WASHINGTON, April 22, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Augmented Reality (AR) Market finds that the increase in globalized threat of ransomware is expediting market growth. Primarily driven by rising adoption of IoT, the total Global Augmented Reality (AR) Market is estimated to reach USD 78.0 Billion by 2028.
The Market stood at a revenue of USD 16.3 Billion in 2021, and is expected to exhibit a Compound Annual Growth Rate (CAGR) of 29.8%.
Furthermore, the growing adoption of artificial intelligence and blockchain technology for risk analytics is also anticipated to augment the growth of the Global Augmented Reality (AR) Market, states Vantage Market Research, in a report, titled “Augmented Reality (AR) Market Size, Share & Trends Analysis Report by Technology (Marker-Based AR Technology, Marker-less AR Technology, Anchor-Based AR Technology), by Offerings (Hardware, Software), by Device Type (HUDs, HMDs), by Application (Consumer, Commercial, Enterprise (Manufacturing), Healthcare), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Driver: Increase in Adoption of AR Technology in Healthcare Sector to Fuel Global Augmented Reality (AR) Market
The increasing adoption of AR technology is expected to fuel the growth of the Augmented Reality (AR) Market during the forecast period. Augmented reality has great potential in the healthcare industry. With this technology, healthcare can become more affordable and can be extent to millions of individuals. The technology can address health awareness, diagnosis, patient monitoring, patient care, disease outbreak and preventions, medical equipment upkeep and training, treatment and therapy planning, and lifestyle improvement. Further, with augmented reality, medical professionals can get better at drawing blood, using a handheld scanner that projects over the skin and shows nurses and doctors where the veins are present in the bodies of patients. Thus, AR can be used for wide range of applications in the healthcare sector which has increased its overall demand across this industry.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/augmented-reality-ar-market-1461/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
The newly updated, 150+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
We offer these reports in PDF format so you can read them on your computer and print them out.
Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Augmented Reality market is predicted to grow at a CAGR of roughly 29.8% during the forecast period.
The Augmented Reality market was estimated to be worth roughly USD 16.3 Billion in 2021 and is expected to reach USD 78.0 Billion by 2028; based on primary research.
On the basis of region, Asia Pacific is projected to dominate the worldwide Augmented Reality market.
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/augmented-reality-ar-market-1461/0
Benefits of Purchasing Augmented Reality Market Reports:
Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
Assured Quality: Focuses on accuracy and quality of reports.
Incomparable Skills: Analysts provide in-depth insights into reports.
Segmentation of Augmented Reality (AR) Market:
Marker-Based AR Technology
Marker-less AR Technology
Anchor-Based AR Technology
Aerospace & Defense
Middle East and Africa
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/augmented-reality-ar-market-1461
Driver: Increasing demand for AR in Retail and E-commerce Sectors to Stimulate Market Growth
The increase in adoption in retail and e-commerce sectors is anticipated to augment the growth of the Augmented Reality (AR) Market within the estimated period. AR technology is predicted to be the future of shopping. With the introduction of e-commerce, most of the retail stores have adopted AR technology to enhance customers’ shopping experience. Customers can easily visualise themselves in the selected pair of clothes in front of a screen and check the design, colour, and fit due to AR technology. Augmented reality can make the experience of the customer smooth when they are looking for a particular product since the store navigation directs the consumer to the desired product area. Further, an AR-enabled mobile app can also act as a salesperson and provide numerous options that are relevant to the consumer’s need. Additionally, Augmented Reality (AR) also allows the customer to place a 3D model of the product onto the user’s physical environment in ecommerce which effectively solved the challenges of buying online during the Covid-19 pandemic. Thus, owing to the benefits the demand for AR technology has increased to a considerable rate in most the industry verticals.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the IT industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert@ https://www.vantagemarketresearch.com/augmented-reality-ar-market-1461/inquiry-before-buying
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
The report on Augmented Reality (AR) Market highlights:
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
North America to Dominate the Global Augmented Reality (AR) Market
North America has dominated the Global Augmented Reality (AR) Market in 2021 and is likely to continue the same trend during the forecast period. The US dominated the North America region in 2021. This is attributable to the early adoption and deployment of the latest technologies in the region. Furthermore, presence of several technology companies in the region along with increasing investments in advanced technologies is also anticipated to encourage the adoption of AR technology.
Asia Pacific is expected to grow at a fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the rising adoption of online platforms for various purposes in the region. Additionally, the increasing investments in commercial applications of augmented reality are also expected to support the regional growth of the market in the years to come. Further, thriving healthcare and automotive sectors along with rising number of manufacturing facilities in the region is also expected to support the growth of the market within the estimated timeframe.
List of Prominent Players in the Augmented Reality (AR) Market:
MAXST CO. Ltd.
MAGIC LEAP Inc.
Browse market data Tables and Figures spread through Pages and in-depth TOC on "Augmented Reality (AR) Market Size, Share & Trends Analysis Report by Technology (Marker-Based AR Technology, Marker-less AR Technology, Anchor-Based AR Technology), by Offerings (Hardware, Software), by Device Type (HUDs, HMDs), by Application (Consumer, Commercial, Enterprise (Manufacturing), Healthcare), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/augmented-reality-ar-market-255956
March, 2022: Verizon and Doug Liman’s 30 Ninjas, in association with France-based immersive studio Nove lab, announced to launch AR adventure thriller powered by 5G Ultra- Wideband for an unbelievable immersive experience.
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Augmented Reality Market?
How will the Augmented Reality Market change in the upcoming six years?
Which application and product will take a lion’s share of the Augmented Reality Market?
What is the Augmented Reality market drivers and restrictions?
What will be the CAGR and size of the Augmented Reality Market throughout the forecast period?
This market titled “Augmented Reality (AR) Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years
Region & Counties Covered
• North America
• GOOGLE, Inc.
Market growth drivers, restraints, opportunities, Porter’s five forces analysis,
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on firstname.lastname@example.org or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/augmented-reality-ar-market-1461/request-sample
Browse More Related Report:
Smart Mobile POS Market:- https://www.vantagemarketresearch.com/industry-report/smart-mobile-pos-market-1489
Food Robotics Market:- https://www.vantagemarketresearch.com/industry-report/food-robotics-market-1480
Smart Manufacturing Market:- https://www.vantagemarketresearch.com/industry-report/smart-manufacturing-market-1477
Mobile Artificial Intelligence Market:- https://www.vantagemarketresearch.com/industry-report/mobile-artificial-intelligence-market-1473
Top Companies in Augmented Reality Market: - https://v-mr.biz/augmented-reality-market
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs