Report Format: PDF
Published Date: Oct-2018 | 188 Pages | Report ID: VSR001466
Global Virtual Fitting Room Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.1 % from 2018 to 2025. In 2017, the global market valuation was USD 2.35 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Virtual fitting room (VFR) is a technique that enables shoppers to virtually check out a range of dresses. To pick the color, shape, design, appropriate, and other parameters linked to the acquisition, the individual must use his or her hands nearly rather than physically. In other phrases, VFR is an example of attempting clothes comparable to a changing room video game version. For physical shops and e-commerce pages and applications, VFR-enabled retail is accessible. VFR provides an amazing viewpoint to know each customer's exclusive decisions and present them with the right options depending on their purchasing habits and dimensions. Geographically, North America is expected to be the highest growing region in the global market of a virtual fitting room.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global virtual fitting room market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global virtual fitting room market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Segment Analysis
By Use Cases Insights: On the basis of use cases, global virtual fitting room market has been segmented into apparel, eyewear, jewelry & watches, beauty & cosmetics. Among which apparel segment has accounted for the largest share in the global market of virtual fitting room market. Retail and eCommerce businesses focus on investing heavily in digital fitting room alternatives to decrease inventory costs, inefficiency, and waste of moment. Retail and eCommerce businesses can give personal customers personalized advertisements depending on their internet operation by deploying digital fitting room software into the activities. It also allows custom retargeting and real-time purchasing and sale of personal website opinions.
By Component Insights: On the basis of component, global virtual fitting room market has been segmented into hardware, software, and services. Among this software, a segment is expected to be the highest growing region in the global market of a virtual fitting room. This growth of software segment is owing to the use of increasing adoption of software tools and platforms.
Regional Analysis
The virtual fitting room market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In the worldwide digital fitting room industry, North America speaks for the biggest percentage (in terms of income). The elevated consumption of sophisticated techniques as well as the relatively elevated prevalence of Internet-based facilities in the area is major variables promoting this development. North America's online shopping is the preferred way to shop because shoppers don't want to waste more time choosing garments from a retail store. Physical distributors, however, also implement digital dressing spaces in the region to achieve business traction.
During the forecast period, Asia Pacific is expected to experience profitable development in the digital fitting room industry. In the Asia Pacific area, willingness to use digital retail alternatives in the future is the strongest. Rapid digitalization of the retail industry in the region, therefore, contributes to the VFR market's development. During the prediction era, Europe is anticipated to develop at a substantial pace. Growth throughout the region is owing to the growing implementation of sophisticated techniques among retail and fashion sectors; during the forecast period, the region is anticipated to see important development.
Global Virtual Fitting Room Market Size, Share Analysis by Region 2017
Global Virtual Fitting Room Market Study Objective
1. To forecast the market size of virtual fitting room market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of virtual fitting room market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of virtual fitting room market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of virtual fitting room market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the virtual fitting room market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Zugara, Inc., Visualook, Virtusize AB, True Fit Corporation, Total Immersion, Sizebay, Secret Sauce Partners Inc., REACTIVE REALITY GMBH, Metail, Imaginate Technologies, Inc., Fitnect Interactive, Fitle, Fit Analytics, ELSE Corp srl, Dressformer, Coitor IT Tech, and 3D-A-PORTER LTD are some of the key players in the market of virtual fitting room.
Global Virtual Fitting Room Market Study Report Offer You!
The global virtual fitting room market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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