Global Virtual Fitting Room Market: Overview
Virtual fitting room, or VFR, refers to a technology that assists people in shopping on online platform by trying different types of clothes virtually. The technology is gathering traction as it does not require an individual to wear cloths but do this task virtually. Moreover, consumers can select from a wide range of options such as size, color, fitting, and style of cloth they want to purchase. Hardware, software, and services are some of the key components of the products and services from the global virtual fitting room market.
The global virtual fitting room market is expected to attract growth at a CAGR of 22.7% in the forecast period of 2018 to 2026. In 2017, the total valuation of the market was US$2,501.8 Mn.
The study on the global virtual fitting room market is presented in the forms of varied segments, which are decided based on component, software, services, end user, and region. On the basis of services, the market is divided into three parts, namely, integration, maintenance, and consulting.
Custom Market Research Services - Request Customization -@
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=15683
Expansion of E-commerce Industry to Create Lucrative Prospects in Market for Virtual Fitting Room
Today, several ecommerce websites, apps, and physical stores around the world are enticing their customer base by offering technologically advanced experiences including VFR-enabled shopping facilities. The technique is rapidly being adopted by online shopping platforms owing to its ability to offer excellent user experience when customers are trying and selecting their cloths virtually. This factor is expected to create significant opportunities for companies operating in the global virtual fitting room market in the years ahead.
Many physical store owners across the globe are increasing the adoption of newer technologies such as virtual fitting room solutions. This factor, in turn, is likely to make the physical store as a dominant segment of the global virtual fitting room market in the forecast period 2018-2026.
Major technological advancements such as VR and AR are attracting end-users from different regions of the world to gain experience of virtual surroundings in varied applications. With an aim to expand their customer base, many retailers from different nations across the globe are using virtual fitting room solutions for a wide range of product categories including jewelry & watches, apparel, makeup, and eyewear. These activities are expected to drive the sales prospects in the virtual fitting room market in forecast period.
Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/asset-performance-management-solutions-market-to-cross-us-250-bn-by-2030-states-tmr-study-301477822.html
Market to Observe Prominent Sales Opportunities from Retail Industry
Companies from the retail industry, particularly from the online shopping industry, generally experience high rates of product returns. Majority of times, one of the notable reasons for returning cloths is improper fitting. To deal with the issue, enterprises are increasing the use of virtual fitting room, which are gathering traction as computationally efficient technique of improving the way of online apparel shopping. Apart from this, companies from the retail industry are allotting substantial share of their spending on IT. These factors are expected to bode well with the expansion of the global virtual fitting room market in the upcoming years.
Increased Accessibility to Technology Creates Growth Opportunities in Market
Over the period of past few years, there is notable growth in the accessibility to varied smart technologies such as smart mirrors, high-quality integrated smartphone cameras, and high-definition lenses. This factor is likely to drive the demand opportunities in the global virtual fitting room market in the upcoming years. Moreover, increase in the penetration of the Internet across developed and developed nations around the world will help in the market expansion in the years to come.
Buy now our premium research report @
https://www.transparencymarketresearch.com/checkout.php?rep_id=15683<ype=S
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
The Virtual Fitting Room market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the virtual fitting room market include 3D-A-PORTER LTD., Coitor IT Tech, Dressformer, ELSE Corp srl, Fit Analytics, Fitle, Fitnect Interactive, Imaginate Technologies, Inc., Metail, REACTIVE REALITY GMBH, Secret Sauce Partners Inc., Sizebay, Total Immersion, True Fit Corporation, Virtusize AB, Visualook and Zugara, Inc. among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Virtual Fitting Room Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/virtual-fitting-room-market/download-sampleMarket DynamicsThe rising adoption of virtual fitting room in shopping malls, and online stores is accelerating the market growth.
Shoppers who use dressing rooms are 71% more likely to buy products than those who simply browse the sales floors.
What’s more, shoppers who use fitting rooms purchase approximately two times more items than those who don’t.The pandemic has made shoppers more confident than ever before when it comes to shopping online, and retailers are investing heavily in making the online shopping experience memorable.
But when it comes to translating the physical shopping experience online of apparel shopping, a missing link remains - and that is the Virtual dressing room.Now with a shift to eCommerce, there is a need for a dressing room-like experience to be available online.
An experience where a shopper can see the clothes on models that look most like themselves, and can visualize garments together in an outfit.
This type of experience creates an element of entertainment which boosts engagement and repeat visits and helps apparel retailers to increase conversions, reduce returns, and improve average order value.With more people shopping online than ever before, it is crucial for online fashion retailers to bridge this gap between physical and digital experiences.
This report will help you understand how retailers can implement Virtual Dressing Room on their eCommerce sites & the incredible business benefits of this tool.
The global Virtual Fitting Room market was valued at USD 2.08 billion in 2021and is expected to reach USD 8.59 billion by the year 2027, at a CAGR of 22.68%.A Virtual Fitting Room or a virtual room is like the offline store room.
Nowadays, because the world is digitalizing, the stores square measure currently adapting the e-commerce searching thanks to reach intent on customers everywhere the world that is increasing the virtual fitting area market.The report titled Virtual Fitting Room Market was recently discovered by self-examining analysis Reports, that provides readers with associate perceptive and persuasive business outlook.
the knowledge to boot provides insight into several business attributes like trends, policies, and purchasers operative in an exceedingly} very wide range of business geographies.
Analysts use qualitative associated quantitative analytical techniques to provide an accurate outline of world business homeowners and business trends.For Right Perspective & Competitive Insights, Request a Sample @:https://introspectivemarketresearch.com/request/6855The Virtual Fitting Room Market report has been prepared through extensive primary and secondary research.
In addition to mergers and acquisitions, partnerships and agreements, and activities within the industry, the report also includes segments of competitive analysis based on ventures, manufacturer research, and development, product launches, or product improvements.Top Key Players Mentioned:Perfitly, triMirror, Zugara Inc.,3D-A-Porter,,Magic Mirror,Visualook,,Fit Analytics,AstraFit ,ELSE Corp,Secret Sauce Partner,SIzebay,Virtooal, Fision AG, True Fit CorporationFollowing regions are highlighted in this the Virtual Fitting Room Market report:North AmericaAsia PacificEuropeMiddle East & AfricaLatin AmericaIn market segmentation by Component Type, the Virtual Fitting Room Market report covers:Hardware (prefabricated and Customized), Software, Services,Inquire Before purchasing the report of Virtual Fitting Room Market:https://introspectivemarketresearch.com/inquiry/6855This study estimates the factors that are boosting the development of the global Virtual Fitting Room Market on the basis of key principles segments such as end-users, application, product, technology, and region are surveyed comprehensively of the global market.
The financial aspects of the business are also carefully studied, referring to several attributes such as price, profit margin and sales by region for the forecast period 2021-2027.Why should you buy this Virtual Fitting Room Market report?This report provides an accurate analysis of the changing competitive dynamics.It provides a forward-looking perspective on various factors driving or restraining market growth.It provides a 6-year forecast evaluated based on how the market is expected to grow.It helps you understand key product segments and their futures.It provides accurate analysis of changing competitive dynamics and allows you to stay ahead of your competitors.It helps you make informed business decisions with complete insights into the market and deep analysis of market segments.Get Discount on Full Report of the Virtual Fitting Room Market @:https://introspectivemarketresearch.com/discount/6855 Additionally, buyers of the report will have access to accurate and verified estimates of the total market size in terms of value and size.
