Connect with us

Technology

Online Apparel Retailing Market size is set to grow by USD 278.8 billion from 2024-2028, Rising popularity of digital payment system boost the market, Technavio

Published

on

NEW YORK, July 10, 2024 /PRNewswire/ — The global online apparel retailing market size is estimated to grow by USD 278.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.2%  during the forecast period. Sustainability is increasingly pivotal in the global online apparel retail market, as consumers prioritize eco-friendly and ethically sourced products. Major players like Adidas AG and ASOS Plc are integrating sustainable practices into their supply chains, aiming to reduce carbon footprints and promote fair labor practices. Despite challenges such as counterfeit products, the market’s robust growth, driven by digital payment systems and mobile commerce trends, underscores the industry’s shift towards more environmentally conscious consumer choices. Alibaba Group Holding Ltd., Amazon.com Inc., and JD.com Inc. are also leveraging network marketing to expand their sustainable product offerings.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Online Apparel Retailing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.2%

Market growth 2024-2028

USD 278.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.88

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 51%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

Adidas AG, Alibaba Group Holding Ltd., Amazon.com Inc., ASOS Plc, BANGGOOD TECHNOLOGY Co. Ltd., Cotton On Group, Dolce and Gabbana S.r.l., Gildan Activewear Inc., Giordano International Ltd., JD.com Inc., Kering SA, Levi Strauss and Co., LVMH Group., M. H. Alshaya Co. WLL, OTB Spa, Ralph Lauren Corp., SSENSE, Staples Inc., The Gap Inc., and Walmart Inc.

Market Driver

The rise in mobile commerce is primarily driven by the growing number of consumers purchasing new mobile devices and retailers creating more shopping opportunities. Major players in the online apparel retailing market, including Amazon.com, Flipkart, Alibaba Group, and L’Oreal, have launched mobile applications in addition to their websites. This trend is expected to continue as consumers become more accustomed to shopping via mobile devices. Retail sales through mobile devices, particularly for apparel, are projected to increase significantly. To cater to this trend, most online retailers have developed mobile versions of their shopping portals. Key vendors like Amazon.com and eBay offer mobile applications compatible with various operating systems, enabling seamless shopping experiences for users. The increasing adoption of mobile wallets is also expected to fuel market growth during the forecast period. 

The online apparel retail market is experiencing significant growth with statistical data showing a steady increase in e-commerce sales. Consumers value the convenience and accessibility of shopping for clothes online via ecommerce platforms and mobile shopping. Wide product selection, personalization, ease of returns, and cost savings are key drivers. Social media influences purchasing decisions, and sustainability and ethical shopping are emerging trends. Global expansion, subscription services, free shipping, and customer reviews also contribute to the market’s growth. Brands focus on consumer trust, reverse logistics, product quality, and inventory management. Shipping costs, last-mile delivery, and rising advertising costs are challenges. Changing consumer trends, regulatory compliance, and market saturation are factors to watch. Online retail services on the internet through websites and mobile applications facilitate B2B and B2C sales of apparel, clothes, accessories, and more, making online shopping an authentic and convenient alternative to brick-and-mortar stores. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

The online apparel retailing market faces several challenges. Rent for physical locations and production costs are rising, making it harder for fashion firms to maintain profitability. The coronavirus epidemic forced many consumers to shop for essential products online during the lockdown period. Retail therapy shifted from physical stores to e-commerce platforms. However, challenges remain, such as time-consuming processes like physical verification and received product inspections. Fashion firms must adapt to consumer buying habits and preferences using AI and machine learning. American apparel production firms like INSPR offer limited-edition collections and collaborate with influencers for brand development and marketing services. E-commerce giants like Draper focus on digital sales, specialty markets, and innovative technology for automation and doorstep delivery. Microeconomic factors like multinational offshored apparel production and restocking facilities require complex data analysis using PORTER analysis. Decision-makers must navigate these challenges with simple language and innovative technology to stay competitive. The market for jeans, sportswear, and protective clothing remains strong, with consumers seeking essential products and fashion decisions made online.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This online apparel retailing market report extensively covers market segmentation by  

