Market Highlights
Mobile augmented reality is the juxtaposition of virtual items in the actual world. Notoriety of cell phones and the open-source nature of Android has driven the deals of cell phones and broadened the extent of versatile increased reality. Marker and markerless are two significant sorts of the innovation presently useful in the business. The worldwide portable expanded reality market size is fixed to arrive at USD 70 billion by 2023, as per the most recent report by Market Research Future (MRFR). It is relied upon to extend at 61% CAGR over the estimate time frame (2017-2023). MRFR gives a thorough investigation of reports of significant ventures by evaluating market dynamic factors against miniature and macroeconomic pointers.
Market Scope
The worldwide Mobile augmented reality market is probably going to top over the figure time frame. This is credited to steps in innovations of web of things, man-made reasoning, and following. The developing retail industry just as ascent of internet shopping can together give extension to the market. Retailers can show the usefulness of items without compromising the bundling or quality. The utilization of versatile AR for driving deals of items and overcoming any issues among clients and web based shopping can look good for the market.
The COVID-19 pandemic is a shelter to the portable AR market inferable from the utilization of the innovation for facilitating web based learning. For example, clinical understudies of Case Western Reserve University, Ohio, U.S., are involving HoloLens and HoloAnatomyAccess for achieving their clinical trainings from the limits of their homes. Openness to occasions and encounters and its impact can be intensified during the time of development limitations. Travel services are offering on the web virtual visits to clients through this innovation.
Yet, the precision of sensors and utilization of battery of cell phones are difficulties confronting the worldwide market.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1048
Segmentation:
By component, the market is segmented into hardware and software. By hardware, it is sub-segmented into displays, sensors, 3D graphics system, GPS system, wireless network, and others. The software segment is deemed to drive the market demand owing to development of AR software development kits. New opportunities in gaming and lifestyle are likely to push the segment demand. On the other hand, the sensors sub-segment in the hardware segment can capture a large market share owing to improvements in tracking. Correction software ingrained in sensors for accurately pinpointing objects as well as faster computing power can drive the demand.
By application, the global mobile augmented reality market is segmented into game consoles, smartphones, smart glasses and wearable, personal digital assistants, and tablets. Smart glasses and wearable segment is estimated to drive the maximum demand in the coming years. This is attributed to increasing improvements in smart glasses and present dependence on wearables for being attuned to latest updates.
The end users of the market are public sectors (education, government, military), telecommunication, gaming & entertainment, enterprises (E-commerce, advertising and healthcare), and others. Enterprises are likely to gain the major market share due to scope in advertising and retail sectors.
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions covered for outlining the prospects of the global mobile augmented reality market.
Among them, North America can dominate the market over the forecast period owing to investment in AR and proliferation of smart devices. The U.S. and Canada are key contributors of the region owing to a huge penetration rate of smartphones. Ease of work as well as high entertainment value provided to customers can drive the market expansion in the region.
APAC is expected to be lucrative for the mobile augmented reality market owing to presence of various vendors of AR hardware in China and Japan. Investments in technology as well as consumption of mobile applications can drive the regional market growth. Presence of smartphone manufacturers as well as tax breaks provided by governments can drive the market growth.
Competitive Scope
Google Inc., Microsoft Corporation, Apple Inc., Intel Corporation, SAP SE, CORDIS, Elsevier, DAQRI, Catchoom Technologies, Blippar, Qualcomm Inc., Samsung Electronics Ltd., Infinity augmented reality, and HCL Technologies Limited are prominent players of the global mobile augmented reality market. Among these, Blippar, Microsoft, Google, Qualcomm, and Samsung Electronics have captured a major market share. Rollout of internet of things services and products encouraging AR are the main strategy of these players.
Industry News
Microsoft’s Dynamics 365 Remote Assist on HoloLens can enable collaboration among teams and supports live annotation for faster comprehension of challenges. This can be used by emergency rescue workers, enterprises, and government agencies for collaborating over long distances.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/mobile-augmented-reality-market-1048
Global Mobile Augmented Reality Market, By Component (Hardware, Software), Applications (Smartphones, Smart Glasses & Wearable, Tablets), End-User (Telecommunication, Gaming & Entertainment) - Forecast Till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Mobile Augmented Reality MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Augmented Reality Market .
The growth sectors of the Mobile Augmented Reality Market are identified with precision for a better growth perspective.Today, using internet on mobile is a common thing, and the next big thing is the augmented reality which all leading mobile makers are providing.
Nowadays, advanced smartphones and tablets offer Internet of Things (IoT), along with the advanced technologies in augmented reality.
They are integrated with the sensors, processing, and displays for mobile which is used for augmented reality applications.Market Research Future (MRFR) has published a research report that anticipates colossal growth for the global mobile augmented reality market with 61% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
The key factors that are driving the growth of this market include craze for next-generation mobile augmented reality, emerging IoT & artificial intelligence (AI), the popularity of wearable devices & hands-free devices, and the growing market of mobile handsets.The global mobile augmented reality market has been segmented on the basis of application, component, end user, and region.
Based on the end users, the market has been segmented into enterprises, gaming & entertainment, public sectors, telecommunication, and others.
