The “Smart Mirror” market is expected to reach $1,220.3 million by 2022, growing at a CAGR of 14.4% during the forecast period 2016–2022, reports Infoholic Research LLP.
Any highly functional mirror consisting various layers of different smart materials can be a Smart Mirror. The Augmented Reality (AR) based smart mirror concept is set to gain a considerable market share in multiple brick and mortar businesses. Smart Mirror is the newest advancement set to completely reinvent the retail experience.
The sheer pain physical stores have experienced so far in terms of revenue generation has been massively due to popularity of E-commerce platform aka online shopping. Ever rising dominance of mobile app usage throughout the world has made it harder for storefront retailer to attract customers for over a decade now.
As a consequence, storefront retailers have a genuine reason to look for latest innovations to regain the market share along with an eye to enhance in-store experience for their customers. Luckily, technologies like Internet of Things (IoT) and Augmented Reality (AR) have enormous potential to transform their fortunes with a solution described as Smart Mirror.
According to a survey, 76% of customers who try products in a dressing room end up purchasing. It brings a great reason for retail clothing stores to implement smart mirrors that are capable of producing an image of what a customer might look like through virtual try-on along but with suggestions and a highly personalized and assisted experience.
Augmented Reality(AR) software allows users to try different clothes in real time, as a sort of “try before you buy” option. The mirror will work as personalized product recommendation engine. A one-of-a-kind AR solution for keeping audiences of all ages entertained and engaged while simultaneously generating ROI.
To control AI powered Smart Mirror, we at Let’s Nurture, provide IoT based applications which helps in updating the content that would be useful for the users visiting the store.
If you wish to develop tailor made IoT based POC for AI powered Smart Mirror, the cost would be in region of $30000-$50000 + Admin Panel (Free), all inclusive. et us now have a look at the bifurcation of estimated cost along with basic features, followed by add on and innovative features.
|System||Basic Features||Admin Features|
|Smart Mirror to be installed||Architecture and Hardware Design||User login and sub user creation|
|3D design and development||Upload product information for 3D rendering|
|Fully configured CPU with proper RAM and HDD||Total product counts|
|Kinect Sensor for depth measurement||Total number of visitors count|
|Touch Screen||Bifurcation for Male/Female visitors|
|Machine Vision||Graphical statistics for analytics report|
|360° degree Tryon|
|Total Cost to develop AR based Smart Mirror||$30000-$50000 + Admin Panel (Free)|
|System||Add on Features||Add on Admin Features|
|Smart Mirror||Purchase/ Buy Icon||Order history|
|QR Code for Payment||Auto QR code generation|
|Image Sharing on social platforms||Analytics of social sharing|
|Recommendation engine||Manage recommendation|
|Voice assistant integration||User behaviour tracking|
|Send photo to your email||Contact list export|
|User account creation to store its past history|
An artificial intelligence and machine learning enabled smile detection functionality that captures picture when person is smiling. Our AI-ML developers will put their best efforts to provide a flawless experience for users to implement this feature in AR based smart mirror.
An emotion recognition feature that detects human emotions, such as sadness, anger, happiness and more. Based on human emotion, the video would be played based upon human emotions to cheer users.
The smart mirror will collect user’s data on first visit. When user visits mirror again, mirror will greet user by name, based on the previous tastes, smart mirror makes suggestions to try on.
Let’s Nurture is a top AR app development company having development centers in India, USA, UK, Canada, Australia, Singapore and Kuwait. With expertise of our in-house IoT developers, AR developers, Web developers and designers; we have provided IoT and AR based smart mirror solutions to the retail industry. Our expertise in Artificial intelligence, and the associated technologies of Natural Language Processing (NLP) and Machine Learning (ML), enables retailers to reach out to customers at a personal level, engage in deeper interactions and enhance their experience with the brand. From product design of smart mirror to in-store deployment, we provide end-to-end services. Leveraging our experience in catering global clients for over a decade, we provide flexible engagement models with flexible options to hire AR developers to build AR based smart mirror system.
Strategic consultation on technology
Product Designing and Development
Competitive Pricing for custom requirements
Brainstorming and structuring a quality driven development cycle
Expert team of AR development deployment
On time reporting and effective communication
Industry based chatbot solutions
Quality testing and analysis
A comprehensive Project review
Complete transparency on deliverables