According to our latest study on "Fashion Design Software Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis– by Type and End User,” the fashion design software market size was valued at US$ 744.67 million in 2022 and is expected to reach US$ 1334.20 million by 2030; it is estimated to record a CAGR of 7.6% from 2022 to 2030.
Advent of AI, VR, and AR to Provide Lucrative Opportunities for Fashion Design Software Market Growth During Forecast Period
Advanced technologies such as AI, AR, and VR are transforming the fashion industry from physical to digital spaces. This digital transformation is creating various opportunities for collaboration between the fashion and technology industries. For instance, in June 2021, CLO Virtual Fashion, which develops true-to-life, 3D garment simulation technology for fashion and film/gaming industries, launched CLO-SET Connect—a global community of fashion creators. It is a platform that empowers digital assets through an open marketplace, portfolio management tools, and networking solutions. Various vendors and creators are connecting through this platform, which is anticipated to offer promising growth opportunities for the fashion design software market. Furthermore, various start-ups are offering cutting-edge technology, such as digital twins, VR, and AI. For instance, Spree3D, an American start-up established in 2020, deals in enhancing the digital fashion experience. With the help of advanced technology, it creates animated avatars of customers that can instantly wear digital fashion within video experiences. Similarly, Veesual AI, a French start-up that was established in June 2020, offers virtual try-on experiences for the fashion and e-commerce industries. With the help of AI, the company combines images of clothing and customers with photorealistic results. Thus, with the advent of AI, AR, and VR, the digital fashion industry is growing, which is likely to offer lucrative opportunities for the fashion design software market growth in the coming years
Key Findings of Fashion Design Software Market Study:
The fashion design software market is segmented on the basis of type, end user, and geography. Based on type, the fashion design software market is bifurcated into 2D software and 3D software. Based on end user, the market is segmented into enterprises, individuals, and institutions. Geographically, the fashion design software market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Based on type, the fashion design software market is bifurcated into 2D software and 3D software. The 3D segment held the largest share of the fashion design software market in 2022. The use of 3D fashion design software has been rapidly growing in the apparel industry in recent years, with more and more fashion designers, brands, and manufacturers incorporating this technology into their design processes. 3D fashion design software allows designers to create detailed 3D models of their designs; experiment with different colors, fabrics, and patterns; and even simulate how the final product will look and move on a virtual model; this allows designers to make changes and adjustments early in the design process, reducing the need for physical samples and saving time and resources. The launch of the NVIDIA DLSS 3 Plugin for Unreal Engine 5.2 signifies the increasing influence of 3D software in the fashion design sector. This integration empowers designers, propelling real-time 3D content creation with AI enhancements. As technological tools converge, the fashion industry gains novel avenues for creativity and efficiency. Also, in this thriving fashion design software industry, 3D software contributes a larger share compared to 2D software, and it is projected to witness the highest growth between both segments
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