Key Trends Influencing the Growth of the Augmented Reality Services Market in 2025: Synergizing Augmented Reality With Blockchain Technology A Catalyst For Market Growth

Key Trends Influencing the Growth of the Augmented Reality Services Market in 2025: Synergizing Augmented Reality With Blockchain Technology A Catalyst For Market GrowthUse code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Augmented Reality Services Market Through 2025?
The size of the market for augmented reality services has experienced a significant increase in the past few years. The market is expected to expand from $191.13 billion in 2024 to $274.54 billion in 2025, at a compound annual growth rate (CAGR) of 43.6%. This previous surge can be traced back to the following factors: embrace of gaming and entertainment platforms, heightened consumer awareness, implementation in corporate training and simulations, reductions in cost and improved accessibility, and the development of content.

What's the Projected Size of the Global Augmented Reality Services Market by 2029?
Anticipated significant expansion over the coming years is predicted for the augmented reality services sector, with the market size set to reach $1105.79 billion by 2029, reflecting a compound annual growth rate (CAGR) of 41.7%. This predicted growth during the forecast period can be credited to factors such as 5G technology integration, enterprise adoption, expansion in healthcare and therapies, the development of intelligent cities and IoT integration, as well as the advancement of education through remote learning methods. Major trends to watch during this period comprise e-commerce and retail integration, spatial computing and interaction, the use of AR in social media and communication, applications in art and design, and the provision of immersive experiences within the tourism niche.

View the full report here:
https://www.thebusinessresearchcompany.com/report/augmented-reality-services-global-market-report

Top Growth Drivers in the Augmented Reality Services Industry: What's Accelerating the Market?
The escalation of the COVID-19 pandemic has compelled enterprises to adopt innovative and online alternatives to sustain their operations, and this is expected to significantly fuel the augmented reality services market's growth in the near future. Post the COVID-19 crisis, the augmented reality sector witnessed a surge in demand across multiple industries, creating an upswing in the need for augmented reality services. For instance, as per the Department for Business and Trade - a UK administrative body, the forecasted augmentation rate for expenditure on augmented reality (AR) and virtual reality (VR) in the UK is set to be 78.3% till 2024. This upsurge is predicted to yield a total spending of £62.5 billion ($79.84 billion) by 2030. The increasing emphasis on learning and development for remote displays and training for employees and customers also bolsters the demand for AR services.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3258&type=smp

What Trends Will Shape the Augmented Reality Services Market Through 2029 and Beyond?
The augmented reality services market is witnessing substantial interest in the adoption of blockchain technology. This Distributed Ledger Technology (DLT) operates by allotting unique characteristics to digital assets through cryptography which are then disseminated on a public and decentralized ledger. Apart from its use in digital currency, this technology is being utilized in a multitude of applications that are drawing the attention of augmented and virtual reality developers. Use cases include enabling developers to generate unique digital assets that can't be replicated by users or other developers, selling of virtual real estate, tracking data represented virtually, and beyond. For instance, Metallika.Inc., a French firm in the blockchain-powered mineral mining services sector, pronounced the integration of blockchain technology into its mining functions in April 2022. The team at Metallika have created a system that can function autonomously on the blockchain known as the decentralized autonomous organization. Compliance with the guidelines embedded into the smart contract is strictly maintained. The transaction block chain will have records of every financial transaction carried out within the DAO as well as the software rules of the smart contract. It is anticipated that this merging of blockchain and augmented reality will drive marker growth during the projected period.

What Are the Main Segments in the Augmented Reality Services Market?
The augmented reality services market covered in this report 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

Subsegments:
1) By Hardware: AR Glasses, AR Headsets, AR Smart Glasses, AR Wearables, AR Devices (Smartphones, Tablets)
2) By Software: AR Development Platforms, AR Content Management Systems, AR Software Tools and Applications, AR Simulation Software, AR Integration Software

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3258&type=smp

Which Top Companies are Driving Growth in the Augmented Reality Services Market?
Major companies operating in the augmented reality services market include Groove Jones LLC, Quy Technology Pvt. Ltd., Craftars Sp. z o.o., Wear Mobile Ltd., Next/Now Inc., Apple Inc., Microsoft Corporation, Niantic Inc., Zappar Limited, Blippar Ltd., Lucyd Ltd., Magic Leap Inc., Echo Interaction Group Inc., Notion theory LLC, Mobilab Sp. z o.o., AVRspot Inc., Transition Technologies PSC Sp. z o.o., Innovecs LLC, INDE Appshaker Ltd., Augment Inc., Metagram Inc., VironIT Inc., Scanta Inc., VR Vision Inc., 8ninths Inc., Yeppar Inc., Mutual Mobile Inc., Intellectsoft Inc., Zco Corporation, CitrusBits Inc., Oodles Technologies Pvt. Ltd., Infotrum LLC, Sumeru Inc., NewGenApps Pvt. Ltd., Chocolate Milk & Donuts LLC, Hedgehog Lab Limited, Dyfuzja Sp. z o.o., NARSUN Inc., Cortex Inc., HorizonCore Infosoft Pvt. Ltd., The Intellify Inc., Gramercy Tech LLC, HQSoftware Inc., Program Ace LLC, Xicom Technologies Ltd., Zco Corporation, Fluper Ltd., JPLoft Solution Inc., Credencys Solutions Inc., IndiaNIC Infotech Limited, Chetu Inc., Vakoms LLC, Delta Reality LLC, Setapp Inc.

Which Regions Will Dominate the Augmented Reality Services Market Through 2029?
Asia-Pacifica was the largest region in the augmented reality services market in 2023. North America was the second largest region in the augmented reality services market. The regions covered in the augmented reality services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3258

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.