Generative AI In Augmented Reality Market Current Trends, Top Key Players, Depth Analysis And Forecast 2033

The new report published by The Business Research Company, titled ""Generative AI In Augmented Reality Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the generative AI in augmented reality market size has grown exponentially in recent years. It will grow from $1.88 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 35.8%. The generative AI in augmented reality market size is expected to see exponential growth in the next few years. It will grow to $8.78 billion in 2028 at a compound annual growth rate (CAGR) of 36.1%.

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Remote Work Revolution Drives Growth In The Augmented Industrial Reality (AIR) Market
The increasing prevalence of remote work is expected to propel the growth of the generative AI augmented reality market going forward. Remote work, also known as telecommuting or telework, refers to a work arrangement in which employees do not need to commute to a physical office or workplace. The increasing prevalence of remote work has become a significant factor driving the adoption and development of augmented industrial reality (AIR) solutions.Generative augmented reality (GAR) can be highly beneficial in remote work scenarios, particularly in industries that rely on physical operations and require collaboration between on-site and remote teams. For instance, according to Forbes Media LLC, a US-based media company, as of 2023, 12.7% of full-time employees in the United States work from home, while 28.2% work a hybrid model. By 2025, an estimated 32.6 million Americans are expected to work remotely, which equates to about 22% of the workforce. Therefore, the increasing prevalence of remote work is driving the growth of the generative AI augmented reality market.

Innovation With Neural Network Integration For Enhanced AR Experiences
Major companies operating in the generative AI in augmented reality market are developing innovative solutions such as neural networks for AR to advance the 3D AR platform. The neural network is integrated into their Generative AR Platform, enabling users to create 3D objects and images optimized for performance in augmented reality projects, even on low-end smartphones. For instance, in April 2023, Devar, a US-based technology company, launched the first neural network for AR. The neural network generates 3D models that meet quality requirements for webAR objects, including the recommended number of polygons, correct topology, and textures, which are typically time-consuming for 3D specialists to create. The neural network leverages DEVAR's proprietary 3D content datasets and user feedback from the MyWebAR platform to streamline the creation of AR assets, making AR development more accessible to users without prior experience in creating AR content.

The generative ai in augmented reality market covered in this report is segmented -

1) By Component: Software, Services
2) By Application: Gaming And Entertainment, Enterprise, Education
3) By End-User: Enterprise, Consumer

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Major companies operating in the generative AI in augmented reality market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Meta Platforms Inc., Qualcomm Technologies Inc., NVIDIA Corporation, Snap Inc., PTC Inc., Epic Games Inc., Magic Leap Inc., Niantic Inc., WayRay AG, DAQRI, RE'FLEKT GmbH, Ubimax GmbH, Seabery, Vuzix Corporation, Scope AR, Upskill, Blippar, Atheer Inc., Wikitude GmbH, ViewAR, 8th Wall

Contents of the report:
1. Executive Summary
2. Generative AI In Augmented Reality Market Report Structure
3. Generative AI In Augmented Reality Market Trends And Strategies
4. Generative AI In Augmented Reality Market - Macro Economic Scenario
5. Generative AI In Augmented Reality Market Size And Growth
…..
27. Generative AI In Augmented Reality Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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