Startup Ideas AI

Small retailers often struggle to compete with e-commerce giants due to their limited resources and lack of innovative solutions. A compelling startup idea would be to develop a virtual reality try-on platform that enables small retailers to offer an immersive online shopping experience, allowing customers to virtually try on products before making a purchase. This would bridge the gap between physical shopping and online convenience, attracting more customers to small retailers. Market size: According to a report by Allied Market Research, the global virtual reality market size is expected to reach $57.55 billion by 2027, with a compound annual growth rate of 28.2%. This market includes various industries like retail, gaming, entertainment, and more.