Augmented Reality Services Global Market By Organization Size, By Application, By Technology, Device Type, End User And Regional Forecast 2022-2031 | Groove jones, Quytech, Craftars, WEAR, Apple, Microsoft

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The global augmented reality services market report by the business research company identifies the COVID-19 outbreak is enforcing companies to shift towards more advanced and virtual solutions in order to continue their businesses, which is predicted to act as a major driver for the growth of the augmented reality (AR) services market in the short-term. Increasing demand for augmented reality in various end-use industries post COVID-19 outbreak is expected to generate a higher demand for augmented reality services. For instance, according to Analytics Insights magazine published in April 2020, the demand for AR, VR, and other new-age technologies is escalating due to COVID-19. AR companies including Imaginate and Queppelin are recording a surge in AR, MR, and VR technology. The demand for AR services is also supported by the rising push for learning and development for remote demonstrations and training for employees and consumers.

The global augmented reality services market grew from $70.91 billion in 2021 to $102.69 billion in 2022 at a compound annual growth rate (CAGR) of 44.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The augmented reality services market is expected to grow to $451.72 billion in 2026 at a CAGR of 44.8%.

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Asia Pacifica was the largest region in the augmented reality (AR) services market in 2021. North America was the second largest region in the augmented reality (AR) services market. The regions covered in the augmented reality (AR) services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the augmented reality services market are Groove jones, Quytech, Craftars, WEAR, Next/Now, Apple, Microsoft, Niantic, Zappar, Augmented Reality Labs (Blippar), Lucyd, Magic Leap, Echo Interaction Group, Notion theory, Mobilab, AVRspot, Transition Technologies PSC, Innovecs, HQSoftware, INDE, Augment, Metagram, VironIT, Scanta, VR Vision Inc, 8ninths, Yeppar, Mutual Moblie, intellectsoft, Zco cooperation and CitrusBits.

The global augmented reality services market is segmented -
1) By Applications: Training, Annual reports and augmented brochures, Architectural projects/New construction, Games, Trade show environments
2) By Type: Hardware, Software
3) By End Use: Commercial, Healthcare, Automotive, Other

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The Augmented Reality Services Market Report Contents Include
1. Executive Summary
2. Augmented Reality Services Market Characteristics
3. Augmented Reality Services Market Trends And Strategies
4. Augmented Reality Services Market - Macro Economic Scenario
5. Augmented Reality Services Market Size And Growth
.....
26. Africa Augmented Reality Services Market
27. Augmented Reality Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Augmented Reality Services Market
29. Augmented Reality Services Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the augmented reality services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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