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LAMEA Virtual Fitting Room Market Size, Share & Industry Trends Analysis Report By End-use, By Component (Software (Cloud and On-premise), Hardware and Services), By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 86 Pages
  • June 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5852154
The Latin America, Middle East and Africa Virtual Fitting Room Market should witness market growth of 26.8% CAGR during the forecast period (2023-2030).

Customers have recently been significantly influenced by the growing number of fashion retailers and brands, which will drive the industry. These companies provide their consumers with various features and qualities via virtual fitting rooms that set their offerings apart from those of other market rivals. Few e-retailers provide size suggestion services, which use automated algorithms to propose or recommend the size based on the information clients supply or past preferences. Body scanners help specific online merchants stand out from the crowd of competing designer labels. These body scanning technologies use built-in cameras or webcams, and users must stand at particular distances from the gadgets so that the cameras may scan the body and obtain a reference measurement.

Virtual fitting room solutions are already being used by several well-known fashion firms. For instance, in 2020, the upscale clothing company Gucci released an augmented reality (AR) virtual dressing lens for Snapchat that allowed users to view how the brand's shoes would appear on their feet. To enhance the functionality of its virtual fitting solution, Walmart also purchased the virtual fitting room platform Zeekit and the AR virtual dressing firm Memomi. In collaboration with shops such as ASOS and Adidas, Zeekit has created technology that enables customers to virtually try on clothing before making a purchase. Based on a customer's photographs and measurements, Zeekit builds a virtual body model they may subsequently outfit. The market is expected to increase due to this technology adoption by well-known brands, which is also likely to affect other shops in the industry.

The e-commerce market in Saudi Arabia is poised for further expansion. Saudi Arabians are predicted to have 33.6 million internet users for e-commerce (buying and selling) by 2024, up 42% from 2019. Saudi Arabia has one of the highest rates of smartphone penetration (97%) in the world, more mobile broadband internet subscribers than the majority of developed markets, the tenth-fastest internet speed in the world, and a relatively high proportion of people (72%) who are over the age of 15 and have a bank account. According to estimates, the area's market will expand due to the rising e-commerce business, high smartphone and internet penetration rates across the region, and the increase in the adoption of cutting-edge technology.

The Brazil market dominated the LAMEA Virtual Fitting Room Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $358.7 million by 2030. The Argentina market is exhibiting a CAGR of 27.5% during (2023-2030). Additionally, The UAE market would showcase a CAGR of 26.5% during (2023-2030).

Based on End-use, the market is segmented into Virtual Store and Physical Store. Based on Component, the market is segmented into Software (Cloud and On-premise), Hardware and Services. Based on Application, the market is segmented into Apparel, Eyewear, Footwear, Beauty & Cosmetic and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zugara Inc., Sizebay (Bossanova Investimentos), Magic Mirror, Zalando SE (Fision AG), MemoMi Labs Inc. (Walmart Inc.), SenseMI Smart Solutions (Viubox), Else Corp Srl, FXGear Inc., Metail Limited (TAL Apparel), and Snap, Inc. (Fit Analytics).

Scope of the Study

By End-use

  • Virtual Store
  • Physical Store

By Component

  • Software
    • Cloud
    • On-premise
  • Hardware
  • Services

By Application

  • Apparel
  • Eyewear
  • Footwear
  • Beauty & Cosmetic
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Zugara Inc.
  • Sizebay (Bossanova Investimentos)
  • Magic Mirror
  • Zalando SE (Fision AG)
  • MemoMi Labs Inc. (Walmart Inc.)
  • SenseMI Smart Solutions (Viubox)
  • Else Corp Srl
  • FXGear Inc.
  • Metail Limited (TAL Apparel)
  • Snap, Inc. (Fit Analytics)

