Fashion Tech

Incorporating technology into the fast-moving world of fashion

Overview

The fashion industry is constantly evolving to incorporate new styles, designs, and trends every new year and season. With this evolution, companies constantly rely on technology to give themselves an edge over competitors. As such, the Fashion Tech industry also sees constant evolution and growth and is characterized by a blend of creativity and technological advancement, with startups and established brands collaborating to redefine how fashion is consumed and experienced globally.

A major reason for the growth of the Fashion Tech industry is the development of technologies such as AI, machine learning, and the automation of manufacturing processes. Companies offering manufacturers and retailers technology solutions are themselves constantly looking for competitive edges to stand out as these technologies become more accessible. This typically results in disruptors opting to develop platforms that serve specific niches in the fashion space. 

As such, we have segmented the disruptors according to their niche areas of operations. There are five categories: 1) Custom clothing providers, 2) Virtual fit-on and body scanning solutions, 3) Digital styling and outfit recommendation platforms, 4) Customer analytics and business enhancement platforms, and 5) Textile manufacturing innovation platforms. 

Note: Additional sections (such as market sizing, detailed overview, and incumbents) can be provided on request.

The Disruptors


Funding History

Notable Investors


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Industry Scope

This industry focuses on companies developing Fashion Tech platforms that offer the following:
1) Custom clothing providers: Companies that use technology to capture users' sizes to create custom clothing on demand. Companies in this segment typically operate on a D2C basis.
2) Virtual fitting rooms and body scanning solutions: Online platforms that help retailers and manufacturers enable their customers to virtually try on apparel. Companies in this space operate using a mix of D2C and B2B2C business models.
3) Digital styling and outfit recommendation platforms: Platforms that help provide style and outfit recommendations to customers based on their preferences. Companies in this space operate using a mix of D2C and B2B2C business models.
4) Customer analytics and business enhancement platforms: Platforms and systems that track trends and data for both retailers and manufacturers to optimize operations. Companies in this segment typically operate using a B2B model, offering their platforms to both fashion retailers and apparel manufacturers.
5) Textile manufacturing innovation and inventory platforms: Platforms that help apparel manufacturers and retailers disrupt traditional manufacturing and inventory practices through innovation. Companies in this segment typically operate using a B2B model, offering their platforms to both fashion retailers and apparel manufacturers."
However, we exclude the companies that carry out the following when selecting companies for this industry:
1) Companies that create renewable materials for fashion purposes (covered under Bio-based materials)
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