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Virtual Fitting Room Market Emerging Growth Factors, Size, Share And Global Industry Analysis Till 2024

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By Author: MnM
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According to MarketsandMarkets the virtual fitting room market size is expected to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. The virtual fitting room market is said to have a potential scope for growth in the years to come due to the trend of online shopping has increased the demand of virtual fitting room technologies in retail and eCommerce.

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A virtual fitting room is the online equivalent of an in-store changing room. It helps shoppers to try on clothes to check size, fit, or style, in the virtual mode rather than physically. It scans the body of the shopper and fits the product as per the size of the shopper. In this way, the customer gets a hyper-personalized shopping experience and can visualize full looks in 3D and ultra-high resolution.

Major vendors in the global virtual fitting room market include Zugara (US), Total Immersion (France), True Fit (US), Metail (UK), 3D-A-PORTER (UK), Magic Mirror (UK), AstraFit (US), ...
... Fit Analytics (Germany), Visualook (Spain), ELSE Corp (Italy), FXGear (Korea), Sizebay (Brazil), TriMirror (US), MemoMi (US), SenseMi (UAE), and Fision Technologies (Switzerland), Coitor IT Tech (India).

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Metail is a virtual fitting room service provider company, founded in 2008 and is headquartered in London, UK. It is one of the digital companies that uses advanced computer vision technology to serve retailers and consumers. The company offers eCommerce model photography to retailers and consumers.

Moreover, the company offers a solution with the ability to try clothes online. Moreover, Metail makes use of composed photography technology that saves retailers’ time and money on online model photography without compromising on image quality and impact. In the virtual fitting room market, Metail offers solutions such as MeModel Experience and Composed Photography. The company has its presence in the UK, Europe, Asia, and Australia. In May 2017, Metail partnered with Princess Polly, the fastest-growing fashion brand. This partnership helped Metail enter the Australian market and enabled shoppers to try clothes online.

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Another important player of the virtual fitting room market, Zugara is a US-based company which was founded in 2001 and is headquartered in California. The company is a technology innovator and is one of the top-augmented reality companies. It is engaged in providing AR and VR software solutions focused on solving user interaction and industry-specific problems. Zugara has a patent portfolio specific to augmented reality, mixed reality, and computer vision ecosystems. The company has executed web, in-store retail, and mobile projects by using body detection, gesture recognition, image recognition, and facial recognition technologies. The company has licensed its products directly to the retailers and has distributed them through an international network of eCommerce platforms and resellers. The company has its presence in the US. Moreover it works with resellers across the globe to offer their products in North America, Europe, APAC, MEA, and Latin America.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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