Smartphone adoption and integration of apps with AR expand gamer base in search of more immersive gaming experiences
VANCOUVER, BC, CANADA, March 27, 2022 /EINPresswire.com/ — Augmented Reality (AR) market size is expected to reach US$332.60 billion in 2028 and register a steady revenue CAGR of 46.4% during the forecast period, According to the latest analysis by Emergen Research.
The latest study provides an insightful analysis of the comprehensive competitive landscape of the global Augmented Reality market, with emphasis on the major market rivals and their company profiles.
Rising demand for Augmented Reality (AR) technology to train, sustain and assist various industries such as healthcare, logistics, and manufacturing are some of the key factors driving the revenue growth of the market. Augmented reality enhances the understanding of certain features of the physical world, and yields smart and accessible insights that can be applied to real-world applications.
Technological advancements in AR are also driving the revenue growth of the market. Increasing penetration of smartphone and mobile gaming trends and adoption of this technology in the education sector are the factors supporting the growth of the market. Various industries are unveiling new generations of AR solutions and applications as devices become increasingly advanced and powerful, and networks continue to expand in terms of capacity. 5G connectivity and edge computing have made the technology more viable, and opened up access to many new potential users.
The study explores how certain hazards and challenges can act as a roadblock for a business. A thorough evaluation of the Augmented Reality market in the light of the macro-environment such as social, political, economic as well as technological environment adds granularity to the overall research. In addition, the study produces real-time data on important aspects including sales, profit, gross margin and growth prospects to show how the business will grow substantially going forward.
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Cooperation between companies to enhance business prospects in the global market
The research report provides the reader with an in-depth explanation of the augmented reality market dynamics including important drivers, opportunities, threats and challenges. The report briefly describes key business strategies, demand-supply ratios, key sectors and well-known market players, offering a future outlook for the overall Augmented Reality industry. The Market Intelligence Report is a prototype 360 overview of the global Augmented Reality industry, highlighting the estimated market value, share, growth trends, gross revenue, competitive overview, major manufacturers and buyers, available product types and end-to-end. use applications.
List of key players included in the report: Microsoft Corporation, Google Inc., Apple Inc., Zappar Ltd., Sony Corporation, Infinity Augmented Reality Ltd., Wikitude GmbH, Magic Leap, Inc., Seiko Epson, and Samsung Electronics Co. Ltd.
Key Features of the Global Augmented Reality Market:
Regional Demand Estimates and Forecasts
Product Mix Matrix
cost benefit analysis
Commodity Pre-Pricing Volatility
supply chain optimization analysis
technical update analysis
raw material sourcing strategy
mergers and acquisition
Location Quote Analysis
carbon footprint analysis
The report discusses a wide range of strategic initiatives undertaken by these companies such as new business deals, mergers and acquisitions, collaborations, joint ventures, technology up-gradation, and recent product launches. The report analyzes various elements of the competitive landscape of the market, such as regulatory standards and policies implemented in the industry in recent years. Our team of experts leverages a number of powerful analytical tools, such as Porter’s five forces analysis and SWOT analysis, to provide a comprehensive overview of the global Augmented Reality market and pinpoint fundamental growth trends.
Emergen Research has segmented the global augmented reality (AR) market on the basis of offering, device type, application, and region:
Outlook Offered (Revenue, USD billion; 2018–2028)
display and projector
Status / Room Tracker
Device Type Outlook (revenue, USD billion; 2018–2028)
head up display
Application Outlook (revenue, billion dollars; 2018–2028)
Aerospace & Defense
Click here to read the full summary of the report: https://www.emergenresearch.com/industry-report/augmented-reality-market
Researchers examine import and export conditions, supply chain management, demand and supply, consumption capacity and manufacturing capacity to provide greater clarity on the current business environment. While estimating the size of the industry, special attention is paid to the value and quantity of products and services offered on a year-on-year basis.
Key parameters analyzed in this section:
product sales trends
sales and distribution channels
Key points covered in this section:
Estimated Revenue Generation
Important data and information about consumption rates in all major regional areas
Expected growth in market share
Growth forecast for overall consumption rate
Key features of the report:
In addition to offering a vivid illustration of the global augmented reality business sector and its fundamental operations, the latest report provides industrial chain analysis and lists current and future market trends and growth opportunities.
The report includes information on current and historical market scenarios, which helps in forecasting the market conditions over the next eight years (2020-2027).
The report scrutinizes the key factors affecting the market growth in the near future.
Strategic marketing recommendations, vital information related to new market entrants and expansion plans of various businesses are ready to give the reader a competitive edge in the market.
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About Emergence Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports and consulting services. Our solutions are completely focused on your objective, to detect, target and analyze changes in consumer behavior across industries, across demographics, and help customers make better business decisions. We offer Market Intelligence Studies to ensure relevant and fact-based research across a range of industries including Healthcare, Touch Points, Chemicals, Types and Energy. We constantly update our research proposals to ensure that our clients are aware of the latest trend in the market. Emergen Research has a strong base of experienced analysts in various areas of expertise. Our industry experience and ability to develop solid solutions to any research problem gives our clients the ability to have an edge over their respective competitors.