Virtual Fitting Room Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players
The global virtual fitting room market generated a revenue of $3,128.6 million in 2019 and is predicted to reach a valuation of $19,250.4 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 18.5% between 2020 and 2030. The rising popularity of online shopping, the increasing utilization of smartphones, and the soaring usage of advanced technologies and solutions by retailers for expanding their customer base are the main growth drivers of the market.
The rising penetration of the internet and smartphones is boosting the popularity of online shopping around the world. As per the UNCTAD, which is the United Nation’s trade and development body, online sales generated a revenue of $25.6 trillion in 2018, which was a rise of around 8% from the previous year’s revenue. Furthermore, the total e-commerce sales revenue, that included business-to-business (B2B) and business-to-customer (B2C) sales, was nearly 30% of the worldwide gross domestic product (GDP) in that year.
The rising penetration of the internet and smartphones is boosting the popularity of online shopping around the world. As per the UNCTAD, which is the United Nation’s trade and development body, online sales generated a revenue of $25.6 trillion in 2018, which was a rise of around 8% from the previous year’s revenue. Furthermore, the total e-commerce sales revenue, that included business-to-business (B2B) and business-to-customer (B2C) sales, was nearly 30% of the worldwide gross domestic product (GDP) in that year.
Additionally, the organization found that in 2018, as many as 1.45 billion persons, that is nearly one-quarter of the global population of people in the age bracket- 15 and older, purchased services/products online, recording around 9% rise from the number of online shoppers in 2017. Out of all the other countries, China had the largest population of e-commerce shoppers (nearly 610 million) in that year. These factors are propelling the advancement of the virtual fitting room market across the globe.
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This market research report provides a comprehensive overview of the virtual fitting room market
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/virtual-fitting-room-market/report-sample
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
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