The virtual dressing rooms global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Virtual Dressing Rooms Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The virtual dressing rooms market size has grown rapidly in recent years. It will grow from $5.36 billion in 2023 to $6.09 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to consumer demand for convenience, COVID-19 pandemic, fashion industry pressure, smartphone penetration, improved internet connectivity, retailer adoption..
The virtual dressing rooms market size is expected to see rapid growth in the next few years. It will grow to $10.36 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to social media integration, growing adoption of mobile e-commerce, growing consumer online preferences, and growing adoption of smartphones. Major trends in the forecast period include Extended reality (XR) technologies, 3D scanning technologies, body scanning technology, virtual stylist assistance, expanded product range, inclusivity and diversity.
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Scope Of Virtual Dressing Rooms Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Virtual Dressing Rooms Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the virtual dressing room market are focusing on developing advanced technology innovations to gain a competitive advantage. Virtual dressing rooms are an application of mixed reality technology that allows online shoppers to virtually try on clothing before making a purchase, improving the shopping experience and reducing waste. For instance, in September 2022, Walmart Inc., a US-based retailer company, launched a Be Your Own Model tool that allows customers to upload their own photos and see how clothing items would look on them, with the goal of improving the online shopping experience and driving higher sales. The Be Your Own Model feature uses computer vision and neural networks to analyze the catalog images of garments and create a realistic simulation of how the clothing would drape and fit on the customer’s own body.
The virtual dressing rooms market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Application: Apparel, Beauty And Cosmetic, Eyewear, Footwear, Other Applications
3) By End User: E-Commerce, Physical Stores
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Regional Insights –
North America was the largest region in the virtual dressing rooms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual dressing rooms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the virtual dressing rooms market are Vitro S.A.B. de C.V., Reactive Reality AG, Finery, Visenze Pte. Ltd., ELSE Corp., Virtusize Co. Ltd., 3DLook Inc., Style.me, Fitle, Dressformer, Sizebay, AstraFit, Metail, Vue.ai, FXGear Inc., Fit Analytics GmbH, Coitor IT Tech Private Limited , True Fit Corp., Autonomous Retail Shopping Solutions, Zeekit Online Shopping Ltd., MemoMi Labs Inc., Zugara, Styliff Tech., Fision Technologies Inc., Fitnect Interactive Kft
Table of Contents
1. Executive Summary
2. Virtual Dressing Rooms Market Characteristics
3. Virtual Dressing Rooms Market Trends And Strategies
4. Virtual Dressing Rooms Market – Macro Economic Scenario
5. Global Virtual Dressing Rooms Market Size and Growth
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32. Global Virtual Dressing Rooms Market Competitive Benchmarking
33. Global Virtual Dressing Rooms Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Virtual Dressing Rooms Market
35. Virtual Dressing Rooms Market Future Outlook and Potential Analysis
36. Appendix
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