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AI Driven Transformation, Online Fashion Retail Market in India to Grow by USD 51.8 Billion (2024-2028) Amid Rising Internet and Smartphone Use

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NEW YORK, Sept. 13, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global online fashion retail market in India size is estimated to grow by USD 51.79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  25.2%  during the forecast period. Rise in internet and smartphone penetration is driving market growth, with a trend towards rise of social media. However, presence of payment barriers  poses a challenge. Key market players include Adidas AG, Aditya Birla Management Corp. Pvt. Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., Benetton Group Srl, Dolce and Gabbana S.r.l., eBay Inc., Gildan Activewear SRL, GioTech, H and M Hennes and Mauritz GBC AB, Levi Strauss and Co., Naaptol Online Shopping Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., Shoppers Stop Ltd., Snapdeal Ltd., Tata Sons Pvt. Ltd., The Gap Inc., V Mart Retail Ltd., and Walmart Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Online Fashion Retail Market In India Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 25.2%

Market growth 2024-2028

USD 51792.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

19.78

Regional analysis

India

Performing market contribution

APAC at 100%

Key countries

India

Key companies profiled

Adidas AG, Aditya Birla Management Corp. Pvt. Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., Benetton Group Srl, Dolce and Gabbana S.r.l., eBay Inc., Gildan Activewear SRL, GioTech, H and M Hennes and Mauritz GBC AB, Levi Strauss and Co., Naaptol Online Shopping Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., Shoppers Stop Ltd., Snapdeal Ltd., Tata Sons Pvt. Ltd., The Gap Inc., V Mart Retail Ltd., and Walmart Inc.

Market Driver

The Indian online fashion retail market is experiencing significant growth due to increasing mobile penetration and the widespread use of social media. Social commerce, a new e-commerce trend, is revolutionizing the industry by enabling consumers to buy and sell products directly through social media platforms. Major social media sites like Facebook, Instagram, YouTube, Pinterest, and Snapchat offer opportunities for social commerce, allowing users to purchase fashion items directly from their news feeds. This trend simplifies the shopping experience for customers while helping brands increase sales leads and expand their reach. Social commerce provides a vast selection of choices, shared user experiences, and referrals, influencing consumer decision-making. As a result, the number of e-commerce orders in the fashion sector has risen, making social commerce a crucial driver of growth in the online fashion retail market in India. 

The Indian online fashion retail market is witnessing a growth due to urbanization, rising disposable incomes, and an increasing urban population. Technology plays a significant role, with moisture-wicking fabrics, UV protection, and design trends driving demand for apparel, footwear, accessories, and jewelry. Versatile fabrics are popular, with key vendors focusing on sustainability and customization. Fashion categories like athleisure, innerwear, ethnic fusion wear, and sneaker culture are trending. Rural markets are also tapping into this growth, with logistics and digital payment systems facilitating sales. Key participants include organized retailers, e-commerce portals. The market’s summation shows e-commerce sales increasing, driven by personalization, customization, and omnichannel retailing. Key vendors include Myntra, Jabong, Amazon India, Flipkart, and FirstCry. 

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Market Challenges

The online fashion retail market in India faces challenges in growth due to several factors. A significant portion of the population prefers cash transactions due to comfort and security concerns. Many potential customers, particularly in rural areas, lack access to banking services and reliable internet connectivity, hindering their ability to make online payments. Moreover, concerns over data security and fraudulent activities deter some customers from using digital payment methods. The complexity of online payment processes also confuses some users, adding to the market’s challenges during the forecast period. According to the Reserve Bank of India, payment frauds increased to 1.5 million in March 2024 from 1.15 million in the previous six months. These factors limit the expansion of the online fashion retail market in India.The Indian online fashion retail market is witnessing significant growth in various segments such as innerwear, ethnic fusion wear, sneaker culture, and rural markets. Logistics and digital payment systems are key challenges for e-commerce sales. Sustainable fashion, including eco-fashion and ethical fashion, is gaining popularity with consumers. Key parameters like organic cotton, bamboo, linen, recycled materials, and low-impact dyes are driving this trend. The apparel industry faces challenges related to the use of synthetic pesticides, fertilizers, and waste, leading to pollution and high water and energy consumption. Key participants include online shopping portals, fashion designers, and key vendors. Omnichannel retailing and performance-focused gear like athletic wear, leisure wear, and formal wear are popular categories. The summation of data from multiple sources indicates a promising future for the industry, with a focus on fair labor practices and functional clothing.

