AI in Fashion Market Size, Share, Trends, Forecast, and Growth Analysis

The AI in fashion market was estimated at USD 0.54 billion in 2022 and is likely to grow at a CAGR of 29% during 2023-2029 to reach USD 3.20 billion in 2029. The market's main drivers of growth are the rising desire among customers for personalized experiences, the growing necessity for inventory management, and the escalating impact of social media on the fashion industry. Additionally, the analysis of customers' purchasing behavior to forecast future fashion trends and the rapid expansion of fast fashion retail present numerous opportunities for AI fashion solution providers to enhance their marketing efforts.