With digital-first culture today, artificial intelligence is redefining the dynamics of how consumers shop. From fashion guidance to data-driven styling guidance, AI-driven personal shopping apps like Stitch Fix have totally transformed customer experience. Fashion companies, startups, or tech companies wanting to learn just exactly how much does it really cost, that is, especially in finance, to develop an app like this, you're on the right page.
This blog is going to take you through all of that: industry figures, features, cost estimation, development process, monetization strategy, and how exactly you can coordinate with Declone Labs and bring your dream into reality.
The Rise of AI in Fashion: Market Stats & Industry Buzz
Fashion AI business is booming. Fashion AI business is expanding worldwide to reach $4.4 billion by 2027 with more than 40% CAGR, as per Statista. Users are looking for more personalized shopping, and AI is an invisible facilitator.
These businesses have benefited from so much of a demand. They provide highly personalized fashion recommendations to the doorstep of a customer via AI technology and human fashion consultants. The success story of Stitch Fix, which made more than $1.6 billion in revenue in 2023, informs us about how the combination strength of AI-driven websites and personal stylists can prove to be a massive success.
For a deeper dive into this topic, check out the full article here: Cost to Build an App Like Stitch Fix
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