End-user 1.1 Men apparel1.2 Women apparel1.3 Children apparelProduct 2.1 Upper wear apparel2.2 Bottom wear apparel2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Men apparel-  The men’s apparel market is witnessing a notable increase in sales due to the growing acceptance of business casual attire in corporate settings. Men’s clothing, including hats, scarves, gloves, and a variety of tops, bottoms, coats, jackets, suits, intimates, and sleepwear, is becoming increasingly popular. Lifestyle shifts, a growing cosmopolitan culture, and rising affluence are driving significant changes in men’s wardrobes. Fast-fashion brands are introducing Western fashion trends to emerging markets, expanding the influence of fashion into men’s clothing. In the coming years, the luxury apparel sector is projected to grow, particularly in developing markets where opportunities for expansion remain. Although mature markets will continue to contribute to market growth, the pace of growth is anticipated to be more moderate.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The online apparel retail market is experiencing exponential growth, driven by various factors. Statistical data shows that ecommerce platforms have become the go-to destination for consumers looking for clothes and accessories. Mobile shopping, with its convenience and accessibility, is a major contributor to this trend. Wide product selection, personalization, and ease of returns are key advantages of online apparel retail. Consumers can save costs by comparing prices and avoiding travel to physical stores. Social media plays a significant role in marketing and promoting online apparel sales. Sustainability and ethical shopping are becoming increasingly important considerations for consumers. Global expansion and subscription services are other emerging trends in the online apparel market. With increased digitization, internet access, smartphones, and digital literacy, online buying of clothes and accessories is set to become the norm. Even luxury brands like Finettchi are joining the bandwagon, offering their collections online.

Market Research Overview

The online apparel retail market has seen significant growth in recent years, driven by various factors. Statistical data shows that ecommerce platforms have become increasingly popular for clothing and accessory purchases, with mobile shopping accounting for a large portion of these sales. Consumers value the wide product selection, convenience, and ease of returns offered by online retailers. Cost savings, personalization, and sustainability are also key factors driving growth. Social media plays a significant role in marketing and influencing fashion trends. Ethical shopping and global expansion are also important trends. Subscription services, free shipping, and customer reviews are essential features that help build consumer trust. Reverse logistics, product quality, and inventory management are critical challenges for online apparel retailers. Shipping costs, last-mile delivery, and rising advertising costs are other significant issues. Changing consumer trends, regulatory compliance, and the coronavirus epidemic have also impacted the market. The increasing digitization and digital literacy, as well as internet access and smart devices, have made online buying more accessible to people. However, challenges such as physical verification, time-consuming processes, and seller expenses persist. Artificial intelligence and machine learning are being used by e-commerce giants to improve fashion decisions, buying habits, and preferences. The market includes various players, from luxury brands like Finettchi and Gucci to production firms like American Apparel. The market is expected to continue growing, but competition and changing consumer trends will remain key challenges.

Table of Contents:

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

End-userMen ApparelWomen ApparelChildren ApparelProductUpper Wear ApparelBottom Wear ApparelOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/online-apparel-retailing-market-size-is-set-to-grow-by-usd-278-8-billion-from-2024-2028–rising-popularity-of-digital-payment-system-boost-the-market-technavio-302192929.html

SOURCE Technavio

Continue Reading

Technology

Firmable breaks into G2’s global top five for momentum in Sales Intelligence

Published

on

By

Firmable earned 17 badges in G2’s Fall 2026 reports and improved its ranking in 28 of the 32 reports it featured in last season, holding its position in the other four.

MELBOURNE, Australia and SAN FRANCISCO, Oct. 27, 2026 /PRNewswire/ — Firmable, the AI-native B2B sales platform, has climbed from #8 to #4 on G2’s global Momentum Grid for Sales Intelligence, which ranks the fastest-rising products in the category worldwide. It also ranked #1 for SMB sales intelligence in both Australia and ANZ and moved into the top 10 across Asia-Pacific.

The results span regional, segment and global reports in both the Sales Intelligence and Lead Intelligence categories. They are based on verified reviews from Firmable customers, alongside G2’s measures of market presence and growth.

