In order to gather both qualitative and quantitative insights, supply-side and demand-side stakeholders were interviewed during the primary research process. CEOs, CTOs, VPs of AI/ML Engineering, product heads, and commercial directors from AI technology providers, fashion-tech startups, and enterprise software suppliers were examples of supply-side sources. Chief digital officers, e-commerce directors, supply chain managers, creative directors, and procurement leads from luxury companies, fashion shops, consumer marketplaces, and design studios were examples of demand-side sources. Market segmentation, AI solution deployment schedules, and information on technology acceptance trends, price structures, and integration difficulties were all confirmed by primary research.
Primary Respondent Breakdown:
By Designation: C-level Primaries (42%), Director Level (25%), Others (33%)
By Region: North America (32%), Europe (30%), Asia-Pacific (28%), Rest of World (10%)
Revenue mapping and deployment volume analysis were used to determine the global market valuation. The methodology comprised:
Finding more than fifty major fashion and technology companies in North America, Europe, Asia-Pacific, and Latin America
Mapping solutions between computer vision, machine learning, natural language processing, and recommendation systems
Analysis of annual revenues for AI-in-fashion portfolios, both reported and modeled
coverage of fashion brands and technology suppliers that will account for 75–80% of the world market in 2024
Extrapolation employing top-down (vendor revenue validation) and bottom-up (deployment volume × ASP by country/segment) methods to provide segment-specific valuations for supply chain management, trend forecasting, design support, personalized shopping, and visual search applications