The Worldwide Virtual Fitting Room Market is Projected to reach USD 19.1 Billion by 2030, at a CAGR of 23.6%

Virtual Fitting Room Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Virtual Fitting Room Market size is expected to reach $19.1 billion by 2030, rising at a market growth of 23.6% CAGR during the forecast period.

The Physical Store segment is showcasing a CAGR of 24.6% during (2023 - 2030). The uses of technology in physical stores have risen with the introduction of smart mirrors, multi-sensor body scanners, and cutting-edge interactive panels. Additional features that support the expansion of physical businesses include self-service and the ability to choose whole outfits depending on the customer's preferred brands.

The Software segment is leading the Global Virtual Fitting Room Market by Component in 2022 thereby, achieving a market value of $9.8 billion by 2030. The key businesses recognize that software is essential to virtual fitting room technology and concentrate on reaching their consumers via ongoing technical improvements and innovations. With cutting-edge and creative fitting room technology, retailers have seen a significant increase in sales, highlighting the expanding demand for specialized "try-before-you-buy" software. Over the course of the projection period, this is anticipated to increase market demand.

The Beauty & Cosmetic segment has shown the growth rate of 25% during (2023 - 2030). Famous cosmetic and cosmetics firms are switching to online product delivery as e-marketplaces increase in popularity. Virtual try-on technology, which had a difficult time being widely used, has recently gained popularity since it enables customers to virtually test out various looks and obtain helpful information about retail brands, which are likely to drive market expansion over the projection period.

The Europe market dominated the Global Virtual Fitting Room Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030. The Asia Pacific market is experiencing a CAGR of 24.5% during (2023 - 2030). Additionally, The North America market would showcase a CAGR of 23.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/virtual-fitting-room-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Zugara Inc., Sizebay (Bossanova Investimentos), Magic Mirror, Zalando SE (Fision AG), MemoMi Labs Inc. (Walmart Inc.), SenseMI Smart Solutions (Viubox), Else Corp Srl, FXGear Inc., Metail Limited (TAL Apparel), and Snap, Inc. (Fit Analytics).

Global Virtual Fitting Room Market Segmentation

By End-use

• Virtual Store
• Physical Store

By Component

• Software
  • Cloud
  • On-premise
• Hardware
• Services

By Application

• Apparel
• Eyewear
• Footwear
• Beauty & Cosmetic
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Zugara Inc.
• Sizebay (Bossanova Investimentos)
• Magic Mirror
• Zalando SE (Fision AG)
• MemoMi Labs Inc. (Walmart Inc.)
• SenseMI Smart Solutions (Viubox)
• Else Corp Srl
• FXGear Inc.
• Metail Limited (TAL Apparel)
• Snap, Inc. (Fit Analytics)

Related Reports:

North America Virtual Fitting Room Market Size Report, 2030

• June-2023
• 74 Pages

LAMEA Virtual Fitting Room Market Size Report, 2023-2030

• June-2023
• 86 Pages

Europe Virtual Fitting Room Market Size & Forecast by 2030

• June-2023
• 85 Pages

Asia Pacific Virtual Fitting Room Market Size, Share, 2030

• June-2023
• 86 Pages