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Global Augmented Reality Services Market 2023 Technology Scouting, Industry Insights, Business Outlook And Key Players Analysis Till 2032 | Groove jones, Quytech, Craftars, WEAR, Next/Now, Apple
Augmented Reality Services Market
The Business Research Company's Augmented Reality Services Global Market Report 2023 identifies COVID-19 outbreak as the major driver for the Augmented Reality Services Market's growth in the forecast period. 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.
The global augmented reality services market size will grow from $92.7 billion in 2022 to $134.26 billion in 2023 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global augmented reality services is expected to grow to $499.39 billion in 2027 at a CAGR of 38.9%.
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Major competitors 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.
A key trend in the Augmented Reality Services Market includes integration of blockchain technology. Blockchain technology is the Distributed Ledger Technology (DLT) in which digital assets are assigned with unique attributes using cryptography and are distributed on a decentralized and public ledger. Apart from digital currency application, blockchain technology performs several applications that augmented and virtual reality developers are focusing on such as it allows developers to create unique digital assets that users and other developers cannot copy, selling virtual real estate, tracking virtually represented data, and more.
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The Augmented Reality Services Market is segmented -
By Applications: Training, Annual reports and augmented brochures, Architectural projects/New construction, Games, Trade show environments
By Type: Hardware, Software
By End Use: Commercial, Healthcare, Automotive, Other End-Uses
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifica was the largest region in the Augmented Reality Services Market.
The Business Research Company's "Global Augmented Reality Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Augmented Reality Services Market 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
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