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Virtual Reality and Augmented Reality in Retail Market Demand from 2021-2027| Research Informatic
The retail industry has long been known for its booming sales and high merchandise turnover. This has made it one of the most lucrative sectors for any business to enter and grow within. The industry is projected to grow at a robust rate of 5% annually over the next decade, allowing for even smaller retailers to compete head-to-head with larger chains. This growth has also brought with it a wealth of opportunities for new and old retail brands alike.
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Global: Segmentation Analysis
Offering
• Hardware
o Sensors
o Semiconductor Components
o Displays and Projectors
o Position Trackers
o Cameras
o Others
• Software
• Services
Technology
• Augmented Reality
o Marker-based
o Markerless)
• Virtual Reality
o Non Immersive
o Semi-and Fully Immersive)
Retail Vertical
• Beauty & Makeup
• Furniture & Hardware
• Food & Beverages
• Electric Appliances
• Jewelry
• Fashion
• Others
Region
• North America
• Europe
• Asia Pacific
• South America
• MEA
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Key Players:
• Perforce Software
• Scand Ltd.
• Brain Station 23
• PTC
• Wipro
• STEANTYCIP
• VNTANA
• NOVAC
• Augment and Oracle
Key Developments in the Virtual Reality and Augmented Reality in Retail Market: -
• To describe Virtual Reality and Augmented Reality in Retail Introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, market driving force
• To analyze the manufacturers of Virtual Reality and Augmented Reality in Retail, with profile, main business, news, sales, price, revenue and market share
• To display the competitive situation among the top manufacturers in Global, with sales, revenue and Virtual Reality and Augmented Reality in Retail market share
• To show the market by type and application, with sales, price, revenue, market share and growth rate by type and application
• To analyze the key countries by manufacturers, Type and Application, covering North America, Europe, Asia Pacific, Middle-East and South America, with sales, revenue and market share by manufacturers, types and applications
• To analyze the manufacturing cost, key raw materials and manufacturing process etc.
• To describe Virtual Reality and Augmented Reality in Retail sales channel, distributors, traders, dealers etc.
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Impact of COVID-19 on Virtual Reality and Augmented Reality in Retail Market
The global virtual and augmented reality market has faced a positive market scenario in COVID-19. In the COVID-19 period, the jewelry brand Kendra Scott's introduced augmented reality in which customers could try different earring styles. GLAMlab, a beauty trial tool, has seen a surge 7-fold.
Retailers post COVID-19 have learned that the market they took for the trail has shifted from a question mark to a star product. So now retailers are trying to come up with inbound services with 3D figures. For example, Levi's has developed a tool where friends can shop together, further complementing its Augmented reality retail strategy.
The coming period will see a huge acceptance of virtual and augmented reality in retail. This is because COVID-19 has itself created the need for technology. More people have also adopted technology in this period. The coming of 5G technology in the period will also fuel the growth of global virtual reality and augmented reality in the retail market.
Detailed TOC of Global Virtual Reality and Augmented Reality in Retail Market Research Report 2022
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Virtual Reality and Augmented Reality in Retail Breakdown Data by Type
5 Virtual Reality and Augmented Reality in Retail Breakdown Data by Application
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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