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Segment Overview 

This online fashion retail market in India report extensively covers market segmentation by

Product 1.1 Apparel1.2 Footwear1.3 Bags and accessoriesGender 2.1 Women2.2 Men2.3 ChildrenGeography 3.1 APAC

1.1 Apparel-  The online fashion retail market in India is growing rapidly. In 2020, the market size was valued at USD3 billion and is projected to reach USD6.5 billion by 2025. Consumers prefer the convenience and wide selection offered by online platforms. Major players like Amazon, Flipkart, and Myntra dominate the market, utilizing advanced technologies like AI and ML for personalized shopping experiences. The government’s push for digitalization further boosts the sector’s growth.

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Research Analysis

The online fashion retail market in India is witnessing rapid growth, driven by urbanization, increasing disposable incomes, and a growing urban population. With the rise of nuclear families and the convenience of digital payment systems, e-commerce sales in the apparel industry have grown. Key sectors include Apparel, Footwear, Accessories, Jewelry, and more. Styles vary from traditional to contemporary, with an increasing focus on eco-fashion and ethical fashion. Wardrobe essentials like organic cotton, bamboo, linen, and synthetic-pesticide-free fabrics are gaining popularity. Omnichannel retailing and online shopping portals are key participants, catering to smartphone users with high internet penetration. The market is vibrant and diverse, offering a wide range of choices for fashion-conscious consumers.

Market Research Overview

The online fashion retail market in India is experiencing exponential growth, fueled by urbanization, rising disposable incomes, and an increasing urban population. Nuclear families and the growing trend of personalization and customization are driving demand for various fashion categories, including apparel, footwear, accessories, and jewelry. Urban markets are leading the charge, but there’s also a significant opportunity in rural areas. Apparel styles range from eco-fashion and ethical fashion to athleisure, innerwear, ethnic fusion wear, sneaker culture, and more. Sustainability is a key parameter, with a focus on organic cotton, bamboo, linen, and recycled materials. The fashion industry is addressing environmental concerns by reducing the use of synthetic pesticides, fertilizers, and promoting sustainable practices. Technology plays a crucial role, with moisture-wicking fabrics, UV protection, and low-impact dyes enhancing the shopping experience. Online shopping portals, digital payment systems, and omnichannel retailing are transforming the industry, making fashion accessible to a wider audience. Key parameters include logistics, sustainable fashion, and fair labor practices. Athleisure, leisure wear, gym clothing, and performance-focused gear are popular categories, catering to the growing health and fitness trend. Fashion designers are incorporating technology into their designs, creating versatile, functional, and stylish clothing. The future of the online fashion retail market in India is bright, with numerous opportunities for key participants and vendors to thrive.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductApparelFootwearBags And AccessoriesGenderWomenMenChildrenGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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48-Hour Saudi Visa Processing, Major Discounts and Unmissable Giveaways – Only at ‘Spectacular Saudi’ in Mumbai

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NEW DELHI, Sept. 21, 2024 /PRNewswire/ — Saudi’s national tourism brand, ‘Saudi Welcome to Arabia’ is hosting its first-ever immersive consumer event ‘Spectacular Saudi’, from September 25 to October 2,  from 2:00 p.m. – 10:30 p.m. at R2 Ground in BKC, Mumbai.

Slated to transport visitors straight to the Heart of Arabia; the 8-day immersive experience will give visitors a glimpse into Saudi’s many wonders and iconic experiences – all while extending the warm Saudi welcome. To give consumers a truly memorable experience Saudi is offering exclusive giveaways and discounts specially curated for Indian travellers.

What’s more, Indian travellers can fast-track their Saudi visas exclusively at the event. All you need is a valid Visa or Mastercard credit card! Head on over to one of eight dedicated Tasheer kiosks, ensure the name on the credit card matches the passport, and have sufficient funds available on the card. After that, sit back and relax as your visa will be in hand within 48 hours!

It has never been easier to visit Saudi. With the most seamless visa process offered to date, the excitement doesn’t end there. On the travel front, SAUDIA Airlines is offering special deals, including a buy one get 50% off on the second ticket if travelling business class. Additionally, all economy class tickets will be 15% off. Attendees will also have the chance to participate in daily giveaways for free flight tickets for two to Saudi. With over 50+ travel trade offers, visitors can access incredible cashback and discounts on Saudi travel packages. Additionally, those booking Saudi packages will enjoy complimentary cultural city tours. Group tour packages to Riyadh, Jeddah, and Dammam will be available exclusively at the event, starting at INR 99,999 for 5 nights.

Visitors can expect unique immersive experiences–including exhibits, culinary delights, Ardah dancers, Saudi coffee, traditional scents, and fashion–all under one roof. So don’t miss out and register here to experience a piece of Saudi, right in the heart of Mumbai.

