Press Release

Augmented Reality Market: How to Leverage on Technology During Covid19 Crisis?

Top Players in Augmented Reality (AR) Market include Alphabet Inc., Apple, Microsoft, Samsung Electronics, DAQRI, Vuzix Corporation, Facebook

The global augmented reality market size is projected to reach USD 65.22 billion by 2027, exhibiting a CAGR of 48.3% during the forecast period. Growing presence of AR devices and solutions amid COVID-19 pandemic will create new avenue for expansion in the market, finds Fortune Business Insights™ in its report, titled “Augmented Reality Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, and Software), By Device Type (Head Mounted Display, Heads-Up Display, Handheld Devices, Stationary AR Systems, Smart Glasses, Others), By Industry (Gaming, Media & Entertainment, Automotive, Retail, Healthcare, Education, Manufacturing, and Others), and Regional Forecast, 2020-2027”. With large swathes of people worldwide confined to their homes to contain the spread of the coronavirus, diverse entities are looking for efficient ways to ensure continuation of work without impediments. AR technology has offered the desired solutions. For instance, first-year medical students at Cleveland’s Case Western Reserve University have been utilizing HoloAnatomy and HoloLens to study the human body from their homes. In May 2020, Facebook also unveiled its prototype AR and virtual reality (VR) technologies to enable employees to work from home in the long-run, even after the pandemic is over. Thus, AR is proving extremely beneficial for remote working as well as remote learning and as a result, its adoption is all set to surge not just during, but also after the COVID-19 pandemic has abated.

To Gain More Insights into the Augmented Reality Market, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/augmented-reality-ar-market-102553

The report is fixed at delivering a comprehensive description of the augmented reality (AR) market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing diesel generator market expansion, growth patterns, restricting factors, and market strategies.

List of Key Companies Profiled in the Augmented Reality Market Report:

  • RealWear, Inc.
  • Sixense Entertainment Inc.
  • PTC, Inc.
  • Vuzix Corporation
  • Samsung Electronics Co. Ltd.
  • Microsoft Corporation
  • Magic Leap, Inc.
  • Qualcomm Technologies, Inc.
  • Facebook, Inc.
  • io
  • Apple, Inc.
  • Google LLC (Alphabet, Inc.)

Request a Sample Copy for more detailed Augmented Reality Market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/augmented-reality-ar-market-102553

Regional Insights

Robust Investment Culture to Favor Market Growth in North America

With a market size of USD 0.92 billion in 2019, North America is slated to dominate the augmented reality market share during the forecast period. The main reason for the region’s leading position is the favorable investment climate, especially in the domain of information & communication technology (ICT). Moreover, companies in the US and Canada are widening the applicability of AR in different fields, which will play a key role in the long-term development of the market.

Promising growth in the automotive, logistics, manufacturing, and gaming industries is expected to be the primary growth driver for the market in Asia Pacific. In Europe, on the other hand, proliferation of companies and start-ups specializing in AR/VR technologies, especially in the UK, is likely to propel the market in the continent.

Purchase Full Report for Exclusive Augmented Reality Market Growth Forecast –  https://www.fortunebusinessinsights.com/checkout-page/102553

Other Exclusive Reports:

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Cloud Analytics Market to Rise at 24.3% CAGR till 2026; Increasing Investment in Development of Efficient Cloud Platforms Will Aid Growth

Smart Building Market to Exhibit a CAGR of 12.6%; Increasing Smart City Projects to Aid Market Expansion

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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