Press release
Mobile Augmented Reality Market is driven by increasing use of AR for gaming and entertainment purposes | Microsoft Corporation, Micro Focus, Magic Leap, Inc., Wikitude GmbH
Mobile Augmented Reality Market
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Mobile AR is made possible by advances in mobile computing and sensor technology, which allow AR applications to run on mobile devices and track the user's movements in real-time. AR apps can be used for a variety of purposes, including navigation, gaming, education, and product visualization.
One of the most popular mobile AR apps is Pokemon GO, which allows users to catch virtual Pokemon in the real world. Other popular AR apps include Google Translate, which can superimpose translations over text in the real world, and IKEA Place, which lets users see how furniture would look in their homes before they buy it.
Key Trends
There are several key trends in mobile augmented reality (AR) technology. One is the increasing use of AR for gaming and entertainment purposes. This is being driven in part by the release of new AR-enabled devices such as the Sony PlayStation Vita and Microsoft HoloLens. Another key trend is the use of AR for educational and training applications. This is being driven by the increasing availability of AR apps and content that can be used to supplement traditional teaching methods. Finally, there is a growing trend towards the use of AR for business applications. This is being driven by the potential of AR to improve workplace efficiency and productivity.
Key Drivers
There are a few key drivers of the mobile augmented reality market. One is the increasing use of mobile devices, such as smartphones and tablets. This has led to a demand for more immersive and interactive experiences, which augmented reality can provide. Another driver is the advancement of technology, which has made it possible to create more realistic and lifelike experiences. Finally, the rise of social media and the popularity of video gaming has also contributed to the growth of the mobile augmented reality market.
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Market Segments
The mobile augmented reality market bifurcated on the basis of solution, application, and region. On the basis of solution, it is segmented into mobile AR software and services. By application, it is analyzed across education, gaming, media & entertainment, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The mobile augmented reality market report includes players such as Apple Inc., Google LLC, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Amazon.com, Inc., Intel Corporation, Microsoft Corporation, Micro Focus, Magic Leap, Inc., and Wikitude GmbH.
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Reasons to buy Mobile Augmented Reality Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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