Photo – https://mma.prnewswire.com/media/2511104/Spectacular_Saudi.jpg

 

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Indian Cancer Genome Atlas Launches the Country’s First Comprehensive Cancer Multi-Omics Data Portal

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Offers open access to cancer data for research

NEW DELHI, Sept. 21, 2024 /PRNewswire/ — The Indian Cancer Genome Atlas (ICGA) has launched India’s first comprehensive cancer multi-omics data portal. This pioneering platform provides open access to clinically correlated data from Indian cancer patients, aimed at transforming cancer research and treatment for Indian populations.

Historically, cancer treatments in India have been based on Western data sets. However, cancers in Indian patients can differ significantly at the molecular level. ICGA’s mission is to create Indian-specific datasets to help researchers and clinicians develop personalized treatment protocols. This new open-access portal represents a monumental step in revolutionizing cancer research, specifically for Indian patients.

The ICGA cancer multi-omics portal is the first in India to offer data that includes DNA, RNA, and protein profiles of breast cancer patients, integrated with clinical outcomes. Currently, the platform consists of data from 50 breast cancer patients, with plans to expand to over 500 patients in the coming year. This data is freely accessible to the global research community under India’s PRIDE guidelines, which promote ethical sharing and collaboration in cancer research.

Key Highlights of this portal include:

India’s First Cancer Multi-Omics Data Portal: A comprehensive resource that offers detailed multi-omics data for breast cancer patients, including genomic and proteomic information.Based on cBioPortal Platform: Derived from the internationally recognized cBioPortal, this platform ensures seamless integration with global cancer research efforts.Initial Dataset from 50 Indian Patients: Provides clinically annotated DNA, RNA, and protein profiles, along with treatment histories and patient outcomes, with an aim to scale up to 500 in a year.Free Access Under PRIDE Guidelines: Adhering to responsible and ethical data-sharing practices, the portal is freely accessible to the scientific community.A Step Toward Precision Oncology for Indian Patients: This initiative is designed to enable the development of personalized cancer treatments tailored to Indian patients.Call for Collaboration:  ICGA invites researchers worldwide to contribute and expand the platform, fostering global collaboration in cancer research.

Professor Shekhar C. Mande, Former DG-CSIR, Currently Senior Professor at Savitribai Phule Pune University
“Making this invaluable cancer data publicly accessible marks a pivotal step in accelerating scientific discoveries and enhancing patient outcomes. By openly sharing this data, we are empowering researchers, clinicians, and innovators to collaborate, explore new frontiers, and drive transformative breakthroughs in cancer treatment.”

Joint Statement from Dr JC Zenklusen – Director of The Cancer Genome Atlas (TCGA) at the NCI, NIH, USA, and Prof Sunil Badve – Vice Chair, Pathology Cancer Programs, Department of Pathology and Laboratory Medicine, Emory University School of Medicine, Atlanta, Georgia, USA
“Fifteen years ago, when we launched TCGA, we could not have foreseen the remarkable progress cancer research would make. It is incredibly exciting to see ICGA advancing so rapidly and taking bold steps in revolutionizing cancer research. Understanding the genome of cancer patients will improve the treatment of Indians not only in India but also worldwide. We, both, encourage others with similar data to actively contribute to ICGA, so this initiative can grow even faster and drive greater breakthroughs.”

Dr. Anand Deshpande, Chairman and Managing Director at Persistent, and Non-Executive Director at ICGA
“We have made an excellent start with this groundbreaking multi-omics cancer portal. Cancer touches all of us, and the need for more effective, personalized treatments—especially tailored to the unique genetic and environmental factors in India—is urgent. This portal will empower researchers with crucial data to advance customized cancer research for better treatment outcomes. I encourage everyone to contribute and support this vital cause, helping us accelerate progress in the fight against cancer.”

About Indian Cancer Genome Atlas (ICGA):
The Indian Cancer Genome Atlas (ICGA) is a national initiative focused on mapping the genomic, transcriptomic, and proteomic landscapes of cancers across India. As a section 8 not-for-profit organization, the ICGA Foundation, operates through a public-private-philanthropic partnership, with active support from over 50 clinicians, researchers, and data analysts. Its mission is to enhance cancer diagnosis and treatment for Indian patients and contribute to the global understanding of cancer biology. The foundation’s first project focuses on the multi-omics profiling of breast cancer, with plans to extend this effort to other types of cancer in the future.

https://www.icga.in/

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Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”

To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.

In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.

Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.

Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.

For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.

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