Global Augmented Reality Services Market Scope 2024, Forecast To 2033
8 Jan, 2024
The augmented reality services market has witnessed exponential growth, escalating from $134.26 billion in 2023 to $194.44 billion in 2024, demonstrating a 44.8% CAGR. This growth is attributed to the adoption in gaming and entertainment, increased consumer awareness, corporate training and simulation, cost reduction, and improved accessibility. The forecast period anticipates continued exponential growth, reaching $980.26 billion in 2028, driven by integration with 5G technology, enterprise adoption, expansion in healthcare and therapeutic applications, smart cities and IoT integration, education, and remote learning.
Global Augmented Reality Services Market Key Driver
The COVID-19 outbreak accelerates the shift to advanced and virtual solutions, driving the augmented reality services market. Post-COVID-19, increased demand for augmented reality in various industries fuels the demand for augmented reality services. AR companies like Imaginate and Queppelin witness a surge in AR, MR, and VR technology, particularly for remote demonstrations and training in the post-pandemic era.
Get A Free Sample Of The Global Augmented Reality Services Market ReportGlobal Augmented Reality Services Market Segments
The augmented reality services market covered in this report is segmented –
1) By Type: Hardware, Software
2) By Applications: Training, Annual reports and augmented brochures, Architectural projects/New construction, Games, Trade show environments
3) By End Use: Commercial, Healthcare, Automotive, Other End-Uses
By Geography: The regions covered in the augmented reality services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacifica was the largest region in the augmented reality services market in 2023. North America was the second largest region in the augmented reality services market. The regions covered in the augmented reality services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Augmented Reality Services Industry Players
Groove Jones LLC, Quy Technology Pvt. Ltd., Craftars Sp. z o.o., Wear Mobile Ltd., Next/Now Inc., Apple Inc., Microsoft Corporation, Niantic Inc., Zappar Limited, Blippar Ltd., Lucyd Ltd., Magic Leap Inc., Echo Interaction Group Inc., Notion theory LLC, Mobilab Sp. z o.o., AVRspot Inc., Transition Technologies PSC Sp. z o.o., Innovecs LLC, INDE Appshaker Ltd., Augment Inc., Metagram Inc., VironIT Inc., Scanta Inc., VR Vision Inc., 8ninths Inc., Yeppar Inc., Mutual Mobile Inc., Intellectsoft Inc., Zco Corporation, CitrusBits Inc., Oodles Technologies Pvt. Ltd., Infotrum LLC, Sumeru Inc., NewGenApps Pvt. Ltd., Chocolate Milk & Donuts LLC, Hedgehog Lab Limited, Dyfuzja Sp. z o.o., NARSUN Inc., Cortex Inc., HorizonCore Infosoft Pvt. Ltd., The Intellify Inc., Gramercy Tech LLC, HQSoftware Inc., Program Ace LLC, Xicom Technologies Ltd., Zco Corporation, Fluper Ltd., JPLoft Solution Inc., Credencys Solutions Inc., IndiaNIC Infotech Limited, Chetu Inc., Vakoms LLC, Delta Reality LLC, Setapp Inc.
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Augmented Reality Services Market Overview
Augmented reality (AR) is a digitally augmented representation of the real physical environment created by using digital visual components, music, or other sensory stimulation given via technology.
Augmented Reality Services Global Market Report 2023 provides data on the global augmented reality services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The augmented reality services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.