Novainvent

project

Vsize

for a perfect fit, no more returns 

VSIZE - Perfect Fit, Every Time

Vsize solution that matches a computer model of the actual foot and the actual dimensions of shoes and thereby can be remotely ensured size and fit. This leads to a more sustainable e-commerce through reduced returns, reduced waste of packaging materials and greater customer satisfaction.

 

A Paradigm Shift in Online Shoe Shopping

VSIZE represents a groundbreaking approach to online shoe shopping. By integrating 3D scanning technology with a sophisticated size-matching algorithm, we are tackling one of e-commerce’s most significant challenges – ensuring a perfect fit without the need for physical try-on. Projektets 

Problem: High return rates in online shoe shopping due to size mismatch and fitting issues. Lösning: VSIZE uses 3D foot scanning and a powerful algorithm to match customers with shoes that fit perfectly. Mål: To reduce return rates, enhance customer satisfaction, and promote sustainable shopping practices.

Technology and Innovation: 3D Scanning, easy and accurate foot scanning using a smartphone. Data-Driven Matching: Leveraging a vast database of shoe measurements for precise matching. Sustainability: Aiding in the reduction of returns and waste, aligning with global sustainability goals. 

Successful development of the VSIZE app and initial testing phases. Expansion of the shoe database, wider app deployment, and partnerships with major e-commerce platforms. 

 

Vision: To become the industry standard for online shoe size matching and to contribute significantly to sustainable e-commerce practices. 

VSIZE is not just an app; it’s a movement towards smarter, more responsible consumerism. We invite you to join us in this journey to reshape the world of online shoe shopping.

  1. Market Growth and Size:

    • The global virtual fitting room market was valued at around USD 3.8 billion in 2020 and is expected to rise to USD 10.5 billion by 2026, with a Compound Annual Growth Rate (CAGR) of 18% from 2021 to 2026​​.
    • The market size was estimated at USD 3.96 billion in 2022 and is expected to grow at a CAGR of 23.9% during the forecast period​​.
    • By 2030, the market is projected to reach USD 18.31 billion, growing at a CAGR of 21.1% from 2023​​.

  2. Market Drivers:

    • Factors such as rising online shopping habits, growing number of mobile users, and increased use of digital technology by retailers are major drivers​​.
    • The rapid expansion of online and mobile commerce, as well as advanced features like look comparison and video chatting in online shopping, are also contributing to market growth​​.
    • The introduction of Virtual Reality (VR) and Augmented Reality (AR) technologies in VFR solutions is expected to enhance customer experience and efficiency in e-commerce​​.

  3. Market Segmentation:

    • The market is segmented into hardware, software, and services, with further subdivisions in each category​​.
    • Applications of VFR technology include apparel, eyewear, jewelry and watches, beauty and cosmetics, among others​​.

  4. Geographical Insights:

    • North America was the largest market for VFR solutions recently, owing to significant adoption of advanced technologies and high internet-based service usage​​.
    • Europe and the Asia-Pacific region are also showing considerable growth in the virtual fitting room market​​.

  5. Recent Developments:

    • In March 2023, Savage X Fenty partnered with FIT:MATCH and Intel to release advanced body shape technology​​.
    • Major brands like H&M, Hugo Boss, and others have implemented VFR technology to enhance their online customer experience​​​​.
    • Snapchat has collaborated with brands like Gucci and American Eagle to introduce new AR shopping tools​​.

  6. Key Industry Players:

    • Prominent players in this market include ELSE Corp Srl, Autumn Rock Limited, Magic Mirror, Fit Analytics GmbH, True Fit Corporation, and FXGear Inc.​​.

In summary, the virtual fitting room market is experiencing robust growth, driven by technological advancements in AR and VR, growing online and mobile commerce, and the increasing inclination of major brands towards enhancing the digital shopping experience. The market is expected to continue its upward trajectory, buoyed by innovations and increased adoption globally.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Innovation for a better future