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Virtual Fitting Room Market, by End-use
1.4.2 LAMEA Virtual Fitting Room Market, by Component
1.4.3 LAMEA Virtual Fitting Room Market, by Application
1.4.4 LAMEA Virtual Fitting Room Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Virtual Fitting Room Market by End-use
3.1 LAMEA Virtual Store Market by Country
3.2 LAMEA Physical Store Market by Country
Chapter 4. LAMEA Virtual Fitting Room Market by Component
4.1 LAMEA Software Market by Country
4.2 LAMEA Virtual Fitting Room Market by Software Type
4.2.1 LAMEA Cloud Market by Country
4.2.2 LAMEA On-premise Market by Country
4.3 LAMEA Hardware Market by Country
4.4 LAMEA Services Market by Country
Chapter 5. LAMEA Virtual Fitting Room Market by Application
5.1 LAMEA Apparel Market by Country
5.2 LAMEA Eyewear Market by Country
5.3 LAMEA Footwear Market by Country
5.4 LAMEA Beauty & Cosmetic Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Virtual Fitting Room Market by Country
6.1 Brazil Virtual Fitting Room Market
6.1.1 Brazil Virtual Fitting Room Market by End-use
6.1.2 Brazil Virtual Fitting Room Market by Component
6.1.2.1 Brazil Virtual Fitting Room Market by Software Type
6.1.3 Brazil Virtual Fitting Room Market by Application
6.2 Argentina Virtual Fitting Room Market
6.2.1 Argentina Virtual Fitting Room Market by End-use
6.2.2 Argentina Virtual Fitting Room Market by Component
6.2.2.1 Argentina Virtual Fitting Room Market by Software Type
6.2.3 Argentina Virtual Fitting Room Market by Application
6.3 UAE Virtual Fitting Room Market
6.3.1 UAE Virtual Fitting Room Market by End-use
6.3.2 UAE Virtual Fitting Room Market by Component
6.3.2.1 UAE Virtual Fitting Room Market by Software Type
6.3.3 UAE Virtual Fitting Room Market by Application
6.4 Saudi Arabia Virtual Fitting Room Market
6.4.1 Saudi Arabia Virtual Fitting Room Market by End-use
6.4.2 Saudi Arabia Virtual Fitting Room Market by Component
6.4.2.1 Saudi Arabia Virtual Fitting Room Market by Software Type
6.4.3 Saudi Arabia Virtual Fitting Room Market by Application
6.5 South Africa Virtual Fitting Room Market
6.5.1 South Africa Virtual Fitting Room Market by End-use
6.5.2 South Africa Virtual Fitting Room Market by Component
6.5.2.1 South Africa Virtual Fitting Room Market by Software Type
6.5.3 South Africa Virtual Fitting Room Market by Application
6.6 Nigeria Virtual Fitting Room Market
6.6.1 Nigeria Virtual Fitting Room Market by End-use
6.6.2 Nigeria Virtual Fitting Room Market by Component
6.6.2.1 Nigeria Virtual Fitting Room Market by Software Type
6.6.3 Nigeria Virtual Fitting Room Market by Application
6.7 Rest of LAMEA Virtual Fitting Room Market
6.7.1 Rest of LAMEA Virtual Fitting Room Market by End-use
6.7.2 Rest of LAMEA Virtual Fitting Room Market by Component
6.7.2.1 Rest of LAMEA Virtual Fitting Room Market by Software Type
6.7.3 Rest of LAMEA Virtual Fitting Room Market by Application
Chapter 7. Company Profiles
7.1 Zugara Inc.
7.1.1 Company Overview
7.2 Sizebay (Bossanova Investimentos)
7.2.1 Company Overview
7.3 Magic Mirror
7.3.1 Company Overview
7.4 Zalando SE (Fision AG)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.5 MemoMi Labs Inc. (Walmart Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.1 Segmental and Regional Analysis
7.6 SenseMI Smart Solutions (Viubox)
7.6.1 Company Overview
7.7 Else Corp Srl
7.7.1 Company Overview
7.8 FXGear Inc.
7.8.1 Company Overview
7.9 Metail Limited (TAL Apparel)
7.9.1 Company Overview
7.10. Snap, Inc. (Fit Analytics)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expenses

Companies Mentioned

  • Zugara Inc.
  • Sizebay (Bossanova Investimentos)
  • Magic Mirror
  • Zalando SE (Fision AG)
  • MemoMi Labs Inc. (Walmart Inc.)
  • SenseMI Smart Solutions (Viubox)
  • Else Corp Srl
  • FXGear Inc.
  • Metail Limited (TAL Apparel)
  • Snap, Inc. (Fit Analytics)

Methodology

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