PUBLISHER: Allied Market Research | PRODUCT CODE: 1225133
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225133
The digital clothing market was valued at $498.7 million in 2021 and is projected to reach $4,799.47 million by 2031, registering a CAGR of 26.41% from 2022 to 2031. Digital clothing is computerized clothes that are created with the use of pixels and digital technologies. They can be created for digital purposes such as the gaming sector, social media, and online shopping sector, where one can wear them in virtual systems not physically.
The market for digital clothing is anticipated to grow significantly over the course of the forecast period due to the rising development of the metaverse, growing demand for sustainable clothing, and a surge in digitalization. However, the primary factor preventing market expansion is the high cost of digital garments, which limits consumer demand.
On the contrary, increase in trend for fast fashion trend and non-fungible tokens (NFTs) and the rapid advancement in augmented reality (AR) and virtual reality (VR) in the gaming industry are anticipated to drive the growth of the virtual people market during the forecasted period.
The global digital clothing market research is segmented into technology type, transaction type, application area, and region. On the basis of technology type, the market is categorized into 3D software, blockchain, artificial intelligence (AI), and others. On the basis of transaction type, the market is bifurcated into on-chain and off-chain. On the basis of application area, the digital clothing market is categorized into digital content creation, fashion design & technology, gaming, and others.
On the basis of region, the digital clothing market trends are analyzed across North America (the U.S. and Canada), Europe (Germany, Italy, France, Spain, UK, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Key players operating in the market Adidas AG, Auroboros, Dolce & Gabbana S.r.l., DRESSX, Kering (Gucci), H&M Group, LVMH, Nike, Inc., Replicant, Inc. and The Fabricant.
Key Benefits For Stakeholders
By Technology
By Transaction
By Application Area
By Region