Global fashion design and production software market reached a valuation of US$ 1,678.8 million in 2021 and is estimated to reach a valuation of US$ 2,753.4 million by 2027, recording a CAGR of 8.9% during the projection period, 2022-2027.
The global fashion design and production software market is primarily driven by increasing awareness among the population about trends in fashion. Today, all sizes of clothing design businesses are benefiting from fashion design and production software since it can offer numerous benefits ranging from features like rendering to styling and choosing colors, among others.
The software is increasingly being used for apparel designing among clothes producers and fashion designers to generate clothing or clothing patterns. With the help of this technology, their job of creating concept drawings, product specifications, and even specific pattern pieces has become easier than ever.
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Key Dynamics of Fashion Design and Production Software Market
Driver
Growing Awareness Among Consumer about Fashion and Improving Fashion Sense
From the development of the sewing machine to the rise of e-commerce, the fashion design and production software market has always been at the forefront of innovation. Fashion is cyclical and futuristic, just like technology.
Virtual reality mirrors in changing rooms, sewing and cutting robots, AI algorithms that forecast fashion trends, and a bevy of other innovations show how technology is automating, customizing, and accelerating the fashion business. As a result, fashion companies of all kinds and specialties are better at using technology to understand their clientele than ever before.
Artificial intelligence will revolutionize firms' approaches to product invention and development, focusing on forecasting what consumers want to wear next as data collection efforts get more advanced.
Growing Automation Adoption in the Fashion Industry
By analyzing consumer behavior in the fashion design and production software market, shops can use AI to help them determine what sells and what doesn't. As a result, they will be able to arrange their inventory and upcoming orders more effectively. In addition, by analyzing weather forecasts, AI can help retailers predict "time to market" more precisely.
Nowadays, robots play a crucial role in most distribution centers' operations, making the pick-and-ship process more streamlined and effective than ever while using fewer people. But more than just manual labor is being displaced.
Jobs in trend forecasting, which once required extensive travel to gather first-hand knowledge about novel goods, practices, and concepts, are increasingly being replaced by highly sophisticated software in the fashion design and production software market.
Restraint
Lower Adoption of Technology in Traditional Designers
Traditional designers rely on something other than specialized software created for qualitative data analysis but rather a variety of tools.
Despite some groups' accurate predictions, the public still needs to adopt smart clothes. However, many recently unveiled wearable technologies have a low penetration rate in the global fashion design and production software market, and wearable device purchases and real usage have yet to keep up with expectations. In contrast, consumer awareness of wearable technology is high, suggesting that wearable technology is still predominantly employed by early adopters and has yet to gain widespread adoption.
Most traditional fashion companies in the global fashion design and production software market are still apprehensive about working with internet behemoth e-commerce players because they fear losing control of their brand or company.
Segmental Analysis
Type Analysis
Based on type, the fashion design and production software market is segmented into cloud based and on-premises.
Cloud based segment is growing at a CAGR of 9.72% whereas on premises segment is growing with a CAGR of 7.74%.
On-premises and cloud-based segments vary in one key sense.
Data security will always be a major responsibility in the fashion design and production software market, regardless of whether a company decides to host its program on-premises or in the cloud. However, for businesses operating in highly regulated sectors, the choice to host their applications on-site may already have been made. Companies could feel more at ease knowing that their data is stored on internal servers and IT infrastructure.
Application Analysis
Based on application, the fashion design and production software market is segmented into large enterprises and Small & Medium enterprises. Large enterprises segment is growing at a CAGR of 8.53% whereas SMEs are growing at a CAGR of 9.86%. Due to the heavy workload and high production demands, major businesses dominated the fashion design and production software markets.
This necessitates using software that can readily automate and control the operation. Furthermore, due to the extensive knowledge of the use of fashion design software in these enterprises, it is projected that these SMEs would have considerable growth rates. Therefore, the market will develop as these businesses adopt technology more.
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Regional Analysis
North America held the highest share of the global fashion design and production software market by generating a revenue of 585.3 million in 2020. In addition, the region North America is anticipated to grow quickly in the coming years thanks to existence of major fashion design and production software providers in the region, including Autodesk, Computer Generated Solutions, Vetigraph, and Gerber Scientific International Inc.
In 2020, the US shipments of clothes, textiles, and man-made fibers were valued at US$ 64.4 billion. Even though production was lower in 2020 than it was in 2019, the latter few months of the year saw an upward trend as exports gradually increased after reaching a low in April.
Competitive Landscape:
As per Astute Analytica, Adobe, Corel, C-Design Fashion, Autodesk, and CGS are top 5 players and they are collectively holding around 45% market share. Partnerships, product launch & developments, and new innovations are the key strategies developments these players have opted to sustain in the rapidly growing fashion design and production software market.
Growth Strategies of key players:
Segmentation Overview
Global fashion design and production software market is sub-segmented into:
By Type
By Application
By Region
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 1,678.8 Million |
Expected Revenue in 2027 | US$ 2,753.4 Million |
Historic Data | 2016-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 8.9% |
Segments covered | By Type, By Application, By Region |
Key Companies | Adobe, Autometrix, Corel, Autodesk, CGS, Tukatech, Vetigraph, Modern Hitech, C-Design Fashion, F2iT, Wilcom, K3 Software Solutions, PatternMaker Software, Polygon Software, SnapFashun Group, Gerber Technology, Optitex, Lectra, CLO3D, Browzwear, Other Prominent Players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Software for apparel design is used by clothes producers and fashion designers to generate clothing or clothing patterns. These technologies allow designers to create concept drawings, product specifications, and even specific pattern pieces.
The regulatory provisions issued by FFA by United states and EU Textile regulations are some legislations impacting the growth of market.
Rising adoption of automation in fashion designing Industry boost market growth.
The Global Fashion Design and Production Software Market is projected to grow at a CAGR of 8.9% with revenue of US$ 1,678.8 Mn in 2021 and is expected to reach US$ 2,753.4 Mn by 2027.
Increasing awareness among the population about trends in Fashion. All sizes of clothing design businesses can benefit from the fashion design and production software, which has a wide range of features like rendering, styling, colours, and others.
The SMEs segment holds the largest CAGR in the Global Fashion Design and Production Software Market during the forecast period.
The Lack of technology usage by traditional designers inhibits the growth of the Fashion Design and Production Software during the forecast period.
North America region holds the major share in term of revenue in the Global Fashion Design and Production Software Market.
United States holds the major share in term of revenue in the Fashion Design and Production Software Market.
Initiatives promoting growth of textile Industry worldwide provides a lucrative growth opportunity in the Fashion Design and Production Software Market.
Type, Application and Region are the different segments in the global Fashion Design and Production Software Market.
Adobe, Autometrix, Corel, Autodesk and CGS among others.
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