Press release
Virtual Fitting Room Market Size to reach $6,565.47 Million by the end of 2025
The Global Virtual Fitting Room Market size is expected to grow from USD 3,079.42 Million in 2019 to USD 6,565.47 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 13.44% During the Forecast Period. Due to the COVID-19 outbreak, the substantial reduction in footfalls at the physical stores, product sales have dramatically declined. In this pandemic scenario, most consumers favor online shopping and e-commerce, resulting in a strong demand for e-commerce platforms. This, in turn, is expected to increase the growth of the Virtual Fitting Room Market size.View Full Report: https://reports.valuates.com/market-reports/360I-Auto-9Q319/virtual-fitting-room
Growing rivalry among online retailers accelerates the demand for advanced technology to provide their customers with a better shopping experience. This huge rise in online shopping is driving the growth of the Virtual Fitting Room Market size.
Also, due to improper fitting and size, the e-commerce shopping industry has a comparatively higher rate of returns and apparel exchanges. This virtual fitting room technology is being introduced to decrease this exchange and return rate and increase the online shopping experience by numerous online retailers. These advantages further fuel the growth of the virtual fitting room market size.
As brand experience is a key driver of brand engagement, Virtual Fitting Room solutions are being adopted by many fashion brands. The 3D virtual fitting solution is enriched by multisensory simulations to engage consumers with their brands. This virtual fitting room feature is expected to increase the growth of the virtual fitting room market size.
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Virtual Fitting Room Market Segmentation & Coverage
This research report categorizes the Virtual Fitting Room to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Component, the Virtual Fitting Room Market studied across Hardware, Services, and Software. The Hardware further studied across Customized and Pre-Fabricated. The Services further studied across Consulting, Integration, and Maintenance. The Software further studied across Firmware or Platform and Mobile applications.
Based on End User, the Virtual Fitting Room Market studied across Physical Store and eCommerce. The Physical Store further studied across Apparel, Eyewear, and Jewelry & Watches.
Based on Geography, the Virtual Fitting Room Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Major Players in the Virtual Fitting Room Market
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Virtual Fitting Room Market including Fitle, Fitnect Interactive, Imaginate Technologies Inc, REACTIVE REALITY GMBH, Secret Sauce Partners, SIZEBAY, True Fit Corporation, Virtusize AB, Visualook, and Zugara, Inc..
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