Virtual Fitting Room Market Opportunities, And Top Key Players By 2030

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2022
Virtual Fitting Room Market New Revolution
Generate High Demand and Product Growth Insights
2021-2030
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With the rapid rise in the popularity of
e-commerce, the demand for virtual fitting rooms
is growing rapidly across the world. As per the
findings of the trade and development body of the
United Nations, the United Nations Conference on
Trade and Development (UNCTAD), a revenue of
25.6 trillion was generated by total online
sales across the world in 2018. Moreover, the
revenue generated by online sales grew by nearly
8 from 2017 to 2018. Furthermore, as per the
UNCTAD, the total revenue generated from
e-commerce sales in 2018, including the
business-to-business (B2B) and the
business-to-customer (B2C) sales, was nearly 30
of the global gross domestic product (GDP) of
that year. Additionally, according to the
findings of the UNCTAD, in 2018, as many as 1.45
billion customers, which was approximately
one-quarter of the global population in the age
group 15 years and older, purchased
services/products online. Besides the
aforementioned factor, the increasing usage of
mobile phones in various countries is also
propelling the demand for virtual fitting rooms.
As per the GSM Association, there were nearly 5.2
billion unique mobile phone subscribers across
the world by the end of 2019. This number
accounted for around 67 of the worldwide
population and is predicted to grow to 5.8
billion by 2025. Most of these subscribers will
be from Pakistan, China, Nigeria, and India.
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Because of the above-mentioned reasons, the
popularity of virtual fitting rooms is rising
rapidly throughout the world. This is driving the
advancement of the global virtual fitting room
market. The market value is predicted to grow
from 3,128.6 million in 2019 to 19,250.4
million by 2030. Furthermore, the market is
predicted to advance at a CAGR of 18.5 from 2020
to 2030. Depending on application, the market is
classified into beauty and cosmetics, footwear,
apparel, jewelry and watches, and eyewear. Out
of these, the apparel category recorded the
highest growth in the virtual fitting room market
in the past years. There were numerous shoppers
who purchased apparel through various e-commerce
platforms. However, because of the lack of
availability of product trials and size issues,
the return rate was very high. Because of this
reason, retailers deployed virtual footing room
solutions for offering customers a better
shopping experience and reducing the return rate
of products. Geographically, the virtual fitting
room market will exhibit the fastest growth in
the Asia-Pacific (APAC) region in the future
years, as per the forecast of PS Intelligence, a
market research company based in India. This will
be mainly because of the rapidly surging
digitization rate in retail operations in the
region. In addition to this, the popularity of
online shopping is soaring in regional countries
such as Japan and China. Hence, it is safe to
say that the demand for virtual fitting rooms
will shoot-up all over the world in the upcoming
years, primarily because of the rising
digitization in retail operations and the
increasing popularity of e-commerce, on account
of the surging penetration of the internet and
the growing usage of smartphones.
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• The research offers market size of the global
  virtual fitting room market for the period
  20142030.
• Market Segmentation by Component
• Software
• Hardware
• Pre-fabricated
• Customized
• Service
• Consulting
• Integration
• Support
• Market Segmentation by Application
• Apparel
• Beauty and Cosmetics
• Eyewear
• Footwear
• Jewelry and Watches
• Others
• Market Segmentation by End User
• Physical Stores

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• Market Segmentation by Region
• North America Virtual Fitting Room Market
• By component
• By application
• By end user
• By country U.S. and Canada
• U.S. virtual fitting room market
• By application
• By end user
• Europe Virtual Fitting Room Market
• By component
• By application
• By end user
• By country U.K., Germany, Italy, France, Spain
  and Rest of Europe
• U.K. virtual fitting room market
• By application
• By end user
• Germany virtual fitting room market
• By application

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• Latin America (LATAM) Virtual Fitting Room Market
• By component
• Asia-Pacific (APAC) Virtual Fitting Room Market
• By component
• By application
• By end user
• By country China, Japan, India, South Korea,
  Australia, and Rest of APAC
• China virtual fitting room market
• By application
• By end user
• India virtual fitting room market
• By application
• By end user
• By application
• By end user
• By country Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Virtual Fitting Room
  Market
• By component
• By application

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