Mobile Augmented Reality Market
The global mobile augmented reality market analysis to 2023 is a specialized and in-depth study of the mobile augmented reality industry with a focus on the global market trend. This report has been published by Market Research Future that aims to provide an overview of mobile augmented reality market, which states that the mobile augmented reality market is expected to witness high growth at a CAGR of 61% capturing valuation of up to USD 70 million during the forecast year. The report also provides key statistic on the market status, key market players and offers key trends and opportunities in the market.
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Augmented reality is one of the most interacted and versatile innovation of this generation. Augmented reality enhances physical and sensory perception of real world by interacting with virtual data. The augmented reality application is gaining prominence owing to rapid implementation of augmented reality through mobile and wearable devices. The application access is done with the help of Smartphone, which includes GPS, graphic processing units, multi-touch capabilities, and high-speed internet.
Global Mobile Augmented Reality Market Drivers & Trends
According to the new report from Market Research Future, the expanding importance of mobile augmented reality will lead owing to the rising adoption of smart phones and tablets coupled with increased penetration of internet among the population. In addition, technological advancements have also supported in the growth of mobile augmented reality market.
The latest advancements in sectors like IT and technology, in recent time, have transformative effects across various industries globally. The latest smart phones and tablets are now equipped with the most advanced features such as sensors and other components to make them augmented reality friendly, as these allows consumers the opportunity to interact with business organizations and maximize their experience. This is one of the key factors that are boosting the market to expand exponentially in the years to come.
The emergence of next-generation technology such as internet of things (IoT), artificial intelligence and more have evolved with scope of application for augmented reality in a wide way. The applications for the same have been adopted by several organizations, retail, automotive, healthcare, entertainment, gaming, and more sectors as well. With the help of mobile augmented reality services, most of the sectors are seeking out ways to involve their business for the purpose of operation efficiency and lucrative customer experiences, owing to the consistent demand for advanced technological innovations going on.
Mobile augmented reality is one such technology that is being employed extensively, thus encouraging demand and in turn is expanding at a faster pace globally. These factors are positively taking the mobile augmented reality market to grow at a notable CAGR and predicted year promises to come with tremendous opportunities to various sectors in broad ways.
The best thing about the present developments of mobile augmented reality technology is the ability to increase interaction and participation of consumers supportively. Furthermore, the dwelling factors such as increasing application of augmented reality in tourism and e-commerce sector is boosting demand for mobile augmented reality market globally. Moreover, rising demand for mobile augmented reality in gaming apps and medical augmented reality apps will further fuel growth of the market.
Market Segmentation
In the reports of MRFR, the global mobile augmented reality market has been segmented into component, applications, end-users, and region.
By the mode of component, the market is further segmented into hardware and software. The hardware is further sub-segmented into 3D graphics system, GPS system, wireless network, displays, sensors and others.
By the mode of application, the market is further segmented into smartphones, smart glasses and wearable, tablets, personal digital assistants and game consoles.
By the mode of end users, the market has segmented into Telecommunication, Gaming & entertainment, enterprises (E-commerce, advertising and healthcare), and public sectors (Education, Government, Military) and others.
Regional Outlook
The global mobile augmented reality market, in the reports published by MRFR states that, it is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Among them, North America is one of the leading regions of the world in terms of market share of mobile augmented reality. The mobile augmented reality market in this region has a huge demand owing to the growing investment in smart devices, which is exponentially propelling the market to grow to a large extent.
Followed by North America, the mobile augmented reality market in Europe is expected to witness rapid growth in the forecasted years with promising opportunities as well.
Whereas, Asia Pacific countries such as China, Japan, and India is an emerging mobile augmented reality market, which is expected to grow at the highest CAGR in the coming years.
Key Players
Some of the prominent players in the global mobile augmented reality market Qualcomm Inc. (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Blippar (U.K.), Infinity augmented reality (Israel), Apple Inc. (U.S.), DAQRI (U.S.), Samsung electronics Ltd. (South Korea), Google Inc. (U.S.), Elsevier (Netherlands), Intel Corporation (U.S), HCL Technologies Limited (India), CORDIS (U.S), and Catchoom technologies (Spain) among others.
More Information@ https://www.marketresearchfuture.com/reports/mobile-augmented-reality-market-1048
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