Ai In Fashion Global Market Report 2023: Growing Influence Of Social Media On The Fashion Industry Fuels The Sector

This report provides an overview of the global AI in fashion market, which grew from $0.65 billion in 2022 to $0.91 billion in 2023 at a compound annual growth rate (CAGR) of 40.0%. Major players in the market are Microsoft, IBM, AWS, SAP, Facebook, Adobe, Oracle, Catchoom, Huawei, Wide Eyes, FindMine, Intelistyle, Lily AI, Pttrns.ai, Syte, mode.ai, Stitch Fix, and Alphabet Inc., (Google). AI-in fashion refers to an advisor that is being used to recommend clothes based on the customer’s height, weight, shape, and current size. The main types of AI in fashion are apparels, accessories, footwear, beauty and cosmetics, jewelry. Machine learning is shaping the AI in fashion market, with machine-learning tools being applied for product images of 15,000, and 600,000 publically available images.