Press release
Virtual Mirror Market Growth Driven By Online Shopping: Critical Driver Shaping the Global Virtual Mirror Market in 2025
Virtual Mirror
Virtual Mirror Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for virtual mirrors has seen a significant surge in growth in past few years. Its value is projected to increase from $10.88 billion in 2024 to $13.05 billion in 2025, a 19.9% compound annual growth rate (CAGR). This exceptional growth in the historical period can be attributed to factors such as evolving customer expectations, innovations leading to market differentiation, improvements in user interfaces, trends in the fashion and beauty industries, and the uptake of mobile and AR technologies.
Virtual Mirror Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the virtual mirror is predicted to skyrocket in the upcoming years, reaching a value of $29.8 billion in 2029 with a compound annual growth rate (CAGR) of 22.9%. Factors contributing to this projected growth during the forecast period include sustainability and environmental concerns, market rivalry, improved user experience, retail innovation, customer engagement, and integration of mobile AR and apps. Key trends predicted for the forecast period consist of progress in augmented reality (AR), contactless shopping, remote try-ons, the fusion of e-commerce and online retail, extended industry usage, and mobile accessibility.
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What Are the Drivers Transforming the Virtual Mirror Market?
The surge in e-commerce activities is anticipated to fuel the expansion of the virtual mirror market. E-commerce, a subset of electronic commerce, enables customers to purchase goods or services directly from the merchant via the internet. Mobile applications are now incorporating virtual mirrors, empowering users to alter their hairstyle, makeup, or accessory appearance. This innovation is not just present in online shopping, but also leveraged within physical stores to provide customers with a preview of how a certain product or accessory may look on them. For instance, the Indian Brand Equity Foundation, an export promotion organization based in India, estimates that the Indian e-commerce market will expand by 21.5% in 2022, hitting a cumulative value of $74.8 billion. Consequently, the escalation of online shopping trends is propelling the growth of the virtual mirror market.
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What Long-Term Trends Will Define the Future of the Virtual Mirror Market?
Emerging as a notable trend in the virtual mirror market are new product innovations. To maintain their market position, major firms in the virtual mirror industry are launching innovative products. For example, My Size Inc., an American company, introduced a new smart mirror in January 2022. This revolutionary mirror enables users to try on garments and provides size suggestions. It employs GK Software's retail mechanisms and MySize's AI-powered sizing technology to optimize the fitting experience, ensuring a more accurate size choice. The MySizeID Mirror can be easily integrated into a variety of retail environments, like fitting rooms and areas with high footfall.
Which Segments in the Virtual Mirror Market Offer the Most Profit Potential?
The virtual mirrormarket covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Technology: 3D Body Scanning, Photo Accurate VFR, 3D Augmented Reality And Virtual Reality
4) By Industry: Retail, Other Industries
Subsegments:
1) By Software: Augmented Reality (AR) Software, Virtual Try-On Applications, Customization And Personalization Tools
2) By Hardware: Display Screens, Cameras And Sensors, Interactive Touchscreens
3) By Services: Installation And Setup Services, Maintenance And Support Services, Consulting Services For Integration
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Which Firms Dominate the Virtual Mirror Market by Market Share and Revenue in 2025?
Major companies operating in the virtual mirror market include SenseMi Technologies Pvt. Ltd., Terawe Corporation, Textronics Inc., Virtooal Studio SRL, ICON Multimedia S. L., Cisco Systems Inc., Fitnect Interactive Inc., Metail Limited, MemoMi Labs Inc., Zugara Inc., My Size Inc., Virtusize Co. Ltd., DigitalDM Inc., ViuBox S. L., Dressformer LLC, Astrafit LLC, Virtalis Limited, Vizoo GmbH, zSpace Inc., 3D-A-Porter Limited, Styku Inc., Total Immersion SAS, ViewAR GmbH, Vuforia Solutions Inc., Wikitude GmbH, YouAR GmbH, Zappar Limited, Blippar Limited
Which Regions Offer the Highest Growth Potential in the Virtual Mirror Market?
North America was the largest region in the virtual mirror market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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