The Business Research Company’s Fashion E-Commerce Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 12, 2022 /EINPresswire.com/ — Technological innovations are one of the leading fashion e-commerce market trends. The companies dealing in the market are adopting new technologies such as artificial intelligence (AI), barcode scanners, virtual reality outfits, and e-commerce automation tools that offer highly personalized and relevant consumer experiences. Moreover, many fashion companies are launching new apps to sell their products online in order to reach a large consumer base. For instance, Amazon launched an AI-powered tool named StyleSnap, which uses machine learning to find similar styles and clothes. StyleSnap is an app wherein people can take a picture, upload, and search for similar clothes available on Amazon.com.
The global fashion e-commerce market size is expected to grow from $668.10 billion in 2021 to $744.40 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The global fashion e-commerce market share is expected to grow to $1,102.96 billion in 2026 at a CAGR of 10.3%.
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The increasing use of the internet and smartphones is expected to contribute to the expansion of the fashion e-commerce market growth. This has also led to an increase in the number of online shoppers. This scenario is anticipated to boost the demand for fashion and other e-commerce markets, generating higher revenue for the online fashion industry over the coming years.
Major players covered in the global fashion e-commerce industry are Amazon, Flipkart, Alibaba, Snapdeal, eBay, Myntra, ShoClues, AliExpress, HomeShop18, and Jabong.
TBRC’s global fashion e-commerce market report is segmented by product into apparel/clothing, accessories, footwear, cosmetics, others, by end-user into men, women, children, by model type into business-to-business (B2B), business-to-consumer (B2C).
Fashion E-Commerce Global Market Report 2022 – By Product (Apparel/Clothing; Accessories; Footwear; Cosmetics), By End User (Men; Women; Children), By Model Type (Business to Business (B2B); Business to Consumer (B2C)) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a fashion e-commerce global market overview, forecast fashion e-commerce market size and growth for the whole market, fashion e-commerce market segments, geographies, fashion e-commerce market trends, fashion e-commerce global market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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Article originally published at https://www.einpresswire.com/article/568267809/fashion-e-commerce-market-grows-at-rate-11-with-the-integration-of-latest-technologies
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