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2024 Revenues puts Virtual Fitting Room market at $7.6 billion according to new research report

Industrial and Manufacturing

[118 Pages Report] MarketsandMarkets expects the global virtual fitting room market to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a CAGR of 20.9% during the forecast period. Growing number of smartphone users, improved customer experiences, and increased adoption of technologies are expected to drive the market.

According to a new market research report "Virtual Fitting Room Market by Component (Hardware (Prefabricated & Customized), Software and Services), End-User (Physical Store & Virtual Store), Use Cases (Apparel, Eye Wear, Jewelry & Watches, Beauty & Cosmetics), Region - Global Forecast to 2024", published by MarketsandMarkets™, the Virtual Fitting Room Market size to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The Virtual Fitting Room Market is said to have a potential scope for growth in the years to come due to the digitalization, increase in the IT spend, increasing adoption of new technologies by retail brands.

Browse in-depth TOC on "Virtual Fitting Room Market”
64 - Tables 
28 - Figures
118 – Pages

Report: www.marketsandmarkets.com/pdfdown…m=Referral

Apparel segment is expected to grow with the highest CAGR during the forecast period

The use cases segment is sub-segmented as apparel, accessories, eye wear, jewelry and watches, beauty and cosmetics, and others (footwear, furniture, and decor). Among these segments, apparel is expected to grow with the highest CAGR.

Using virtual fitting room solutions, apps, and software shoppers can get a feel of how the apparels and accessories look on them without physically wearing it. Retailers can do their promotions directly to the consumers and engage them using virtual fitting room solutions.

Virtual fitting room software to have the largest market size during the forecast period

The Virtual Fitting Room Market by component has 3 segments: hardware, software, and services. The software segment is expected to have the largest market share during the forecast period because of the increase in the use of virtual fitting room solutions in physical stores and virtual stores.

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period. In North America, the growth rate can be attributed to various factors including the adoption of advanced technologies, economic developments, increasing customer demand, and high investments by virtual fitting room solution providers.

Report: www.marketsandmarkets.com/request…m=Referral

The Virtual Fitting Room Market report provides competitive landscape and company profiles of the key vendors by their product offerings and business strategies. Major vendors in the global Virtual Fitting Room Market include 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).

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MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
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