Virtual Kitchen Market 2018 Global Leaders: Cawdor Stone Gallery, The Saturn, Aetna, Clicky Media, Homer TLC, HTC, IKEA, Samsung Group

Market Research Future published a research report on “Virtual Kitchen Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

The companies such as Microsoft Corporation (U.S), HTC Corporation (Taiwan), IKEA (Netherlands), Samsung Group (South Korea), LG Electronics Inc. (South Korea), are the leading service provider of virtual kitchen in the market. In 2016, Ikea has launched virtual reality apps featuring a virtual kitchen experience. This apps was launched with the intention to solicit consumer feedback and exploration of all possible latest technology for the home.

The factors that drive the growth market are the increasing adoption artificial intelligence by the companies. The digital assistance used in virtual kitchen which detect the command of voice and work as per the guidance. The people can interact with the digital world and it enhances viewing customer experience. Food & beverages is expected to gain high growth as it is cost benefit to the customer without much bothering of the hygiene, taste, ingredients, food quality, and others.

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The global virtual kitchen market are bifurcated on the basis of component, technology, end users and region. The components are segmented into hardware, software and service. The technology are segmented Into Wi-Fi, 3D, artificial intelligence and others. The end users are segmented into commercial space, residential, hospitality and others. The region includes North America, Europe, Asia Pacific and rest of the world.

The regional analysis of virtual kitchen market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in virtual kitchen market as it has huge demand due to the artificial intelligence technologies is used in the virtual kitchen. The virtual kitchen market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for virtual kitchen market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the virtual kitchen in these market to meet the requirement of customers’ need.

The global Virtual Kitchen Market is expected to grow at USD ~3,586 Million by 2023, at ~43% of CAGR between 2017 and 2023.

Industry/Innovation/ Related News:

April 01, 2018 – Ikea (Switzerland), a leading global market player, letting the whole world know its business strategy mentioned that, to increase its sales the company is looking beyond its physical stores and shoring up its digital business. To increase consumers; online interest and push the brand even further, Ikea, is substantially investing in AR & VR technology apps that can help customers to preview the furniture & other items they wish to choose for their kitchen, avoiding even the required trip to Ikea store.

Key Players:

The prominent players in the global virtual kitchen market are – Microsoft Corporation (U.S), HTC Corporation (Taiwan), IKEA (Netherlands), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Homer TLC, Inc.(U.S), Clicky Media (U.K), The National Kitchen & Bath Association (U.S), Aetna, Inc. (U.S.), Cawdor Stone Gallery (U.K.), The Saturn Corporation (U.S), Micro-Star International (Taiwan) among others.

Global Virtual Kitchen Market - Segmentation

The Virtual Kitchen Market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;

• By Components : Comprises Hardware, Software & Service.
• By Technologies: Wi-Fi, 3D & Artificial Intelligence among others
• By End-Users: Commercial Space, Residential & Hospitality, among others.
• By Regions: North America, Europe, APAC and Rest of the World.

Global Virtual Kitchen Market - Regional Analysis

The North America market leads the Global Virtual Kitchen Market with the largest market share due to the huge uptake of Artificial Intelligence technologies.

While the rapidly surging Europe market for Virtual Kitchen is expected to register a substantial CAGR during the review period.
Whereas the Virtual Kitchen Market in the Asia-Pacific region is emerging as the fastest growing market globally. The regional market growth attributes to the rapidly growing markets in the APAC countries like India, China & Japan.

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Intended Audience

• Virtual kitchen providers
• Professional service providers
• Virtual kitchen providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

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