A new Report by Delvens, titled "Augmented Reality Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, the augmented reality market was valued at USD 14.7 billion in 2020 and is projected to reach USD 88.4 billion by 2026; it is expected to grow at a CAGR of 31.5% to 2028.
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Regional Analysis
North America dominated the augmented reality market in 2020 and accounted for a revenue share of around 35.0%. The U.S. accounted for a substantial share of the regional market. The U.S. also leads in terms of the adoption and deployment of the latest technologies. Europe is also expected to witness considerable growth over the forecast period driven by the growing adoption of AR technology in gaming and entertainment applications. Germany is particularly emerging as a gaming hub.
Key Players of Augmented Reality Market:
· Google, Inc.
· Ptc Inc.
· Seiko Epson
· Microsoft
· Lenovo
· Samsung Electronics
· Apple
· Wikitude Gmbh
· Maxst Co. Ltd.
· Qualcomm and More
Augmented reality (AR) is an enhanced version of the real physical world that is achieved through the use of digital visual elements, sound or the other sensory stimuli delivered via technology. It is a growing trend among companies involved in mobile computing and business applications in particular.
Surging demand for AR devices and applications in healthcare, growing demand for AR in retail and e-commerce sectors, rising investments in the AR market, increasing demand for AR devices and technology in the global automotive industry are some of the factors that have supported long-term expansion for Augmented Reality (AR) Market.
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Recent Developments
In January 2021, Magic Leap partnered with Google Cloud to deliver Magic Leap enterprise solutions on the Google Cloud Marketplace and explore potential new cloud-based, spatial computing solutions running on Google Cloud.
In August 2020, PTC and the University of Sheffield Advanced Manufacturing Research Centre (AMRC) signed an agreement to implement Vuforia Expert Capture across its three locations in the UK.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Augmented Reality (AR) Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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In addition to the market data for Augmented Reality (AR) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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