Global momentum as Firmable scales in North America

Firmable is now one of the fastest-rising sales intelligence products worldwide. Its jump to #4 on G2’s global Momentum Grid for Sales Intelligence was matched by strong gains in G2’s global satisfaction indexes:

Relationship Index for Sales Intelligence: #3, up from #24Implementation Index for Sales Intelligence: #3, up from #17Results Index for Sales Intelligence: #4, up from #16

The results arrive as Firmable expands across the US and Canada, following its $14 million Series A in March and the launch of the Firmable MCP in July. They were followed by the launch of Tech Intelligence earlier in October.

“G2 rankings come straight from customers, and that’s why these results matter to us,” said Leigh Jasper, co-founder and co-CEO of Firmable. “Customers are telling the market three things: Firmable is easy to work with, fast to roll out, and it delivers results. Those scores climbed the most this season. That’s exactly the proof point sales leaders look for when they evaluate a new platform. We built Firmable as an AI-native product from day one, and teams in North America and elsewhere are responding. Breaking into the global top five for momentum is a strong signal of where we’re headed.”

#1 in Australia and in ANZ

Firmable took the top spot for small-business sales intelligence in both of its home markets. It rose from #2 to #1 on G2’s Small-Business Australia Regional Grid for Sales Intelligence, and from #3 to #1 on the Small-Business ANZ Regional Grid. Firmable also held #1 overall in both Australia and ANZ for Lead Intelligence.

“Ranking top in Australia and ANZ and climbing across Asia-Pacific comes down to one thing: our customers are booking more meetings with less effort,” said Paul Perrett, co-founder and co-CEO of Firmable. “Growing sales teams can’t afford to waste a rep’s day on bad data or cold accounts. We give them verified contacts and buying signals that tell them who to call and when. These results show that approach is working for teams in every market we serve. And with the launch of Tech Intelligence last week, we’re not slowing down.”

Top 10 across Asia-Pacific

Firmable moved into the top 10 for small-business sales intelligence across Asia-Pacific. It climbed from #13 to #10 on G2’s Small-Business Asia Pacific Regional Grid for Sales Intelligence. It also rose from #14 to #9 on the matching Lead Intelligence grid.

Firmable debuted on G2’s Mid-Market Asia Pacific Regional Grid for Sales Intelligence at #13. That reflects growing adoption among larger revenue teams in the region. On the overall Asia Pacific grid for Sales Intelligence, Firmable moved from #18 to #15.

About G2

G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually use G2 to make smarter software decisions based on authentic peer reviews.

About Firmable

Firmable is an AI-native B2B sales platform, your AI sales teammate, that helps revenue teams find, understand and connect with the right buyers at the right time. Combining verified company and contact data with technology intelligence, CRM context, buyer intent and agentic AI, Firmable powers go-to-market teams across the US, Canada and Asia-Pacific. Firmable is ISO 27001 certified. Learn more at firmable.ai.

View original content to download multimedia:https://www.prnewswire.com/news-releases/firmable-breaks-into-g2s-global-top-five-for-momentum-in-sales-intelligence-302921497.html

SOURCE Firmable

Continue Reading

Technology

KLEVV UNVEILS ALL-NEW CRAS V RGB PRIME DDR5 GAMING/OC MEMORY

Published

on

By

SUPPORTS AMD EXPO™ Technology: Featuring Ultra Low Latency
WITH AWARD-WINNING FLAGSHIP DESIGN

HONG KONG, Oct. 27, 2026 /PRNewswire/ — KLEVV, the leading consumer memory and storage brand introduced by Essencore, unveils the all-new CRAS V RGB PRIME DDR5 Gaming/OC Memory. Purpose-built for elite gaming rigs and demanding creative workloads, this new premium memory unleashes ultra-low CAS latency down to CL26 at 6000 MT/s and blazing overclocking speeds of up to 8000 MT/s at CL38, dressed in a striking black-and-gold finish and armed with dual-platform overclocking support for gamers, PC builders, and performance enthusiasts who demand nothing but the best. 

Refined Flagship Design and Craftsmanship
Building on the aluminum heat spreader design of the flagship CRAS V RGB, winner of both the Red Dot and iF Design Awards, the CRAS V RGB PRIME introduces a striking new black-and-gold interpretation of the series’ signature look.

