The study reveals that virtual kitchen is trending in North America region. The growing requirement of virtual kitchen by the people due to its new innovation in technology such as virtual flame technology in home and appliances in which the intensity of the virtual flame increases the power up to highest levels of heat range. This technology also uses blue LED flame projections that offers more amazing cooking experience to the people. Samsung has come up with the virtual flame technology which is widely used in virtual kitchen.
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In North America region, the virtual kitchen demand are growing with huge demand among various verticals such as residential, hospitality and others. The prominent companies such as Microsoft Corporation (U.S), Homer TLC, Inc. (U.S), The National Kitchen & Bath Association (U.S), Aetna, Inc. (U.S.), are leading in virtual kitchen solution that can offer new experience to the customers at reduced cost. Due to the changing market trends & emerging opportunities, virtual kitchen market are estimated to grow with huge demand in the market.
The global Virtual Kitchen Market is growing rapidly over ~43% of CAGR and is expected to reach at USD ~ 3,586 Million by the end of forecast period.
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.
Global Virtual Kitchen Market Segmentation
The global virtual kitchen market are bifurcated on the basis of component, technology, end users and region. The components are segmented into hardware, software and service. The technology are segmented into Wi-Fi, 3D, artificial intelligence and others. The end users are segmented into commercial space, residential, hospitality and others. The region includes North America, Europe, Asia Pacific and Rest of the world.
Market Research Analysis:
On geographic basis, global virtual kitchen market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the virtual kitchen market. The virtual kitchen are gaining huge demand due to digital assistance which is detecting the voice is driving the virtual kitchen market growth. In this market, Europe is to be estimated to be the second largest market share for virtual kitchen during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.
- 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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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
- MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
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