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    Metaverse in Fashion Market to grow by USD 6.61 billion from 2021 to 2026 | Growth Driven by the growing number of fashion brands entering the metaverse platform

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    Copyright 2023 PR Newswire.All rights reserved
    2023-10-19

    new york, October 19, 2023 /PRNewswire/ — Fashion market metaverse By platform (computer, mobile, headset) and region (North America,Asia Pacific, Europe, south americaand middle east and Africa) – Forecasting and Analytics 2022-2026″ report has been added to Technavio’s offering. ISO 9001:2015 certified, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. Differences in Metaverse Growth Potential in the Fashion Market from 2022 to 2026 6 dollars610 million. Gain deeper insights into market size, current market scenario, future growth opportunities, key growth drivers, latest trends, etc. Purchase the full report here



    Increasing number of fashion brands joining the Metaverse platform is a key factor driving market growth. The Metaverse platform has the potential to transform your online shopping experience. Fashion brands, especially clothing brands, rely heavily on attractive branding and branding for sales. Clothing brands use the Metaverse platform to grow their reputation. for example, April 2022Nike and RTFKT have jointly launched a virtual shoe called the RTFKT x Nike Dunk Genesis CRYPTOKICKS collection. Learn about other key drivers, trends, and challenges available at Technavio. Read the free sample PDF report now

    market challenges

    Privacy and security concerns regarding the metaverse are significant challenges limiting the market growth. Although businesses and organizations are innovating in the area of ​​information security, data privacy and protection remains a concern for Metaverse users, even without changes to their IT systems. Metaverse Services collect, process, and store large amounts of data about users and their environments. Therefore, privacy concerns have become a key issue for the fashion market metaverse. Metaverse has access to your personal data and may pose a risk to your privacy.

    The fashion market metaverse is divided by platform (computer, mobile, headset) and geography (North America,Asia Pacific, Europe, south americaand middle east and Africa).

    • Metaverse in fashion market share growth computer segment will become important during the forecast period. The emergence of the metaverse in fashion has given rise to highly personalized digital experiences. Additionally, leveraging the Metaverse, many fashion industries are developing new digital merchandising strategies, such as allowing customers to create personalized products that can be styled to their own tastes. As a result, major e-commerce companies are forced to compete and increase the availability of their products to customers.
    • 38% Most of the market growth is due to North AmericaDuring the forecast period.

    View free sample report Find insights on the contribution of all segments and regional opportunities in the report.

    Key players in the Metaverse in the fashion market:

    Accenture Plc, Active Theory LLC, adidas AG, Alibaba Group Holding Ltd., Animoca Brands Corp. Ltd, ByteDance Ltd., Gap Inc., Globant SA, Infosys Ltd., Kering SA, Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Mobiloitte Technologies, NetEase Inc., NexTech AR Solutions Corp., Nike Inc., NVIDIA Corp., Queppelin, Roblox Corp., and tencent Holdings Co., Ltd.

    Related reports:

    of Metaverse in the e-commerce market is estimated to grow at a CAGR of 39.65% during 2022-2027. The market size is projected to increase by US$ 85,885.22 billion.

    of Metaverse markets in finance It is estimated to grow at a CAGR of 21.33% from 2022 to 2027.Market size is projected to increase by USD 107.06 billion

    Metaverse in the scope of the fashion market

    Report scope

    detail

    base year

    2021

    historical era

    2017-2021

    Forecast period

    2022-2026

    Growth momentum and CAGR

    Accelerating at a CAGR of 36.47%

    Market growth 2022-2026

    $6.61 billion

    market structure

    fragmented

    YoY growth rate (%) for 2022-2023

    30.5

    regional analysis

    North America, APAC, Europe, South America, Middle East and Africa

    Contribute to the market

    North America 38%

    Major countries

    USA, China, Japan, Germany, UK

    competitive environment

    Key companies, company market position, competitive strategies, industry risks

    Introduction of major companies

    Accenture Plc, Active Theory LLC, adidas AG, Alibaba Group Holding Ltd., Animoca Brands Corp. Ltd, ByteDance Ltd., Gap Inc., Globant SA, Infosys Ltd., Kering SA, Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Mobiloitte Technologies, NetEase Inc., NexTech AR Solutions Corp., Nike Inc., NVIDIA Corp., Queppelin, Roblox Corp., and Tencent Holdings Ltd.

    Market trend

    Parent market analysis, market growth drivers and obstacles, fast growth segment analysis and slow growth segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and market situation analysis for the forecast period.

    Scope of customization

    If the report doesn’t contain the data you’re looking for, you can contact an analyst to customize your segments.

    table of contents:

    executive summary

    market scenery

    Understanding market size

    Past market size

    five forces analysis

    Market segmentation by platform

    Market segmentation by geography

    customer situation

    geographical landscape

    Drivers, challenges and trends

    Company scenery

    Company analysis

    appendix

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    Source Technavio

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