Press release
AR in Retail Market Size & Share to grow at a CAGR of 20.0% from 2022-2028 | Valuates Reports
The global AR in Retail market size is projected to reach US$ 6736.2 million by 2028, from US$ 1853.7 million in 2021, at a Compound Annual Growth Rate (CAGR) of 20.0% during 2022-2028. Key drivers of Augmented Reality in the Retail Market include the growing need for providing an enhanced customer experience, increasing internet penetration, and a rise in IoT spending.Get Detailed Analysis of COVID-19 Impact on AR in Retail Market @ https://reports.valuates.com/request/sample/QYRE-Othe-2Z282/ar_in_retail_market
Based on the system, there are two mainly systems of AR in Retail, including Virtual Fitting Room and Visualizing Software. And Visualizing Software is the main system for AR in Retail, and the Visualizing Based on the application, there are two mainly application s of AR in Retail, including E-commerce and Physic Stores. And E-commerce is the main application for AR in Retail, and the E-commerce reached a market size of approximately 750 million USD in 2019, with 62.58% % of global market size. AR in Retail allows companies to significantly increase online conversion rate and reduce returns rate of products. Most of AR options provide extra information and personal customization that does not only preview product but also help customers ensure that they like it. The ability to visualize a virtual representation of products in 3D, to scale and in their intended environment, enables shoppers to make better judgments, removing the need to measure and verify dimensions. Once they have made their determinations, they may either buy directly online or go to the store to complete their purchase. Not only does this eliminate a point of friction between the consumer viewing and buying the product, but it also maximizes the probability of them being satisfied with their purchase once received, decreasing the number of returned products.Software reached a market size of approximately 734 million USD in 2019, with 61.19% of global market size. Augmented reality can help online retailers significantly reduce returns by providing an engaging ‘try-before-you-buy’ digital experience. Innovative AR solutions allow customers to visualise products in real time, from the comfort of their own homes. Full 3D visualisations give the opportunity for shoppers to see how products could look in their space before they commit to purchase, reducing the temptation to order multiple items to try out before choosing one and returning the others, a practice that is increasingly common.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2Z282/ar-in-retail
by System
➣Virtual Fitting Room
➣Visualizing Software
by Technology
➣Marker-based Augmented Reality
➣Marker-less Augmented Reality
AR in Retail Market by Application
➣E-commerce
➣Physic Stores
Leading Players in the AR in Retail Market
➣PTC
➣Apple
➣Microsoft
➣Wikitude
➣DAQRI
➣Zugara
➣Blippar
➣Marxent Labs
➣Augment
➣ViewAR
➣Holition
➣Ikea
➣Sephora
➣Amazon
AR in Retail Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA
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IoT in Retail Market: https://reports.valuates.com/market-reports/QYRE-Othe-1H283/iot-in-retail
Smart Retail Market: https://reports.valuates.com/market-reports/QYRE-Othe-4D232/smart-retail
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