutions with inbuilt security features to boost investors’ confidence in this technology.

 

On the basis of application, artificial intelligence in fashion market is segmented into product recommendation, virtual assistant, product search and discovery, creative designing and trend forecasting, customer relationship management, and others. The product recommendation of artificial intelligence in fashion market led the market in 2018 and is expected to continue its dominance during the forecast period. In today’s omnichannel retailing space, product recommendations have turn out to be a significant retailer strategy. The growing range of products and information offered has resulted in intensifying diversity of consumers’ demand, which has become a challenge for fashion brands to offer the right products harmonized with customer preferences. A recommendation engine enables these brands to considerably enhance revenues, Click-Through Rates, conversions, as well as other vital metrics. It can have progressive effects on the user experience, thereby rendering greater customer satisfaction and retention.

 

The US led the North America artificial intelligence in fashion market in 2018 and is expected to continue its dominance during the forecast period. The US is the largest fashion market in the North American continent, as well as the globe. The fashion brands continue to invest substantial amounts in researching on prevailing and upcoming trends and also leverage their technologies to boost the industry. The fashion industry in the US is majorly boosted by the unique demand for value brand and luxury items. Very recently, several fashion brands have started to incorporate voice assistants and chatbots to influence customers and enhance their shopping experience. The Google Assistance, Amazon Alexa, Microsoft Cortana, and Amazon Alexa are some of the voice assistance technologies, the fashion brands in the US are leveraging on in the current scenario. The figure given below highlights the revenue share of the Mexico in the artificial intelligence in fashion market in the forecast period:

 

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

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

NORTH AMERICA 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

  • US
  • Canada
  • Mexico

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       North America Artificial Intelligence in Fashion Market – By Offerings

1.3.2       North America Artificial Intelligence in Fashion Market – By Deployment

1.3.3       North America Artificial Intelligence in Fashion Market – By Application

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

1.3.5       North America 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 – North America

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 a huge amount of data originating from different data sources

5.1.2       Increase in adoption of artificial intelligence in fashion industry to enhance operational efficiency and improve customer experiences

5.2       Key Market Restraints

5.2.1       Concerns related to data privacy and security

5.3       Key Market Opportunities

5.3.1       Huge investments in developing NLP enabled solutions are anticipated to flourish the market growth

5.4       Future Trend

5.4.1       Use of AI for predicting fashion trends

5.5       Impact Analysis of Drivers and Restraints

6.              Artificial Intelligence in Fashion Market – North America Market Analysis

6.1       Overview

6.2       North America Artificial Intelligence in Fashion Market Forecast and Analysis

7.              North America Artificial Intelligence in Fashion Market – By Offerings

7.1       Overview

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

7.3       Solutions

7.3.1       Overview

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

7.4       Services

7.4.1       Overview

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

8.              North America Artificial Intelligence in Fashion Market – By Deployment

8.1       Overview

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

8.3       On-premise

8.3.1       Overview

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

8.4       Cloud

8.4.1       Overview

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

9.              North America Artificial intelligence in fashion Market – By Application

9.1       Overview

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

9.3       Product Recommendation

9.3.1       Overview

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

9.4       Virtual Assistant

9.4.1       Overview

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

9.5       Product Search and Discovery

9.5.1       Overview

9.5.2       North America 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       North America 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       North America Customer Relationship Management Market Revenue and Forecasts to 2027 (US$ Mn)

9.8       Others

9.8.1       Overview

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

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

10.1    Overview

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

10.3    Apparel

10.3.1    Overview

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

10.4    Accessories

10.4.1    Overview

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

10.5    Cosmetics

10.5.1    Overview

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

10.6    Others

10.6.1    Overview

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

11.           North America Artificial Intelligence in Fashion Market – Country Analysis

11.1    Overview

11.1.1    North America Artificial Intelligence in Fashion Market Breakdown, by Key Countries

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

11.1.1.1.1 US Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.1.2 US Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.1.3 US Artificial Intelligence in Fashion Market Breakdown, by Application

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

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

11.1.1.2.1 Canada Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.2.2 Canada Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.2.3 Canada Artificial Intelligence in Fashion Market Breakdown, by Application

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

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

11.1.1.3.1 Mexico Artificial Intelligence in Fashion Market Breakdown, by Offerings

11.1.1.3.2 Mexico Artificial Intelligence in Fashion Market Breakdown, by Deployment

11.1.1.3.3 Mexico Artificial Intelligence in Fashion Market Breakdown, by Application

11.1.1.3.4 Mexico 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

12.4    Top Five Company Ranking

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.            North America Artificial Intelligence in Fashion Market Revenue and Forecasts To 2027 (US$ Mn)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 18.         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 - Geography

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

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

Figure 5.          The US held the largest share in North America Artificial Intelligence in Fashion market in 2018

Figure 6.          North America Artificial Intelligence in Fashion Market, Industry Landscape

Figure 7.          North America PEST Analysis

Figure 8.          Market Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 32.       Mexico 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 North America 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 North America 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 North America 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.