Apparel Software Market Research, 2032
The global apparel software market size was valued at $834.3 billion in 2023, and is projected to reach $1, 818.4 billion by 2032, growing at a CAGR of 9% from 2024 to 2032. Apparel software is an inventory management software that is designed to manage all the business functions of an apparel wholesale & distribution process. This software can perform multiple functions for maintaining different items based on their size, color, and style. This software helps to centralize the business functions such as billing, handling sales, inventory, and handling customer complaints & feedback. Furthermore, this software helps to increase the profitability of a company, which is the major factor leading to its adoption among businesses.
Key Takeaways
The apparel software industry study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2024-2032.
More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major apparel software industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key market dynamics
The global apparel software market growth is significantly rising due to several factors such as the rise in adoption of online shopping in urban and rural areas and the increase in digitization across the globe are some of the main factors anticipated to propel the growth of the market. However, the privacy and security concerns and the high cost of software act as a restraint for the Apparel software market. In addition, the rise in the use of the internet of things (IoT) and artificial intelligence among software developers is expected to provide ample opportunities for the market's development during the forecast period.
Global Clothing Exporters
According to the World Trade Organization, 202 developing countries such as China, Vietnam, Turkey, and India have entered the development stage of expanding textile manufacturing. As a result, their market share in the world’s textile exports rose steadily. These countries also achieved a more balanced textiles/clothing export ratio over the years. These factors are further expected to fuel the growth of the global market.
FIGURE 1: Global Clothing Exporters ($Billion)
Market Segmentation
The apparel software market size is segmented on the basis of deployment mode, application, and region. Depending on the deployment mode, it is segregated into on-premise and cloud. By application, it is categorized into apparel retail, apparel manufacturer, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Regional/Country Market Outlook
The global apparel software market has experienced substantial growth, with North America playing a pivotal role in this expansion. North America leads the market, propelled by robust technological infrastructure, significant investments in smart technologies, and stringent safety regulations that encourage the integration of advanced apparel software solutions. Europe follows closely, with countries such as Germany and the UK at the forefront, leveraging apparel software solutions. In the Asia-Pacific region, rapid digitalization and increasing awareness of smart retail solutions are driving the adoption of apparel software solutions, particularly in China and Japan, where government initiatives support technological advancements.
Industry Trends:
In March 2024, the U.S. government announced a significant investment in the country’s innovation ecosystems, including a focus on the textile industry, through the National Science Foundation’s (NSF) Regional Innovation Engines program.
In September 2023, the U.S. Government raised a $22 million surveillance clothing program. The initiative develops shirts, pants, socks, and underwear that can record audio and video.
In February 2023, the Norwegian government secured $14 million in funding on supporting sustainably driven business operations and allowed to develop of East African manufacturing operations.
Competitive Landscape
The major players operating in the apparel software market share include Systech Infovations Pvt. Ltd., AIMS 360 Apparel Software, Apparel Business Systems, Oracle Corporation, Orderhive Inc., Fast React Systems Ltd., AF Technologies, Inc., PowerSoft Computer Solutions Ltd., ApparelMagic, Computer Generated Solutions, Inc.
Recent Key Strategies and Developments
In May 2024, World Textile Sourcing (WTS) partnered with WFX – World Fashion Exchange to deploy WFX’s 100% cloud-based Apparel ERP software across their global business. This strategic alliance with WFX aims to propel WTS into a new era of digital transformation, efficiency, innovation, and visibility.
In May 2022, Aptean acquired RLM Apparel Software Systems (RLM) . The acquisition of RLM broadens Aptean’s range of cloud-based software products designed especially for the fashion and apparel industry.
Key Sources Referred
National Portal of India
Internet Society
IEEE
World Economic Forum
Key Benefits for Stakeholders
This report provides a quantitative analysis of the apparel software market forecast segments, current trends, estimations, and dynamics of the apparel software market analysis from 2023 to 2032 to identify the prevailing apparel software market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the apparel software market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global apparel software market Statistics.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional and global apparel software market trends, key players, market segments, application areas, and market growth strategies.
Apparel Software Market Report Highlights
Aspects | Details |
Market Size By 2032 | USD 1818.4 Billion |
Growth Rate | CAGR of 9% |
Forecast period | 2024 - 2032 |
Report Pages | 350 |
By Deployment Type |
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By Application |
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By Region |
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Key Market Players | Oracle Corporation, Systech Infovations Pvt. Ltd., Apparel Business Systems, Computer Generated Solutions, Inc., AF Technologies, Inc., AIMS 360 Apparel Software, Orderhive Inc., PowerSoft Computer Solutions Ltd., Fast React Systems Ltd., ApparelMagic |
Apparel software is increasingly incorporating AI and machine learning to enhance predictive analytics, demand forecasting, and trend analysis.
Apparel Retails is the leading application of Apparel Software Market.
North America is the largest regional market for Apparel Software.
$1,818.4 billion is the estimated industry size of Apparel Software by year 2032.
Systech Infovations Pvt. Ltd., AIMS 360 Apparel Software, Apparel Business Systems, Oracle Corporation, Orderhive Inc., Fast React Systems Ltd., AF Technologies, Inc., PowerSoft Computer Solutions Ltd., ApparelMagic, Computer Generated Solutions, Inc. are the top companies to hold the market share in Apparel Software.
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