Home Markets Global Virtual Mirror Market Is Expected to Reach USD 17.65

Global Virtual Mirror Market Is Expected to Reach USD 17.65

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Newark, NJ, May 26, 2021 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global virtual mirror market is expected to grow from USD 3.64 billion in 2020 and to reach USD 17.65 billion by 2028, growing at a CAGR of 25.30% during the forecast period 2021-2028.

The virtual mirror market is witnessing a significant growth from past few years, because of the increasingly rising adoption of e-commerce worldwide and the growing number of smartphone users. E-commerce is expected to account for nearly 22% of global retail sales by 2023. Furthermore, strict guidelines for social distancing followed during the COVID-19 lockdowns in the first quarter of 2020, results in an unprecedented increase in online shopping. This will increase demand for virtual mirrors around the world with popularity for personalised user experiences.

A virtual mirror, commonly known as a smart mirror, is a gadget that projects the user’s image onto a screen…

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