USD 4.86 billion
Report ID:
SQMIG25Z2014 |
Region:
Global |
Published Date: May, 2024
Pages:
223
|Tables:
90
|Figures:
73
Global Virtual Dressing Rooms Market size was valued at USD 4.86 billion in 2022 and is poised to grow from USD 6.03 billion in 2023 to USD 27.34 billion by 2031, growing at a CAGR of 24.1% in the forecast period (2024-2031).
Virtual dressing rooms market are the online equivalent of in-store fitting rooms, which allow customers to try on clothes and check its fit, size, and style virtually. It has superior speed and efficiency than conventional dressing rooms. It allows shoppers to try different products, such as accessories, watches, shoes, and clothes, based on their preferences. It comprises various components, including miniature cameras, apps, and login credentials, which offer a hassle-free, flexible, engaging, and personalized shopping experience as compared to brick-and-mortar outlets. As a result, e-commerce platforms are relying on VFR solutions nowadays to build brand loyalty and reduce expenses.
The global virtual dressing rooms market is experiencing significant growth, driven by several key factors that are reshaping the retail and fashion industries. One of the primary drivers propelling market expansion is the increasing adoption of e-commerce platforms and digital shopping experiences. As consumers increasingly turn to online shopping for convenience, variety, and accessibility, retailers are seeking innovative solutions to replicate the in-store shopping experience virtually. Virtual dressing rooms offer a compelling solution by enabling customers to visualize how clothing and accessories would look on them without physically trying them on. This technology utilizes augmented reality (AR) and virtual reality (VR) technologies to superimpose digital clothing items onto the customer's image in real-time, providing an immersive and interactive shopping experience. Moreover, virtual dressing rooms address common pain points associated with online apparel shopping, such as uncertainty about fit and style, leading to increased confidence and satisfaction among consumers.
Additionally, the COVID-19 pandemic has accelerated the adoption of virtual dressing rooms as retailers seek to minimize physical contact and maintain social distancing measures in brick-and-mortar stores. As retailers and fashion brands continue to invest in enhancing their online shopping experiences and leveraging emerging technologies, the global virtual dressing rooms market is expected to witness sustained growth in the coming years.
Despite these drivers, challenges such as the high implementation costs, technological complexities, and the need for high-quality 3D models pose as restraints to market growth. Additionally, concerns regarding privacy and data security may hinder the widespread adoption of virtual dressing rooms among consumers. However, as technology continues to evolve and retailers invest in improving user experiences, the global virtual dressing rooms market is expected to overcome these challenges and witness significant growth in the foreseeable future.
Global Market Size
USD 4.86 billion
Largest Segment
Augmented Reality (AR)
Fastest Growth
Augmented Reality (AR)
Growth Rate
24.1% CAGR
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The global virtual dressing room market can be segmented based on technology into augmented reality and virtual reality, based on deployment mode into cloud-based, on-premises, based on end-user into Retailers, E-commerce platforms, and fashion brands. Based on Application apparel, footwear, and accessories. Based on region, the market is segmented into North America, Europe, Asia Pacific, the Middle East, and Africa.
Analysis by Technology
In the global virtual dressing rooms market, augmented reality (AR) technology currently stands out as the dominant segment. AR-based virtual dressing rooms have gained widespread popularity and adoption due to their ability to seamlessly integrate digital clothing items into the user's real-world environment. By overlaying virtual garments onto live video feeds or images captured through webcams or smartphones, AR technology enables users to visualize how clothing would look on them in real-time. This interactive and immersive shopping experience enhances consumer engagement, confidence, and satisfaction, leading to higher conversion rates and reduced return rates for retailers. Moreover, AR-based virtual dressing rooms offer accessibility through mobile devices, allowing users to try on clothing items from the comfort of their homes or on-the-go. As a result, retailers and fashion brands are increasingly investing in AR technology to enhance their online shopping experiences and differentiate themselves in the competitive e-commerce landscape. With continuous advancements in AR technology and increasing consumer acceptance, the dominance of AR-based virtual dressing rooms is expected to persist in the global market, driving further innovation and growth in the coming years.
The fastest-growing segment in the global virtual dressing rooms market is virtual reality (VR) technology. While augmented reality (AR) currently dominates the market, VR is rapidly gaining traction due to its immersive and highly engaging shopping experience. VR-based virtual dressing rooms create simulated 3D environments where users can interact with digital clothing items and customize their virtual avatars. This technology transports users to a virtual store environment, allowing them to browse through clothing collections and try on garments as if they were in a physical store. The immersive nature of VR enhances user engagement and provides a more realistic representation of how clothing fits and looks.
Furthermore, advancements in VR hardware, such as VR headsets and controllers, have made the technology more accessible to consumers. As a result, retailers and fashion brands are increasingly exploring VR-based solutions to enhance their online shopping experiences and cater to the growing demand for immersive and interactive shopping environments. With ongoing innovation and investment in VR technology, coupled with rising consumer interest, the VR segment of the virtual dressing rooms market is poised for rapid growth in the coming years, shaping the future of digital retail experiences.
