Fashion Trend Forecasting Service Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global fashion trend forecasting service market was valued at approximately $3.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2028. This growth is driven by increasing demand for data-driven insights and predictive analytics to stay ahead in the rapidly evolving fashion industry. The rise of e-commerce, coupled with advancements in artificial intelligence and big data analytics, has significantly influenced market dynamics, leading to an accelerated adoption of forecasting services across various segments, including apparel, accessories, and footwear.
Opportunities within the fashion trend forecasting service market are abundant, particularly in emerging markets such as Asia-Pacific and Latin America. These regions are experiencing a surge in fashion consumption and retail expansion, presenting lucrative prospects for forecasting service providers. The growing inclination towards personalized fashion experiences and sustainability trends further enhances market potential. Additionally, the integration of advanced technologies like machine learning and augmented reality in trend forecasting is expected to open new avenues for innovation and growth in the coming years.
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Neural Pocket
Heuritech
TRENDZOOM
WGSN
Trendstop
Doneger Group
Fashion Snoops
Patternbank
Trendcouncil
F-trend
Eclectic trends
ModaCable
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fashion Trend Forecasting Service Market
Apparel Companies
ODMs (Original Design Manufacturers)
Based on Types the Market is categorized into Below types that held the largest Fashion Trend Forecasting Service market share In 2023.
On-Premises
Cloud Based
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fashion Trend Forecasting Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fashion Trend Forecasting Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fashion Trend Forecasting Service Market, By Type
6. Global Fashion Trend Forecasting Service Market, By Application
7. Global Fashion Trend Forecasting Service Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fashion Trend Forecasting Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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