Virtual Mirror - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Virtual Mirror Market is accounted for $4.49 billion in 2019 and is expected to reach $24.50 billion by 2027 growing at a CAGR of 23.6% during the forecast period. While the factors like, ease of trying clothes in a virtual environment in stores and increasing number of e - commerce platforms and usage of internet for retailing are the major factors propelling the market growth. However, the government regulation limiting the use of virtual mirrors in automobiles is hampering the market growth.
A virtual mirror is a blend of RFID technology plus augmented reality which act as a virtual fitting room. The device displays the user’s own image on a screen as if that screen were a mirror. Several versions feature augmented reality additions to the video display, or use a completely virtual graphical avatar of the user.
Based on the component, the software segment is estimated to have a lucrative growth due to the need for providing visual interactive features on enthusiastic hardware systems such as mirrors and kiosks. The software ensures well-matched display on apps and websites for trying clothes and accessories in a virtual world.
By geography, Europe is going to have a lucrative growth during the forecast period due to the usage of virtual mirrors in the retail and hospitality verticals. Europe is famous for its fashion and hospitality industries. The regional market is also open to innovations in the automotive industry due to the implementation of virtual windscreen solutions for luxury cars.
Some of the key players profiled in the Virtual Mirror Market include SenseMi ViuBox, Virtusize, True Fit Corporation, Dressformer, Styku, Bodymetrics, Total Immersion, Fits.me Holdings Limited, Cisco Systems, Astrafit, DigitalDM, International Business Machine Corporation, Metail Limited, 3D - A – Porter and Zugara, Inc.
Deployment Modes Covered:
• 3D Augmented Reality & Virtual Reality
• 3D Body Scanning
• Photo Accurate VFR
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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