An advanced hard-anodizing process, combined with a specialized surface treatment, gives the modules a smooth, piano-lacquer-like sheen that adds depth and sophistication from every angle. The result is an understated yet luxurious aesthetic that offers users a fresh, premium design choice while preserving the refined craftsmanship of the original CRAS V RGB.

High-Speed Performance with Lower Latency
The CRAS V RGB PRIME further advances KLEVV’s DDR5 overclocking memory lineup with tested speeds of 6000, 6400, and 8000 MT/s and CAS latencies of CL26, CL28, and CL38, respectively.

The 6000 MT/s configuration features tested timings of 26-36-36-76, while the 6400 MT/s configuration delivers timings of 28-38-38-78. For users seeking extreme frequencies, the 8000 MT/s models operate at tested timings of 38-48-48-128. All configurations are tested at 1.4V.

The 6000 and 6400 MT/s configurations are available in dual-channel kits ranging from 32GB (16GBx2), 64GB (32GBx2), to 128GB (64GBx2), while the 8000 MT/s models are offered in both 32GB (16GBx2) and 48GB (24GBx2) kits. This diverse range gives users greater flexibility to select the ideal balance of speed, latency, and capacity for their systems.

Next-Generation AMD EXPO™ Technology: Featuring Ultra Low Latency
“AMD EXPO™ Technology: Featuring Ultra Low Latency” is the latest evolution of AMD’s established memory overclocking technology. The new AMD EXPO ULL profile incorporates optimized memory sub-timing settings designed to reduce latency and improve overall performance on compatible AMD platforms. As the first product in KLEVV’s overclocking memory lineup to adopt this technology, the CRAS V RGB PRIME delivers a more responsive gaming and overclocking experience.

The 6000 MT/s and 6400 MT/s 32GB (16GBx2) configurations are certified for AMD EXPO Ultra Low Latency. According to AMD, certified Ultra Low Latency memory can deliver an average 4% improvement in FPS compared with non-ULL AMD EXPO memory on compatible systems.*

Broad Intel and AMD Platform Support
Offering broad support across the latest desktop platforms, the CRAS V RGB PRIME is compatible with AMD Ryzen™ processors on the AM5 platform and Intel® Core™ Ultra 200S Plus processors.

Each kit comes preloaded with both Intel® Extreme Memory Profile and AMD EXPO™ Technology overclocking profiles, allowing users to unlock high-speed performance through a simple BIOS setting on compatible motherboards with supported BIOS versions. With both profiles included, users can confidently choose their preferred speed and capacity without the hassle of selecting separate Intel- or AMD-specific models.

Premium Components for Uncompromising Stability
The CRAS V RGB PRIME features rigorously screened, high-quality memory ICs from a leading Korean manufacturer, ensuring consistent high-speed performance and exceptional stability under demanding workloads.

Paired with a high-density 10-layer PCB, the modules deliver enhanced signal integrity and greater resistance to interference during high-speed operation. Integrated PMIC and on-die ECC technologies further support stable power management and long-term reliability, creating a robust foundation for gaming and overclocking performance.

To ensure broad compatibility, the CRAS V RGB PRIME has also been validated on the QVLs (Qualified Vendor Lists) of four major motherboard manufacturers. Its RGB lighting supports ASUS Aura Sync, GIGABYTE RGB Fusion, MSI Mystic Light Sync, and ASRock Polychrome Sync, allowing users to seamlessly coordinate lighting across compatible components and systems.

A Complete DDR5 Gaming/OC Memory Lineup
The introduction of the CRAS V RGB PRIME further expands KLEVV’s comprehensive DDR5 Gaming/OC memory portfolio.

With the CRAS, URBANE, BOLT, and FIT series available across a wide range of designs and specifications, KLEVV continues to provide flexible memory choices for different performance requirements, system configurations, and aesthetic preferences.

Warranty and Availability
The CRAS V RGB PRIME DDR5 comes with a limited lifetime peace of mind warranty and will be available from November 2026. Please visit the KLEVV website to check product availability across online and offline retail channels. 

