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The Fashion Technology industry is rapidly expanding, driven by e-commerce growth and consumer demand for personalization and sustainability. It's revolutionizing traditional retail by integrating AI, data analytics, and new supply chain models to enhance customer experience, optimize operations, and address environmental concerns like textile waste. Companies are focusing on solutions for fit, on-demand manufacturing, and circularity.
Total Assets Under Management (AUM)
Online Apparel Sales in United States
~180.5 billion USD (2023, Statista)
(15-20% CAGR)
Online apparel sales are driven by increased e-commerce adoption.
Convenience and wider selection contribute to growth.
Personalization and sustainable options boost consumer interest.
230 billion USD
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