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Growing Demand In Retail And E-Commerce Sectors Fuels Augmented Reality In Marketing Market: A Significant Driver Propelling The Augmented Reality In Marketing Market In 2025
The Augmented Reality In Marketing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Augmented Reality In Marketing Market Size and Projected Growth Rate?
The Augmented Reality In Marketing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Augmented Reality In Marketing Market Size and Projected Growth Rate?
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What Are the Major Segments in the Augmented Reality In Marketing Market?
The augmented reality in marketing market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Device Type: Head-Mounted Display & Smart Glass, Head-Up Display, Handheld Devices, Stationary AR systems, Smart Glasses, Other Types
3) By Technology: Marker-Based AR Technology, Markerless AR Technology, Anchor-Based AR Technology
4) By Application: Consumer, Commercial, Enterprise, Healthcare, Aerospace And Defense, Energy, Automotive, Other Applications
Subsegments:
1) By Hardware: AR Glasses, Smartphones And Tablets, Head-Mounted Displays (HMDs), AR Kiosks, Sensors And Cameras
2) By Software: AR Development Platforms, AR Content Creation Tools, AR marketing Solutions, Analytics And Reporting Tools, AR Applications And SDKs
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What Are The Driving Augmented Reality In Marketing Market Evolution?
The expansion of augmented reality (AR) in the retail and e-commerce industry is predicted to fuel the growth of AR in the marketing market. Retail involves the selling of products from businesses or individuals directly to customers, while e-commerce pertains to online trade of goods and services. Companies would be encouraged to design smart retail experiences using AR to influence buyer choices. Moreover, AR allows e-commerce consumers to virtually try out a product at home, and even on their own face and body using AR filters, reducing product return rates for brands. For example, as stated by Shopify, a Canadian e-commerce corporation, in July 2022, brands that adopted AR saw a nearly 250% increase in retail conversion rates. Also, according to Houzz, a US-based architectural and online community software, customers that incorporated AR used the app for 2.7 times longer and made purchases 11 times more. Hence, the rising demand for AR in retail and e-commerce is projected to accelerate the promotion of augmented reality in marketing.
Which Firms Dominate The Augmented Reality In Marketing Market Segments?
Major companies operating in the augmented reality in marketing market include Microsoft Corporation, Google LLC, Sony Corporation, Magic Leap Incorporated, Wikitude GmbH, Zugara Inc., Apple Inc., Blippar Limited, Infinity Augmented Reality Limited, Niantic Inc., Zappar Limited., PTC Inc., Daqri LLC, Lenovo, Seiko Epson, Vuzix, Alphabet Inc., Meta Platforms Inc., Snapchat, HP Autonomy, Augment, Marxent, Catchoom, Vuforia (PTC), ViewAR, Upskill, Scope AR, Adtile Technologies, Inlighten, Total Immersion, Re'Flekt, Vertebrae, 8th Wall Inc., Mirum Agency, INDEstry, Third Aurora
What Trends Are Expected to Dominate the Augmented Reality In Marketing Market in the Next 5 Years?
Leading businesses within the augmented reality advertising industry are adopting innovative solutions, like AR out-of-home campaigns, which leverage cutting-edge technology to boost customer engagement and craft immersive brand narratives. AR out-of-home initiatives employ augmented reality in public arenas to produce interactive encounters for customers. For example, in September 2023, Coca-Cola, an American drinks firm, launched the TakeATaste Now, an AR out-of-home drive. The initiative marries AR and digital out-of-home (DOOH) advertising, enabling audience members to engage with digital displays through their smartphones. By scanning QR codes on posters, supporters can digitally pick up a Coca-Cola Zero Sugar bottle and exchange a voucher for an actual 500ml one free of charge at Tesco shops, including the Cherry variant.
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Which Is The Largest Region In The Augmented Reality In Marketing Market?
North America was the largest market share in the augmented reality in marketing market in 2024. The regions covered in the augmented reality in marketing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Augmented Reality In Marketing Market?
2. What is the CAGR expected in the Augmented Reality In Marketing Market?
3. What Are the Key Innovations Transforming the Augmented Reality In Marketing Industry?
4. Which Region Is Leading the Augmented Reality In Marketing Market?
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