ABOUT KLEVV
KLEVV is a premium brand of Essencore, a major vendor of memory modules and NAND flash application products. The KLEVV range focuses on high-performance gaming memory modules and solid-state drives, engineered for enthusiasts who demand world-class quality and reliability. KLEVV memory and SSD products have been recognized with Germany’s Red Dot Design Award and iF Design Award for their innovative design. For more information, please visit www.klevv.com.

ABOUT ESSENCORE
Established in 2014, Essencore Limited aims to become the world’s top vendor of DRAM modules and NAND flash application products. The company started with one goal: to “Change the world and be a leader in semiconductor distribution.” The business strategies of Essencore are to adopt the newest technologies to differentiate themselves from competitors, deliver dedicated Memory products, and offer various product portfolios for customers’ competition readiness. For more information, please visit www.essencore.com.

*Based on AMD testing. Actual performance may vary depending on processor, motherboard, BIOS version, memory configuration, and application workload.

Overclocking and/or Undervolting AMD processors and memory, including without limitation, altering clock frequencies / multipliers or memory timing / voltage, to operate outside of AMD’s published specifications will void any applicable AMD product warranty, even when enabled via AMD hardware and/or software. This may also void warranties offered by the system manufacturer or retailer. Users assume all risks and liabilities that may arise out of overclocking / undervolting AMD processors, including, without limitation, failure of or damage to hardware, reduced system performance and/or data loss, corruption or vulnerability. GD-106.

View original content to download multimedia:https://www.prnewswire.com/news-releases/klevv-unveils-all-new-cras-v-rgb-prime-ddr5-gamingoc-memory-302920807.html

SOURCE Klevv

Continue Reading

Technology

CDNetworks’ Cybersecurity Capabilities in APAC Recognized in IDC China’s 2026 Assessment

Published

on

By

Combining global network reach, AI-powered security, and local expertise, CDNetworks helps enterprises protect critical applications and operate securely across diverse APAC markets.

SINGAPORE, Oct. 28, 2026 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, has been recognized in IDC China’s 2026 assessment of cybersecurity product and service capabilities across Asia-Pacific markets. CDNetworks received the highest ratings of five stars in six markets: Hong Kong SAR, Vietnam, Singapore, Japan, Malaysia, and South Korea, highlighting its cybersecurity expertise, extensive regional presence, and ability to address diverse security needs across APAC.

The assessment examines providers’ security offerings, regional operations, and service delivery across APAC. It highlights CDNetworks’ strengths in:

Extensive Global Infrastructure: With over 3,000 global Points of Presence and China CDN capabilities, CDNetworks supports secure, high-performance digital delivery across APAC, including cross-border acceleration for businesses serving users in mainland China.Strong APAC Presence and Local Expertise: Established local service teams in key APAC markets, including Singapore, Malaysia, Vietnam, Japan, South Korea, and China, provide multilingual consultation, solution design, deployment, and 24/7 technical support tailored to local business needs.Advanced WAAP and AI-Powered Security: CDNetworks delivers comprehensive Web Application and API Protection (WAAP), combining DDoS protection, intelligent WAF, bot management, API security, and AI-powered security operations to safeguard business-critical applications, detect emerging threats, and accelerate incident response.Adaptability to Diverse APAC Markets: CDNetworks adapts its services to different network environments, industry-specific requirements, and applicable data protection regulations, including PDPA and GDPR, helping enterprises address local market needs while maintaining consistent security standards.

“IDC’s recognition is an encouraging acknowledgment of our ongoing efforts to advance cybersecurity across APAC,” said Antony Li, APAC Head of Sales at CDNetworks. “As AI creates new opportunities and security challenges, businesses across APAC need protection that works consistently across markets while adapting to local requirements. We will continue investing in intelligent security and local expertise to help our customers innovate securely and build long-term digital resilience.”

About CDNetworks

As the APAC-leading network with over 3,000 global Points of Presence and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, edge computing, zero-trust security, and colocation services, all designed to spur business innovation.

To learn more, visit cdnetworks.com and follow us on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cdnetworks-cybersecurity-capabilities-in-apac-recognized-in-idc-chinas-2026-assessment-302920282.html

SOURCE CDNetworks

Continue Reading

Trending