SUMMERY:
Global Virtual Kitchen Market, By Component (Hardware, Software,
Service), By Technology (Wi-Fi, 3D, Artificial Intelligence), By End Users
(Commercial Space, Residential, Hospitality) - Forecast 2023
Market
Research Future published a research report on “Virtual Kitchen Market Research
Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress,
Trends and Forecast to 2023.
Virtual Kitchen Market -Overview
The development of
technology has inexplicably encouraged the Virtual Kitchen Market 2020 as well. The
semiconductor and electronics industry reports are produced by Market Research
Future, which highlights market options for expansion. The market is estimated
to observe a 43% CAGR, which will lead to USD 3,586 Million in earnings by
2023.
The incorporation of
technology has gained momentum recently as consumers are looking for a more
interactive experience while eating and cooking. The virtual market share is
expected to rise favorably in the coming years due to technological innovations
that are being discovered. Moreover, the increasing investment in the sector is
estimated to boost the expansion of the virtual kitchen market in the impending
period.
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Key Players:
The prominent players in the global virtual kitchen
market are – Microsoft Corporation
(U.S), HTC Corporation (Taiwan), IKEA (Netherlands), Samsung Group (South
Korea), LG Electronics Inc. (South Korea), Homer TLC, Inc.(U.S), Clicky Media
(U.K), The National Kitchen & Bath Association (U.S), Aetna, Inc. (U.S.),
Cawdor Stone Gallery (U.K.), The Saturn Corporation (U.S), Micro-Star
International (Taiwan) among others.
Segmentation:
The segmentation of the
virtual kitchen market is conducted on the basis of technology, component,
end-users, and region. The components based segmentation of the virtual kitchen
market consists of service, hardware, and software. The segmentation based on
technology consists of 3D, artificial intelligence, Wi-Fi, and others. The end-user
based segmentation of the virtual kitchen market is segmented into residential,
commercial space, hospitality, and others. The regions included in the virtual
kitchen market are North America, Europe, Asia Pacific, and the rest of the
regions.
Regional Analysis:
The regional examination of
the virtual kitchen market encompasses regions such as North America, Europe,
Asia Pacific, and the rest of the regions. The North American region is
predicted to be one of the most critical regions in the global market with
regards to the market share in the virtual kitchen market as it has an enormous
demand owing to the simulated intelligence technologies that are used in the
virtual kitchen. The European regional virtual kitchen market is anticipated to
observe speedy growth in the next period. Although, the Asia-Pacific nations
like Japan, China, and India is an up-and-coming market for virtual kitchens
and are expected to be the uppermost CAGR creator in the coming years as the
companies are taking notice of the virtual kitchen market to meet the
prerequisite of customers' demand.
Industry Updates:
Mar 2020 Zephyr, the business that
leads the specialty appliance class with ground-breaking product design and
technology, has introduced the original luxury appliance Augmented Reality (AR)
App called the Zephyr Kitchen Experience. Designers, homeowners, and builders
alike can currently self-discover Zephyr's variety hoods in 3-D via a
progressive, interactive, and easy-to-use AR experience.
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Intended Audience
·
Virtual kitchen providers
·
Professional service
providers
·
Virtual kitchen providers
·
Research and development
companies
·
Market research and
consulting firms
·
Solution providers
·
Technology standards
organizations
·
Technology investors
·
System Integrators
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