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Augmented Reality Market Size, Share, Growth, Trends, Forecast, Industry Analysis, Segmentation | Valuates Reports

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Swapnil GVR
Augmented Reality Market Size, Share, Growth, Trends, Forecast, Industry Analysis, Segmentation | Valuates Reports

The global augmented reality market size was valued at USD 17.67 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 43.8% from 2021 to 2028. The rising demand for remote assistance and collaboration from enterprises that assist in workflow management and optimization is expected to propel market growth. Businesses are using Augmented Reality (AR) -based apps for tracking, identifying, and resolving technical issues as well as for tasks, such as retrofitting, assembling, manufacturing, and repairing production lines.

 

The growing adoption of AR in healthcare applications is expected to drive the growth of the market. Several AR-based solution providers are collaborating with healthcare organizations to provide AR-powered healthcare applications for various purposes. For instance, in November 2018, FundamentalVR entered into a strategic alliance with Mayo Clinic to jointly develop surgical VR simulations. Fundamental Surgery, a platform by FundamentalVR combining virtual reality with haptics to provide an affordable surgical simulator, has already been implemented at Mayo Clinic’s main campuses in the U.S. states of Minnesota, Florida, and Arizona. 

 

Top Key Players studied in Augmented Reality Market:

·       Microsoft

·       Google LLC

·       Apple, Inc.

·       Sony Corporation

·       Blippar Ltd

·       Infinity Augmented Reality Ltd.

·       Niantic, Inc.

·       Zappar Ltd.

To identify the key drivers and the competitors’ insights, Request a Sample @:

https://www.grandviewresearch.com/industry-analysis/augmented-reality-market/request/rs1

Global Augmented Reality Market Segmented by Product:

 

·        Hardware

·        Software

Global Augmented Reality Market Segmented by Application:

 

·        Aerospace & Defense

·        Automotive

·        Education

·        E-commerce & Retail

·        Gaming & Entertainment

·        Healthcare

·        Industrial & Manufacturing

·        Others

Global Augmented Reality Market Segmented by Region:

 

North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.)

 

Access Press Release @: https://www.grandviewresearch.com/press-release/global-augmented-reality-market

The market for augmented reality can be described as an industry where several opportunities are still untapped. Market players are investing aggressively in Research and Development (R&D) to introduce innovative AR innovations for consumers and enterprises and to integrate new technologies and develop AR-compatible hardware and software with distinctive features as part of the efforts to gain a winning edge over their competitors. Several e-commerce companies are rapidly adopting AR technology to offer the best immersive experience and other advanced features to their customers. For instance, Emersya, an online publishing platform, is leveraging immersive technologies to promote their products in stores and on online platforms.

 

Research Objectives:

To study and analyze the Augmented Reality Market size by product type, application and key regions/countries history data from 2016 to 2020, and forecast to 2028.

• To understand the structure of the Augmented Reality Market by identifying its various sub-segments.

• Focuses on the Augmented Reality Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

• To analyze the Augmented Reality Market with respect to individual growth trends, future prospects, and their contribution to the total market.

• To share detailed information about the key factors influencing the growth of the market.

• To project the size of Augmented Reality Market, with respect to key regions.

• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

Good Reasons to Buy a Global Augmented Reality Market Report:

  • Offers detailed market breakdown and data triangulation that will help guide the market trends.
  • The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
  • Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
  • Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.

·        Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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