Augmented Reality Software Market is set to see Revolutionary growth in decade | PTC, Wikitude GmbH, DAQRI
Research Reports
Apr 14, 2021
A new business intelligence report released by Advance Market Analytics with title Global Augmented Reality Software Market Insights, forecast to 2025.This report provides a detailed overview of key factors in the Global Augmented Reality Software Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors has been conducted to determine future growth prospects in the global market.
Major Key Players in This Report Include,
PTC Inc. (United States), Wikitude GmbH (Austria), DAQRI LLC (United States), Zugara, Inc. (United States), Blippar (United Kingdom), Upskill (United States), Aurasma (United Kingdom), Augmate (United States), Catchoom Technologies S.L. (Spain), Ubimax GmbH (Germany)
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Advance Market Analytics released a new market study covering the current COVID-19 impact on the Augmented Reality Software Market with detailed insights on latest scenario, economic slowdown on overall industry. This report will help you to identify which types of companies could potentially benefit from the impact of COVID-19, as well as those business segments that are set to lose out.
Augmented Reality Software Overview:
The global Augmented Reality Software is expected to witness high demand in the forecasted period due to the growing demand for augmented reality software in consumer electronics. Augmented reality software differs from virtual reality, in virtual reality whole new artificial environment gets created but in AR the existing environment gets overlays with new information top of it. High Demand from Industrial and Automotive Sectors creates a lucrative opportunity in the forecasted period.
On 22nd March 2019, Wikitude, the world’s largest independent augmented reality (AR) technology provider, revealed the first steps taken in conjunction with Qualcomm Technologies, Inc to advance immersive AR computing. Wikitude has optimized their AR platform and integrated on XR Viewers powered by Qualcomm® Snapdragon™ 855 Mobile Platform. Extended reality (XR) Viewer devices, announced at Mobile World Congress 2019 combines the compute power of Snapdragon 855 Mobile Platform with the speed of 5G-enabled smartphone provides mobile XR experiences with six degrees of freedom tracking.
The Augmented Reality Software Market segments and Market Data Break Down are illuminated below:
by Deployment Mode (Cloud-Based, On-premises), Industry Vertical (Consumer, Aerospace & Defense, Healthcare, Enterprise, Commercial, Automotive, Energy, Others), Functions (Remote collaboration, Workflow optimization, Visualization, Documentation, 3d modelling, Navigation)
Market Trend
- High Adoption Of 3D visualization In Medical Sector
- Upsurging Demand from AI-based Applications in Retail and E-commerce Sector
Market Drivers
- The Growing Demand for AI-Based Applications
- The Increasing Interest of the Large Tech Companies in AR
Market Challenges
- Low Adoption Rate due to Privacy Issues and Complexities in the Design
- Reconfiguration of Applications for Different Platforms
Global Augmented Reality Software the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Augmented Reality Software Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most talented or commercial areas for investments. The report also provides a detailed synopsis of the competitive scenario, wherein complete business profiles of some of the prime companies in the market are included.
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Geographically Global Augmented Reality Software markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Augmented Reality Software markets will drive growth in the North American market over the next few years.
Augmented Reality Software Market M&A Activity:
On 10th December 2019, PTC has announced a strategic alliance with Magic Leap that will allow enterprise and industrial customers to combine the augmented reality (AR) capabilities of its market-leading Vuforia® Engine solution with the powerful Magic Leap 1 wearable headset.
In the last section of the report, the companies responsible for increasing the sales in the Global Augmented Reality Software Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.
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Strategic Points Covered in Table of Content of Augmented Reality Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Augmented Reality Software market
Chapter 2: Exclusive Summary – the basic information of the Augmented Reality Software Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Augmented Reality Software
Chapter 4: Presenting the Augmented Reality Software Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Augmented Reality Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8& 9: Displaying the Appendix, Methodology and Data Source
Key questions answered
- How Pandemic Impacting on Augmented Reality Software Market Globally?
- Who are the Leading key players and what are their Key Business plans in the Augmented Reality Software market?
- What are the key concerns of the five forces analysis of the Augmented Reality Software market?
- What are different prospects and threats faced by the dealers in the Augmented Reality Software market?
- What are the strengths and weaknesses of the key vendors?
Customization Service of the Report: –
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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