The virtual fitting room market value is predicted to grow from $3,128.6 million in 2019 to $19,250.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 18.5% from 2020 to 2030. Depending on application, the market is classified into beauty and cosmetics, footwear, apparel, jewelry and watches, and eyewear.
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Geographically, the virtual fitting room market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the future years, as per the forecast of P&S Intelligence, a market research company based in India. This will be mainly because of the rapidly surging digitization rate in retail operations in the region. In addition to this, the popularity of online shopping is soaring in regional countries such as Japan and China.
Out of these, the apparel category recorded the highest growth in the virtual fitting room market in the past years. There were numerous shoppers who purchased apparel through various e-commerce platforms. However, because of the lack of availability of product trials and size issues, the return rate was very high. Because of this reason, retailers deployed virtual footing room solutions for offering customers a better shopping experience and reducing the return rate of products.
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This market research report provides a comprehensive overview of the virtual fitting room market
Historical and the present size of the virtual fitting room market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential