Skip to main content

Virtual Fitting Room Market to Hit $10.00 Bn by 2027; Increasing Adoption of Advanced Technologies in the Apparel Industry to Boost the Market: Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, Aug. 13, 2020 (GLOBE NEWSWIRE) — The global virtual fitting room (VFR) market size is projected to reach USD 10.00 billion by 2027, exhibiting a CAGR of 20.1% during the forecast period. Concerns surrounding catching COVID-19 in trial rooms are expected to augur well for the market in the near future, finds Fortune Business Insights™ in its report, titled “Virtual Fitting Room Market Size, Share and COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Services (Integration, Support and Maintenance, and Consulting), By Application (Apparel, Eyewear, Jewelry and Watches, and Others), By End User (Physical Stores and Virtual Store) and Regional Forecast, 2020-2027”.
Click here to get the short-term and long-term impact of COVID-19 on this market.Please visit: https://www.fortunebusinessinsights.com/industry-reports/virtual-fitting-room-vfr-market-100322
Comprehensive examination of all market drivers, trends, and upcoming opportunities;Careful analysis of the possible challenges facing the market;Detailed assessment of the regional dynamics shaping the market; andExhaustive research into the different market players and study of their key strategies.
Market DriverEntry of Augmented Reality Technology in Fashion Industry to Broaden Sales HorizonsAugmented Reality (AR) technology is revolutionizing the fashion industry as it is enhancing customer shopping experience, without requiring shoppers to move from the comfort of their homes. The entry of AR and the expansion of e-commerce platforms have brought virtual fitting rooms to the fore and clothing giants around the world are heartily embracing this technological turnaround. For example, Gap launched an AR app called “DressingRoom”, which allows customers to try on clothes remotely through any Google Tango-enabled device. In California, the designer hat brand, Tenth Street Hats, created an AR-enabled “Virtual Try-On” button on its page, which, the company claimed, significantly boosted customer satisfaction levels. Amazon, too, announced in January 2019 that it was developing a VFR platform to allow customers to try out clothes of their choice before buying them. Thus, AR-powered virtual fitting rooms are empowering retail brands to engage potential customers and widen their sales horizons.
Speak To Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/virtual-fitting-room-vfr-market-100322

Regional InsightsExtensive Adoption of AR and VR Technologies to Fuel the Market in North AmericaNorth America is expected to dominate the virtual fitting room market share during the forecast period owing to active adoption of AR and Virtual Reality (VR) technologies among retail organizations in the region. Moreover, with the coronavirus gripping the region, clothing brands are aggressively implementing VFR platforms to maintain their customer base and expand revenue streams. In 2019, the region’s market size stood at USD 813.3 million.In Europe, the VFR market growth will be primarily driven by quick uptake of virtual fitting room solutions in the UK, France, Italy, Spain, and Germany. On the other hand, the market in Asia Pacific is being characterized by the emergence of AR and VR start-ups, particularly in Japan and South Korea. Additionally, proliferation of e-commerce portals in India and China will further feed the market growth in the region.Competitive LandscapeKey Players to Focus on Personalizing Shopping ExperienceAR and VR technologies are allowing key players in this market to personalize the online shopping experience for customers. Recognizing the wide scope of these technologies, companies are constantly developing novel VFR solutions to keep customers engaged and elevate their sales potential.Industry Developments:May 2019: Nike rolled out an innovative mobile app called Nike Fit that features scanning capabilities which will ensure that the customer finds the perfect shoe size for their feet. The app will also recommend fits product-wise, individually, personalizing the experience even more for the shopper.January 2019: America Eagle Outfitters (AEO) and Aila Technologies displayed AEO’s interactive VFR solution at the NRF 2019 Retail show. Aiming to augment in-store shopping experience, the virtual fitting room will be available across several AEO retail stores in the United States.List of Key Players Covered in the Virtual Fitting Room Market Report:WearFits (Poland, Europe)Shandong Yashe Information Technology Co., Ltd.liateR. (Netherlands)Virtusize (Tokyo, Japan)Secret Sauce Partners (Hungary, Europe)Coitor It Tech (Tamil Nadu, India)AstraFit. (Kiev, Europe)Visualook (Murcia, Spain)3D-A-PORTER.(United Kingdom)triMirror.( Ontario, Canada)Fision AG (Switzerland)Quy Technology Pvt. LtdVirtooal (London, United Kingdom)SIZEBAY (Brazil, South America)REACTIVE REALITY AG (Austria, Europe)ELSE Corp Srl (Milan, Italy)Fit Analytics (Chicago, USA)Magic Mirror (Guildford, UK)Zugara, Inc. (Los Angeles, California, U.S)Perfitly (New York, United States)
Quick Buy:IntroductionDefinition, By SegmentResearch Methodology/ApproachData SourcesExecutive SummaryMarket DynamicsMacro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19Short-term ImpactLong-term ImpactCompetition LandscapeBusiness Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Market Share Analysis and Matrix, 2019Key Market Insights and Analysis, By SegmentsGlobal Virtual Fitting Room Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027By Component (Value)HardwareSoftwareServicesIntegrationSupport and MaintenanceConsultingBy Application (Value)ApparelEyewearJewellery and WatchesOthers (Cosmetics, Accessories etc.)By End User (Value)Physical StoreVirtual StoreBy Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued..!!!
Virtual Networking Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Deployment Type (On-Premises, Cloud), By End-User (Banking, Financial Services, and Insurance (BFSI), Public sector, Manufacturing, Hospitality, Healthcare, IT and Telecommunications, Others)and Regional Forecast, 2019-2026Virtual Class Room Market Size, Share & Industry Analysis, By Component (Solution, Hardware, Services), By Deployment (Cloud, On-premises), By End-User (Academic Institutions, Corporates) Others and Regional Forecast, 2019-2026Virtual Private Network Market Size, Share and Global Trend By Type(Remote Access VPN, Site-to-Site VPN), By End User (Government,Telecommunication, Manufacturing, Healthcare, BFSI, Utilities, Others), By Deployment (OnPremise, On Cloud ), By Application(Consumer, Commercial, Service provider), and Geography Forecast till 2026
Virtual PBX Market Size, Share and Global Trend By Component (Solution & services), By Product (Network Traffic Management, Virtual Assistance and Support and others) and Geography Forecast till 2025

About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
 Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.