Emerging technologies are helping consumers and businesses to explore the real world in a different manner.
In this blog, we are going to provide valuable insights about trending Augmented Reality Technology and how does Augmented Reality work?.
Augmented reality is also known as AR can turn the environment around you into the digital interface.
Market Size of Augmented Reality Technology
According to Statista, “Augmented reality market size worldwide in 2017, 2018 and 2025 is estimated to increase from roughly 3.5 billion to more than 198 billion U.S. dollars.”
As per Deloitte Research paper, “The global AR market was estimated at $5.2 billion in 2016 and is expected to reach ~$27 billion by 2019.
Below mentioned are some of the key industries that are benefiting from AR(Augmented Reality) by reshaping their sales and marketing efforts, have a look:https://www.scalexm.com/5-key-industries-benefiting-from-augmented-reality-technology/
While the digital data we have are plain and limited to screens and folders, the reality is three-dimensional.
Again, the stats say that AR is expected to grow at a phenomenal rate, touching $198 billion by 2025.Top industries that use Augmented Reality to boost their businessThough AR has been quite raging these days and almost all industry verticals have grabbed an opportunity to integrate the contemporary technology in their marketing campaign and better user-experience drive, here are a few industries where Augmented Reality has been used innovatively.RetailThe retail industry is one of the frontrunners in terms of using AR to boost its revenue.
The app helps Harley fanatics realize their dream of a truly custom bike, right from the comfort of their living rooms.Ikea, the leading furniture retailer, is adopting AR to help its customers choose the right furniture for their homes and offices.
One of the primary reasons Ikea was losing customers is that nobody today had the time or the inclination to go on a 3-hour expedition in an Ikea store to find the right piece of furniture.
"Now, we can give them those answers in their hands, while letting them have fun with home furnishing for free and with no effort," he concluded.The global consumer goods manufacturer Unilever is using AR to train its workforce.
The process is so complex that it is quite difficult to do it all correct at the very first time; ultimately, such a procedure results in significant rework and rewiring of the entire aircraft.In the modern-day Boeing factory, one can find engineers wiring the plane using the Microsoft Hololens.
This report focuses on the global Augmented Reality Technology status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Augmented Reality Technology development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.Key questions addressed by the reportWhere will all these developments take Augmented Reality Technologyin the mid- to long-term?What are the upcoming technological trends in the Augmented Reality Technologymarket?What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?How growth strategies implemented by key players will impact the growth rate of the Augmented Reality Technologymarket, and who will have the undue advantage?What are the current adoption trends of the Augmented Reality Technologymarket?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-augmented-reality-technology-2019-2025-191The key players covered in this studyMicrosoftMagic LeapEpsonGoogleToshibaVuzixDAQRIEverysightThirdEye GenRealmaxHiSceneVuforia (PTC)WikitudeViewARMarket segment by Type, the product can be split intoHardwareSoftwareHardware has the largest market share of 70%Market segment by Application, split intoEnterprises UseIndividual Consumer UseEnterprises Use accounts for 96% of the market share segmentMarket segment by Regions/Countries, this report coversNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Augmented Reality Technology status, future forecast, growth opportunity, key market and key players.To present the Augmented Reality Technology development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Augmented Reality Technology are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025Reasons to Purchase this Report:* Estimates 2019–2024 Augmented Reality Technologymarket development trends with the recent trends and SWOT analysis* Market dynamics scenario, along with growth opportunities of the market in the years to come* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market playersGet the Complete Report & TOC at https://www.24marketreports.com/ict-and-media/global-augmented-reality-technology-2019-2025-191CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
