Mobile Augmented Reality (AR) Market Size is Projected to Reach $184.61 billion by 2030 | Qualcomm Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., Google, Apple

Allied Market Research recently published a report titled, “Mobile Augmented Reality (AR) Market by Component (Hardware, Software, and Services), Device Type (Smartphones, Tablets, Personal Digital Assistants (PDAs), and Others), and Application (Consumer, Healthcare, Enterprise, Commercial, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030’’. According to a new report published by Allied Market Research, the global mobile augmented reality (AR) industry size was valued at $12.61 billion in 2020, and is projected to reach $184.61 billion by 2030, registering a CAGR of 31.40%. The North America region is expected to be the leading contributor to the global market during the forecast period, followed by Asia-Pacific and Europe.

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According to the insights of the CXOs of leading companies, the mobile augmented reality (AR) market holds high potential in the retail, and tourism, e-commerce industry. Factors, such as high usage of Mobile AR in healthcare industry, rapid growth of the retail industry, and surge in adoption of AR technology by tourism and education sector drive the mobile augmented reality (AR) market growth. Several companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features. In addition, rising adoption of AR smart glasses is expected to create opportunities for the mobile augmented reality (AR) industry

Covid-19 scenario-

• The outbreak of the pandemic gave way to economic instability and dwindled business confidence. Apart from that, dearth of skilled workforce and distorted manufacturing activities impacted the market negatively, especially during the first phase of the lockdown.
• Several provinces across the world have again entered the lockdown phase, owing to the thrust by the second wave of the pandemic. This has affected the market growth yet again.

Key market players in the Mobile Augmented Reality (AR) Market:

The market report doles out the reference of the major player in the market including Qualcomm Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., Blippar.Com Ltd., Google, Apple, Magic Leap, Groove Jones, Wikitude, and Marxent Labs.

These players have taken recourse to essential strategies including alliance, collaboration, development, joint ventures, and others to heighten their stance in the industry.

The study on the global Mobile Augmented Reality (AR) Market incorporates 250+ pages report that offers noteworthy information along with underscoring the drivers, restraints, and opportunities of the market. The study also aims to proffer a comprehensive information on the recent market leanings, movements, approaches, and stratagems espoused by the market players in the global Mobile Augmented Reality (AR) Market. The report encompasses both the projected as well as historical data throughout the forecast period along with other facets including product outline and growth opportunities.

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The report provides an extensive segmentation of the global Mobile Augmented Reality (AR) Market on the basis of type, applications, end users, and region. Thorough analysis of each section and sub-section is offered in the research with the help of horizontal and graphical depiction. This breakdown is helpful in assessing the fastest growing segments and establishing strategies to attain sustainable growth.

Mobile Augmented Reality (AR) Market Geographical Analysis:

The report also provides a regional analysis of the market along with the competitive setting in each region. The research report encompasses regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.

Our Report provides:

• Thorough inquiry of market assessments for all the segments
• Detailed market examination from the viewpoint of the frontrunners in the industry
• Tactical slants and approaches incorporated by new entrants
• Market forecasts on regional base for the next few years
• Competitive exploration of the present Mobile Augmented Reality (AR) Market trends
• Profiling of companies along with their exclusive strategies

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Key Market Segments

By Component

• Hardware
• 3D Camera
• Sensors
• Processor
• Others
• Software
• Services
By Device Type
• Smartphones
• Tablets
• Personal Digital Assistants (PDAs)
• Others
By Application
• Consumer
• Healthcare
• Enterprise
• Commercial
• Aerospace & Defense
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Taiwan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Read More at https://www.alliedmarketresearch.com/mobile-augmented-reality-ar-market-A13124

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