Generative AI in Fashion and Retail: Customization and Personalization Trends

Global Generative ai market was worth USD 10.6 Bn in 2022, and is projected to grow at a CAGR of 31.4% to reach USD 151.9 Bn from 2023 to 2032.

According to marketresearch.biz Generative AI Market Demand and Trend
Generative Artificial Intelligence (AI) is gaining traction across various industries, including art, music, gaming, and design. Its ability to create content autonomously and mimic human creativity has garnered interest from businesses seeking innovative solutions. The generative AI market is witnessing rapid expansion as companies integrate these technologies into their products and services to enhance customer experiences and optimize processes.

Market Segmentation
By Component

  • Services
  • Software

By Technology

  • Generative Adversarial Networks (GANs)
  • Transformer
  • Variational Auto-encoder (VAE)
  • Diffusion Networks

By End-User

  • Media Entertainment
  • BFSI
  • IT Telecommunication
  • Healthcare
  • Automotive Transportation
  • Other End-Users

Top Important players

  • IBM Corporation
  • Google LLC
  • Microsoft Corporation
  • Intel Corporation
  • Amazon Web Services, Inc.
  • NVIDIA Corporation
  • OpenAI
  • Alphabet Inc.
  • Salesforce.com, Inc.
  • Adobe Inc.
  • Other Key Players

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Generative AI Market Restraints and Opportunities
Restraints:

  • Data privacy concerns and ethical considerations related to AI-generated content.
  • Limited interpretability and transparency of AI-generated outputs.
  • High computational and hardware requirements for training generative AI models.

Opportunities

  • Increased adoption of AI in various industries like art, design, and gaming.
  • Advancements in AI research leading to improved model performance.
  • Potential applications in creative content generation, drug discovery, and more.

In conclusion, the Generative ai Market size encompasses all past, present, and future market trends that will reveal expansion and pave the way for market participants' business opportunities.

 

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Lisa Harley

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