Global Virtual Fitting Room Market Developments, Key Players, Statistics And Forecast 2029

Market overview:

The Global Virtual Fitting Room market was valued at USD 3.13 billion in 2021 and is expected to reach USD 13.09 billion by the year 2028, at a CAGR of 22.68%.

A virtual fitting room or a virtual dressing room is a type of technology that lets shoppers try on items virtually. The virtual fitting room is the online equivalent of an in-store changing room. Customers can try a product on online mode to visualize how it may look on their bodies and check the sizes or different styles that suit them before buying the items. A virtual 3D room is a platform between shopkeepers and customers. In today's era the world is digitalizing, the stores are now adapting the e-commerce shopping way to reach out to customers. Various retailers are creating their own software to do this system is excepted to grow market growth during the upcoming years. The increase in the number of fashion brands around the world has led to numerous sets of options for customers to choose the right product for them. Due to busy life schedules and long working hours, consumers are moving towards virtual fitting rooms.

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Market dynamics:

Driver:

Increasing competition in the market is driving retailers to get a touch with customers globally and is also driving the growth of the market. Advancement in technology coupled with increasing the number of mobile users rise the online buying habits is the major driving factor of the growth of the market.

Opportunities:

It gives the opportunity to customers to virtually try clothes or accessories as they can see what they look like wearing an item without needing to physically try it on. Increasing IT spending in the industry is generating new opportunities for the growth of the virtual fitting room market.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Market Segmentation

Component Type Insights:

By Component type, virtual fitting room market is segmented into Hardware (prefabricated and Customized), Software, and Services. The Software and Services segment has accounted for the highest CAGR in the market of 22.80% with a market share of 42.36% and an estimated virtual fitting room market size of USD 4.82 billion in the year 2026.

By Component Type

•Hardware
•Software
•Services

By Application

•Apparel
•Jewellery
•Eye Wear
•Watches
•Beauty & Cosmetics

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Regional Insights:

The Virtual Fitting Room market is growing rapidly in the North-American region. North-America region is accounted for the largest virtual fitting room market share across the globe with a CAGR of 40.12% and a market size of USD 1.14 billion in the year 2019. But in the forecast period, due to the high demand from the regions like China, Japan, Australia, and India, Asia-Pacific is expected to continue the growth of virtual fitting room market with a CAGR of 21.12% and an estimated market size of USD 3.04 billion in the year 2026.

By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Players Covered in Virtual Fitting Room Market are:

•Perfitly
•triMirror
•Zugara Inc
•3D-A-Porter
•Magic Mirror
•Visualook
•Fit Analytics
•AstraFit
•ELSE Corp
•Secret Sauce Partner
•SIzebay
•Virtooal
•Fision AG
•True Fit Corporation.

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Table Of Content

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Component Type
 3.2 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Virtual Fitting Room Market by Component Type
To Be Continued……

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