The Virtual Fitting Market size to grow from US$ 2.9 Billion in 2019 to US$ 7.6 Billion by 2024, at a CAGR of 20.9% during 2019–2024. The report segments the global virtual fitting room market by component, end user, use cases and regions.
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The use cases segment includes apparel, accessories, eye ware, jewelry and watches, beauty and cosmetics, and others (footwear, furniture and decor). The component segment comprises hardware, software, and services.
The Virtual Fitting Market by component is segmented into hardware, software, and services. Among these, software is expected to grow at the high estrate during the forecast period, owing to the increasing ecommerce.
The software is further segmented into software tools and platforms. Whereas, hardware is further segmented into prefabricated and customized.
Services include integration, support, and consulting.
“Apparel use cases to grow at the highest rate during the forecast period”
The Virtual Fitting Room Market by use cases is segmented into apparel, accessories, eye wear, jewelry and watches, beauty and cosmetics, and others. Among these, apparel is expected to grow at the highest rate, as virtual fitting room platform and solutions are effectively being used in the eCommerce to deliver enhanced customer buying journey, with reduced return rates.
“Among regions, APAC is expected to grow at the highest CAGR during the forecast period”
The Virtual Fitting Room Market by region is segmented into North America, Europe, APAC, MEA, and Latin America. Among these region, APAC is expected to grow at a higher CAGR due to the increasing adoption of advanced technologies such as AR and VR among retailers.
The major APAC countries that are expected to record high growth rates include China, Japan, and India. However, this region demands skilled retailers to close the skill gaps and adopt effective infrastructure services, new digital technologies for enhanced customer experience, and better business operations.
Competitive Landscape of Virtual Fitting Room Market:
1 Start-Up Micro Quadrant
1.1 Progressive Companies
1.2 Responsive Companies
1.3 Dynamic Companies
1.4 Starting Blocks
2 Strength of Product Portfolio
3 Business Strategy Excellence
Most Popular Companies in the Virtual Fitting Room Market include are Zugara (US), Total Immersion (France), True Fit (US), Metail (UK), 3D-A-PORTER (UK), Magic Mirror (UK), AstraFit (US), Fit Analytics (Germany), Visualook (Spain), ELSE Corp (Italy), FXGear (Korea), Sizebay (Brazil), triMirror (US), MemoMi (US), SenseMi (UAE), Fision Technologies (Switzerland), and Coitor IT Tech (India).
Complete report on Virtual Fitting Room Market spread across 118 pages, profiling 10 companies and supported with tables and figures are now available at www.reportsnreports.com/contact…me=2118096
Reason to access this report:
- The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its sub segments. The market numbers are further split across applications and regions.
- It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
- It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
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