Augmented Reality Market to Grow at a CAGR of 60.9% by 2024


Global Augmented Reality Market Research Report 2018-2024 provides an in-depth analysis of the North America, Europe , Middle East and Africa , Latin America , Asia Pacific, Rest of the World appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Global addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Augmented Reality market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Growth Drivers and Challenges
Growing penetration of smart phones and its importance in day-to-day life bolster the demand for technologies and services related to smart phones. Smart phones share the 86% of mobile market in 2016 globally. The games and utility apps based on VR and AR gained popularity in recent years which shows the potential growth of the augmented reality global market in nearby future. The huge investments on R&D of AR technology by huge tech giants such as Microsoft, Google and Apple on both hardware and software platforms is expected to drive the growth of global augment reality market. In 2016 about USD 1.3 billion was invested over the development of AR technology which is estimated to reach about USD 1.7 billion in 2017. Wide range of applications of AR technology to cater the needs of healthcare, education and entertainment sector anticipated to impel the growth of augment reality market in coming future. However, growing numbers of AR software developers, provide various options for AR apps and software but lacks in standardization regarding the size and compatibly to the wearable devices and handsets is one the major challenge for the augment reality market growth.

Essential points covered in Global Augmented Reality Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Augmented Reality market?
  • What are the key market trends impacting the growth of the global Augmented Reality market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Augmented Reality market?
  • What are the market opportunities and threats faced by the vendors in the global Augmented Reality market?
  • What are the key outcomes of the five forces analysis of the global Augmented Reality market?

This independent 220 pages report guarantees you will remain better informed than your competition. With over 300 tables and figures examining the Augmented Reality market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the global Augmented Reality market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the global Augmented Reality market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Companies Mentioned are Apple, Google, Qualcomm Inc., Magic Leap, Sony, Augmented pixels Inc., Niantic Labs, Samsung, Intel, HTC

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The Augmented Reality market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc. The global Augmented Reality market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the global Augmented Reality market.

The report provides a basic overview of the Augmented Reality industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Augmented Reality industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Augmented Reality on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Augmented Reality Market and assist manufacturers and investment organization to better grasp the development course of Augmented Reality Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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