Global Augmented Reality Software Market Major Players 2024 , Forecast To 2033
7 Mar, 2024
The augmented reality software market has experienced exponential growth, climbing from $47.88 billion in 2023 to $74 billion in 2024, with a CAGR of 54.5%, driven by technological advancements and diverse applications across industries. Future growth is anticipated, reaching $291.73 billion in 2028, at a CAGR of 40.9%, fueled by enterprise adoption and healthcare innovation, along with trends like AR cloud and immersive healthcare applications.
Global Augmented Reality Software Market Key Driver
The steps for recovery from COVID-19 and future productivity in the economy will need augmented reality to adjust to the new normal, contributing to the augmented reality software market growth during the forecast period. Many companies are facing an incredible loss of human experience and intelligence due to the COVID-19 pandemic. Many businesses are just focusing on preserving the intelligence and surviving this crisis rather than investments and augmented reality might be much cheaper than expected. For example, PTC, during this COVID-19 crisis, made available Vuforia Chalk for companies letting them to start adapting to AR for the COVID-19 recovery. Vuforia Chalk and Microsoft Dynamics are some of the augmented reality programs which are used by an employee in the future to retrain or learn a task from the expert's already preserved notes and set of instructions using smartphones, tablets, and other devices. AR-based training solutions will help companies to preserve and pass on the required intelligence to the employees faster once the path of recovery begins.
Get A Free Sample Of The Global Augmented Reality Software Market ReportGlobal Augmented Reality Software Market Segments
The augmented reality software market covered in this report is segmented –
1) By Deployment: Cloud Based, On-Premise
2) By Software Function: 3D Modelling, Workflow optimization, Visualization, Navigation, Remote collaboration, Documentation, Other Software Functions
3) By Vertical: Enterprise, Oil and gas, Mining, Telecom, Aerospace and defense, Medical, Other Verticals
By Geography: The countries covered in the augmented reality software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
Asia-Pacific was the largest region in the augmented reality software market in 2023. North America was the second largest region in the augmented reality software market. The regions covered in the augmented reality software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Augmented Reality Software Industry Players
Wikitude GmbH; DAQRI LLC; Zugara Inc.; HP Inc.; PTC Inc.; Catchoom Technologies S.L.; Ubimax GmbH; Marxent Labs LLC; Inglobe Technologies Srl; Qualcomm Incorporated; Total Immersion; Atheer Inc.; Mozilla Corporation; Google LLC; Pixar Animation Studios; Meta Platforms Inc.; Amazon.com Inc.; Inter IKEA Systems B.V.; Bayerische Motoren Werke AG (BMW); Pristine Inc.; Infinity Augmented Reality Inc.; JBKnowledge Inc.; Magic Leap Inc.; Mortar Studios; ViewAR GmbH; Microsoft Corporation; Unity Technologies Inc.; Apple Inc.; Blippar Ltd.; Zappar Limited; Niantic Inc.; Kudan Limited; Maxst Inc.; Miralupa Inc.; Augmate Corporation
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Augmented Reality Software Market Overview
Augmented reality (AR) software is a tool that digitally augments representation of the real physical environment using digital visual components, music, or other sensory stimulation given via technology.