Mobile Augmented Reality Market is anticipated to grow USD 29.2 Billion at a CAGR of 17.76% by 2030 – Report by Market Research Future (MRFR)
Research Reports
Aug 23, 2023
Mobile Augmented Reality Market Overview:
Market Research Future has unveiled compelling insights into the worldwide mobile augmented reality (AR) market. The Mobile Augmented Reality Market is expected to grow at USD 29.2 Billion by 2030 at a CAGR of 17.76% during the forecast period from 2020 – 2030. This technology, known as mobile augmented reality, is in its ascendancy and is making innovative strides, especially in revolutionizing the consumer experience by adding an interactive and immersive dimension. AR seamlessly integrates with the natural environment, offering real-time perceptual enhancements that cater to a diverse range of consumer experiences. Anticipated results suggest that the global mobile augmented reality market is set to surge, potentially reaching a valuation of approximately USD 29.2 billion by the close of 2030.
Rapid advancements in the IT and technology sectors have sparked a revolution across various industries. Today’s smartphones and tablets boast cutting-edge mobile technology, including advanced sensors and components that enable seamless augmented reality (AR) experiences. AR is reshaping how consumers engage with businesses, enhancing their interactions in innovative ways. The landscape of AR has expanded significantly with the advent of next-generation technologies like the Internet of Things (IoT) and Artificial Intelligence (AI).
Businesses spanning retail, automotive, healthcare, entertainment, gaming, and other sectors are actively exploring ways to integrate these next-gen technologies into their operations. They seek to boost operational efficiency and create immersive customer experiences to meet the ongoing demand for advanced technological innovations. Augmented reality (AR) stands out as a technology at the forefront of this transformation, driving a surge in demand.
AR’s current development holds the potential to foster greater interactions and engagement among both employees and consumers. The widespread adoption of smartphones and personal electronic devices plays a pivotal role in propelling the global mobile augmented reality market forward. Additionally, the increased sales of wearable and hands-free devices have further bolstered the market’s growth trajectory.
Click Here to Get Sample Premium Report
Key Players
These Mobile Augmented Reality market players use various strategies to stay one step ahead of the competition. Development of AR technology, the discovery of new applications for the technology, and mergers & acquisitions are some of the leading market strategies adopted by the above-mentioned market players.
- Apple Inc.
- Qualcomm Inc.
- Blippar
- Infinity Augmented Reality
- Google Inc.
- CORDIS
- SAP SE
- DAQRI
- Intel Corporation
- HCL Technologies Limited
- Elsevier
- Catchoom technologies
- Microsoft Corporation
- Samsung Electronics Ltd
among others are the significant market players who have been analyzed by MRFR for their role in the competitive landscape.
Scope of the Report – Mobile Augmented Reality Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 29.2 Billion |
|
CAGR during 2020-2030 |
17.76% |
|
Base Year |
2019 |
|
Forecast |
2020-2030 |
Buy Now Premium Research Report – Get Comprehensive Market Insights.
Market Segmentation:
MRFR’s segmental analysis of the global mobile AR market has been performed on the basis of component, applications, end-users, and region.
By component, the Mobile Augmented Reality market is divided between hardware and software. The hardware segment is sub-segmented into GPS system, 3D graphics system, wireless network, sensors, displays, and others.
By application, the market is segmented into smartphones, wearable devices, smart glasses, tablets, game consoles, and personal digital assistants.
By end-users, the market is segmented into gaming & entertainment, telecommunication, enterprises, public sectors, and others. Enterprises are further segmented into advertising, healthcare, and e-commerce. Public sectors are sub-segmented into military, education and government.
The market is also segmented on the basis of region which divides the global AR market into North America, Europe, Asia-Pacific and the Rest of the World.
Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Mobile Augmented Reality Market– https://www.marketresearchfuture.com/reports/mobile-augmented-reality-market-1048
Industry News
Jaunt Inc. is thrilled to announce its triumphant acquisition of Personify, a company renowned for its cutting-edge “teleporter” technology in the realm of augmented reality (AR) 3D streaming. This strategic maneuver has been carefully orchestrated to propel the evolution of AR technology, with the ultimate goal of delivering a profoundly immersive experience to consumers.
Meanwhile, in the charming town of Fairborn, located in the United States, a dynamic collaboration has emerged. The local authorities have joined forces with the esteemed software development firm, Mile Two, to craft an engaging AR mobile game. This innovative creation is poised to serve as a catalyst for boosting tourism in the area, promising an exciting and interactive adventure for visitors and locals alike
Related Reports:
Video Streaming Software Market – The Video Streaming Software Market is expected to reach USD 12.68 billion by 2032 at 11.02% CAGR during the forecast period 2023-2032.
Diameter Signaling Market – The Diameter Signaling Market is projected to reach USD 3.455 Billion by 2032 at 8.20% CAGR during the forecast period 2023-2032
Quality Management Software Market – The Quality Management Software Market is anticipated to reach USD 16.10 billion by 2030 at 10.40% CAGR during the forecast period 2022-2030
COVID19 Analysis
The lockdown has a different impact on the industries as well as humans. Working in AR allows people to shop, talk and socialize using different platforms. It has certainly made it earlier for people to stay connected using the internet.
These technologies are easily available and affordable resulting in the growth of the market and socially connecting people. The new technologies are wearable and hands-free. The acknowledgment of such devices not only makes them popular among the consumers but also increases the sale and growth.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Information:
Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English