Press Release

Virtual Fitting Room Market: Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2027

Top Players in Virtual Fitting Room (VFR) Market includes Zugara, Visualook, Virtusize AB, Truefit Corporation, Total Immersion, Sizebay, Metal, Imaginate Technologies Inc.

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”. Trial rooms in retail outlets are usually located in distant corners to ensure privacy. However, these spaces are poorly ventilated and with the coronavirus pandemic spreading wildly across the globe, shoppers are being wary of entering stores which can get crowded rapidly. Complying with social distancing rules, fashion brands have also been forced to seal off their trial rooms. For example, Kohl’s, the American retail chain announced the closure of its trial rooms indefinitely in March. This presents a unique opportunity for companies to promote their VFR platforms as they can ensure that customers are able to enjoy the full trial-room experience virtually and make an informed purchase decision.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/virtual-fitting-room-vfr-market-100322

According to the report, the market value stood at USD 2.44 billion in 2019. Besides this, the report shares the following:

  • 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; and
  • Exhaustive research into the different market players and study of their key strategies.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/virtual-fitting-room-vfr-market-100322

Rising Popularity of E-commerce will Fuel Demand for Virtual Fitting Room

The virtual fitting room is very similar to the physical in-store changing room, which provides an active way for buyers to try attires, accessories, and other things virtually instead of tangible. Automation has gradually attained marketability in the past few years, and fashion traders are anticipated to set out with equivalent to offer a more likeable experience to fashion enthusiasts. The virtual fitting room makes use of augmented reality (AR) and works by overlaying an apparel or an accessory onto the mirror copy of the shopper.

Another aspect that is enabling growth in the market is the budding e-commerce drift and increasing inclination of a buyer towards online shopping. These factors together are likely to bode well for the overall market. E-commerce application segment is estimated to dominate the VFR market as the e-commerce industry is rising rapidly and in the e-commerce industry, the apparel market is exhibiting growth at an accelerated pace. Virtual fitting room offers an engaging and personalized experience to shoppers online and allowing them to choose and purchase outfits at their convenience which a physical store does not provide. This is factor is aiding the expansion of the overall market. Online/E-commerce virtual fitting room is gaining more popularity as compared to an offline virtual fitting room owing to its time and effort saving features. Besides these, VFR lets the customer try and buy from home, which is a key factor aiding the market’s growth.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/virtual-fitting-room-vfr-market-100322

Some of the leading companies in the global virtual fitting room industry are

  • WearFits (Poland, Europe)
  • Shandong Yashe Information Technology Co., Ltd.
  • (Netherlands)
  • Virtusize (Tokyo, Japan)
  • Secret Sauce Partners (Hungary, Europe)
  • Coitor It Tech (Tamil Nadu, India)
  • (Kiev, Europe)
  • Visualook (Murcia, Spain)
  • 3D-A-PORTER. (United Kingdom)
  • (Ontario, Canada)
  • Fision AG (Switzerland)
  • Quy Technology Pvt. Ltd
  • Virtooal (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)

Purchase Full Report for Exclusive Virtual Fitting Room (VFR) Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/100322

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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