Uploaded on Apr 28, 2021
Global mobile augmented reality market is forecasted to grow in concurrence with the growth prospects of Internet of Things services. The service domain of the same has also expanded with a growing level of investment from leading technology houses. Services, as part of mobile technology, are turning out to be the major contributors in this market scenario. With growing usage of smartphones, moreover, those being enriched with high-end sensors make the market scenario hugely encouraging, at least till the review period of 2023. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1048
Mobile Augmented Reality Market: Assessment Covering Growth Factors and Upcoming Trends by 2027
Overview
Global mobile augmented reality market is forecasted to grow in concurrence with the growth
prospects of Internet of Things services. The service domain of the same has also expanded with
a growing level of investment from leading technology houses. Services, as part of mobile
technology, are turning out to be the major contributors in this market scenario. With growing
usage of smartphones, moreover, those being enriched with high-end sensors make the market
scenario hugely encouraging, at least till the review period of 2023.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1048
Mobile Augmented Reality Market is expected to grow with advancing augmented reality
technology. With more smartphones being enriched with these technologies makes the
prospects of global mobile augmented reality market highly established. Not just the sensors,
displays, and processing units of these technologies are also enhanced through augmented
reality technology. All these factors contribute towards the growth of Global mobile augmented
reality market during the forecast period. With growing level of investment in technology
segment, the prospect of Global mobile augmented reality market can be more promising.
Emerging concepts like internet of things are also expected to enhance the Global mobile
augmented reality market. Similar is the case about artificial intelligence market as well. Swiftly
transforming digital reality and the advent of high-end hands-free devices and their greater
adaptation makes the Global mobile augmented reality market thoroughly established.
Expanding market for mobile technology and growing user base contribute towards the growth
of Global mobile augmented reality market. Global mobile augmented reality market is
speculated to reach a worth of USD ~70 billion by 2023, upon witnessing growth at a CAGR of
~61% during the forecast period 2017-2023.
Industry News
Mobile Augmented Reality Market Size is reportedly going to be most encouraging during
review period 2023. Advancing technologies like Internet of Things, augmented reality, mobile
sensor technologies, etc. will contribute immensely towards the Global mobile augmented
reality market. North America is going to be the most dominant market of all during review
period of 2023.
Segmentation
The Mobile Augmented Reality (MAR) Market can be segmented based on components,
applications, end-users, and region. In terms of components, the global mobile augmented
reality market is further segmented into hardware and software. The hardware can be
segmented again into a 3D graphics system, GPS, wireless network, displays, sensors, and
others. The application segment can be segmented further into smartphones, smart glasses and
wearable, tablets, personal digital assistants, and game consoles. In terms of end-users, the
global mobile augmented reality market segment is segmented further into
Telecommunication, Gaming & entertainment, enterprises (public sectors and others.
Regional analysis
Geographically, global mobile augmented reality market is segmented into North America,
Europe, Asia Pacific, and rest of the world.
Market in Asia Pacific is expected to remain highly encouraging, further divided into China,
Japan, and India. North American market is further classified into the U.S., Mexico, and Canada.
European market is contributed most by the U.K and Germany. Middle East and African market
are the major contributors to rest of the world. North America is considered the most
prominent market in this domain, mainly powered by the markets of the United States and
Canada. Growing user base of technology devices is the reason behind this.
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augmented-reality-market-1048
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