Analysis by Deployment Mode
In the global virtual dressing rooms market, the dominant and fastest growing segment by deployment mode is cloud-based solutions. Cloud-based virtual dressing rooms have gained significant traction among retailers and fashion brands due to their numerous advantages and benefits. With cloud-based deployment, the virtual dressing room software and data are hosted on remote servers managed by third-party cloud service providers. This deployment mode offers retailers greater flexibility, scalability, and accessibility compared to on-premises solutions. Cloud-based virtual dressing rooms allow retailers to access the platform from any location via the internet, using various devices such as smartphones, tablets, or desktop computers. Additionally, cloud-based solutions require minimal upfront investment as retailers do not need to invest in on-premises infrastructure or hardware. They also offer faster deployment, automatic updates, and seamless integration with existing e-commerce platforms, enabling retailers to quickly adapt to changing market demands and consumer preferences. As a result of these benefits, cloud-based deployment has emerged as the dominant segment in the global virtual dressing rooms market, catering to the growing demand for flexible and scalable digital shopping experiences in the retail industry.
On-premises virtual dressing room solutions, on the other hand, involve deploying the software and infrastructure within the retailer's premises, typically on local servers or data centres. With on-premises deployment, retailers have greater control over their virtual dressing room environment, including data security, customization, and compliance with regulatory requirements. However, on-premises solutions require significant upfront investment in hardware, software licenses, and IT infrastructure. They also entail ongoing maintenance, upgrades, and support from internal IT teams or third-party vendors.
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North America leads the adoption of virtual dressing room technology, driven by a mature retail sector, high internet penetration, and a tech-savvy consumer base. Major retailers and e-commerce platforms in the region have been early adopters of virtual try-on solutions to enhance the online shopping experience and reduce returns. The presence of leading technology companies and startups focusing on augmented reality (AR) and virtual reality (VR) further accelerates innovation and market growth. The United States and Canada are the major contributors in North America.
Europe: European countries are witnessing increasing adoption of virtual dressing room technology, particularly in the fashion and retail sectors. Stringent lockdown measures during the COVID-19 pandemic drove online shopping trends, leading to greater interest in virtual try-on solutions as consumers sought immersive and interactive shopping experiences from home. Regulations such as the General Data Protection Regulation (GDPR) influence data privacy considerations and shape the deployment of virtual dressing room solutions. United Kingdom, Germany, France, Italy, and Spain are major players.
Asia Pacific: Asia Pacific is a rapidly growing market for virtual dressing room technology, fuelled by the region's expanding e-commerce ecosystem, rising disposable incomes, and increasing smartphone penetration. China leads the adoption of mobile-based virtual try-on solutions, with popular e-commerce platforms integrating AR technology to enable virtual fitting experiences. In countries like India and Southeast Asian nations, the burgeoning e-commerce market and digital transformation initiatives by retailers drive the demand for virtual dressing room solutions to differentiate offerings and improve customer engagement.
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Drivers
E-commerce Growth
Changing Consumer Behaviour
Restraints
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The competitive landscape of the global virtual dressing rooms market is characterized by intense competition among key players striving to gain market share and establish themselves as leaders in the industry. Several prominent companies, including Zeekit, Metal, Zugara, Visage Technologies, and Virtusize, among others, are actively engaged in developing and offering innovative virtual dressing room solutions tailored to meet the evolving needs of retailers, fashion brands, and consumers.
One of the primary market-specific strategies adopted by these players is continuous innovation in technology and product development. These companies invest heavily in research and development to enhance the features and capabilities of their virtual dressing room solutions, such as improving accuracy in garment rendering, optimizing user interfaces for seamless user experiences, and integrating advanced functionalities like size recommendation algorithms and social sharing features. By staying at the forefront of technological advancements, these companies aim to differentiate their offerings and maintain a competitive edge in the market.
Moreover, strategic partnerships and collaborations play a vital role in the competitive landscape of the global virtual dressing rooms market. Many virtual dressing room providers collaborate with retailers, fashion brands, and e-commerce platforms to integrate their solutions directly into existing online shopping platforms. By forming strategic alliances with industry stakeholders, virtual dressing room companies can expand their market reach, gain access to new customer segments, and drive adoption of their technology on a broader scale.
Top Player’s Company Profiles
Recent Developments
Integration with E-commerce Platforms:
Mobile Applications and AR Try-On:
Customization and Personalization:
Integration of AI and Machine Learning:
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
Our research on the Global virtual dressing room market shows the thriving e-commerce sector, on account of the increasing internet penetration and boosting sales of smartphones, in confluence with the growing high-fashion trend, represents one of the key factors bolstering the virtual dressing room market growth. Moreover, apparel merchandisers worldwide are significantly investing in promotional campaigns to increase customer loyalty, gain a competitive advantage, and provide real-time tracking of products. This, in turn, is strengthening the growth of the virtual dressing room market. Apart from this, several brands are following hybrid models wherein bricks-and-mortar sales are combined with online fitting and customization to improve customer experience.
Furthermore, with the ongoing coronavirus disease (COVID-19), there is a considerable rise in safety concerns among individuals. This is influencing the need for VDR solutions for social distancing and preventing the spread of the pandemic. In line with this, technology interface designers are introducing tactile output devices or haptic interfaces that mimic texture and roughness using electrically generated fields. This is anticipated to aid in the development of next-generation interactive VDRs and propel the market further.
However, lack of awareness and high adoption can act as a restraining factor for the virtual dressing room market. Small and medium retailers are still not aware of the concept. Retailers with less knowledge about its deployment may result in lesser adoption of the solution. People do not know about it due to insufficient publicity. Apart from this, small and medium retailers are unable to afford it due to its high implementation cost.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.86 billion |
Market size value in 2031 | USD 27.34 billion |
Growth Rate | 24.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Virtual Dressing Room Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Virtual Dressing Room Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Virtual Dressing Room Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Virtual Dressing Room Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25Z2014
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