Toggle3D.AI Announces Array of Major Platform Updates Featuring New & Exclusive AI-Powered Rendering for 3D Models and CAD Product Photography

Rhea-AI Summary

Toggle3D.AI announced significant updates to its platform, introducing a pioneering AI-powered rendering studio. This new feature allows users to produce up to eight high-resolution images (1K to 4K) swiftly, catering to the $129 billion eCommerce product photography market. The platform's pay-as-you-go credit system offers an affordable way to create 3D models and product images, eliminating the need for costly photoshoots. Key benefits include low costs, high-quality images, instant results, versatile angles, eCommerce readiness, and easy customization. The eCommerce product photography market is forecasted to grow to $275.4 billion by 2030, driven by the need for quality visuals in online retail. Toggle3D.AI's technology aims to enhance customer engagement, reduce return rates, and increase conversion rates, providing a comprehensive solution for eCommerce businesses.

Positive

• Launch of an exclusive AI-powered rendering studio, unique in the industry.
• Capability to render up to eight high-resolution images, from 1K to 4K, quickly.
• Affordable pay-as-you-go credit system for 3D models and product images.
• Significant market potential with the eCommerce product photography market expected to grow to $275.4 billion by 2030.
• Proven benefits such as a 30% higher conversion rate and 22% reduction in return rates due to high-quality product images.

Negative

• None.

Industry First AI-Powered Rendering Platform Targeting the $129 Billion eCommerce Product Photography Market

TORONTO, ON / ACCESSWIRE / June 20, 2024 / Toggle3D.ai (the "Company") (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C), a innovative AI solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models is excited to announce major platform upgrades. The launch of its exclusive and industry first i AI-powered photography rendering studio, now available within the Toggle platform. This innovative technology enables users to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay as you go credit system that makes purchasing 3D models, meshes, or 3D product photography easy and affordable.

Key advantages of Toggle3D.AI's platform include:

Low Cost - Eliminate the need for expensive photo shoots.

High Quality - Produce images from 1K to 4K resolution.

Instant Results - Create stunning images in minutes.

Versatile Angles of the product - Generate images in any orientation, no need for green screens.

E-commerce Ready - Perfect for showcasing products online.

Effortless Customization - Easily create diverse images with multiple backgrounds.

eCommerce Product Photography Market Insights

According to Verified Market reports the eCommerce Product Photography Market size was valued at USD 129 Billion in 2023 and is expected to reach USD 275.4 Billion by the end of 2030 with a CAGR of 11.6% During the Forecast Period 2024-2030.

This growth is driven by the increasing importance of high-quality visuals in online retail, as businesses seek to enhance customer engagement and reduce return rates.

In the e-commerce industry, visualizing products effectively is crucial, significantly influencing the decision-making process of potential customers. High-quality product photography is proven to be a key factor in driving sales and building consumer trust. According to recent data:

Product Pages with High-Quality Images see a 30% higher conversion rate than those with low-quality visuals.

Consumer Trust: 75% of online shoppers rely on product photos when deciding on a purchase.

Return Rates: Clear and accurate product images can reduce return rates by up to 22%.

Engagement Metrics: Products with multiple images from different angles generate 65% more engagement and interaction.

Toggle3D.AI's solution offers AI powered affordable and efficient alternatives to costly photo shoots, allowing businesses to produce professional-grade photos that highlight unique features and present products in real-world contexts. This capability is essential for creating a memorable and persuasive online shopping experience, leading to higher conversion rates and customer satisfaction.

Try out this new feature in our platform at : https://app.toggle3d.com/

The platform's ease of customization enables businesses to quickly adapt images for different marketing campaigns or seasonal promotions, ensuring that their content remains fresh and engaging. By leveraging AI-powered rendering, Toggle3D.AI empowers e-commerce businesses to elevate their product photography and drive sales like never before.

Toggle3D.AI, with its comprehensive suite of 3D and AR services, now offers a powerful one-stop solution for e-commerce with the addition of AI-driven product photography. Within the Toggle platform, users can create and texture 3D models, visualize products in augmented reality (AR), share AR experiences directly on e-commerce websites, and generate stunning, high-resolution product photos effortlessly. This seamless integration empowers businesses to elevate their digital presence and drive sales with cutting-edge visual technology.

About Toggle3D.ai
Toggle3D.AI is a leading provider of innovative 3D rendering solutions, dedicated to transforming the way businesses visualize and present their products. Our platform harnesses the power of artificial intelligence to deliver high-quality, customizable images quickly and efficiently, helping e-commerce businesses thrive in a competitive market.

Toggle3D.ai Investor Relations
Visit the Toggle3D Investor Relations website and sign up for the investor mailing list to receive the latest news, press releases, investor presentations, CEO interviews, financial information and more.

Sign up for the investor mailing list -click here

Follow Toggle3D.ai on Social Media
YouTube:https://www.youtube.com/@Toggle3D
Insta:https://www.instagram.com/toggle3d.ai/
Facebook:https://www.facebook.com/Toggle3D
LinkedIn: https://www.linkedin.com/company/toggle3d-ai/
Twitter:https://twitter.com/Toggle3Dai

For further information, please contact:

Toggle3D.ai
Evan Gappelberg
Director
866-ARITIZE (274-8493)

Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Toggle3D.AI Inc.

View the original press release on accesswire.com

FAQ

What updates did Toggle3D.AI announce for its platform?

Toggle3D.AI announced the launch of an AI-powered rendering studio that allows users to create up to eight high-resolution images swiftly.

How does Toggle3D.AI's new feature benefit eCommerce?

The new feature provides high-quality, versatile product images quickly and affordably, enhancing customer engagement and reducing return rates.

What is the projected growth of the eCommerce product photography market?

The market is expected to grow from $129 billion in 2023 to $275.4 billion by 2030.

What are the key advantages of Toggle3D.AI's platform?

Advantages include low cost, high-quality images (1K to 4K), instant results, versatile angles, eCommerce readiness, and effortless customization.

How does Toggle3D.AI's technology impact conversion rates?

High-quality images produced by Toggle3D.AI's technology can increase conversion rates by 30%.