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Augmented Reality Services Market Report 2024-2033: Market Size, Share, Global Growth And Forecast | Groove Jones LLC, Quy Technology Pvt. Ltd., Craftars Sp. z o.o., Wear Mobile Ltd., Next/Now Inc

12-26-2023 06:53 AM CET | IT, New Media & Software

Press release from: The Business research company

Augmented Reality Services Market

Augmented Reality Services Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's Augmented Reality Services Global Market Report 2024 identifies enforcing companies to shift towards more advanced and virtual solutions 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 augmented reality services market size has grown exponentially in recent years. It will grow from $134.26 billion in 2023 to $194.44 billion in 2024 at a compound annual growth rate (CAGR) of 44.8%. The growth in the historic period can be attributed to gaming and entertainment adoption, increased consumer awareness, corporate training and simulation, cost reduction and accessibility, content development.The augmented reality services market size is expected to see exponential growth in the next few years. It will grow to $980.26 billion in 2028 at a compound annual growth rate (CAGR) of 49.8%.

Download Free Sample Of Augmented Reality Services Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=3258&type=smp

Major competitors in the Augmented Reality Services market are Groove Jones LLC, Quy Technology Pvt. Ltd., Craftars Sp. z o.o., Wear Mobile Ltd., Next/Now Inc.

A key trend in the Augmented Reality Services market includes strategic partnerships. Major companies operating in the augmented reality services market are focusing on strategic partnerships like Qualcomm Technologies, Inc.'s collaboration with Microsoft Corporation to better meet the needs of their existing consumers. Qualcomm Technologies and Microsoft are collaborating to create proprietary AR processors that will enable a new generation of power-efficient, lightweight AR glasses to provide rich and immersive experiences. Qualcomm Technologies will leverage its current knowledge and expertise in spatial computing, as well as its aim to develop revolutionary experiences for the next generation of head-worn AR devices. For instance, in January 2022, Qualcomm Technologies, Inc., a US-based augmented reality company, announced a collaboration with Microsoft to broaden and accelerate augmented reality (AR) use throughout the consumer and corporate sectors. Qualcomm Technologies has teamed up with Microsoft on multiple projects to drive the ecosystem, including the development of personalized AR chips that enable an emerging generation of power-effective, lightweight AR glasses capable of delivering rich and immersive experiences, as well as plans to integrate software such as Microsoft Mesh and the Snapdragon Spaces XR Developer Platform. Microsoft Corporation is a US-based software and AR technology firm.

Read More On The Global Augmented Reality Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/augmented-reality-services-global-market-report

The Augmented Reality Services market is segmented -

1. By Type: Hardware, Software
2. By Applications: Training, Annual reports and augmented brochures, Architectural projects/New construction, Games, Trade show environments
3. By End Use: Commercial, Healthcare, Automotive, Other End-Uses
4. 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 2024" 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.

Explore Buying Options For The Augmented Reality Services Market Report Here:
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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. Global Augmented Reality Services Market Size and Growth
……
31. Global Augmented Reality Services Market Competitive Benchmarking
32. Global Augmented Reality Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Augmented Reality Services Market
34. Augmented Reality Services Market Future Outlook and Potential Analysis
35. Appendix

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