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Augmented Reality (AR) Market to be led by Microsoft Corporation and Apple, Inc.; Rising Applications of AR in Industries to Spur Sales Opportunities, states Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, June 08, 2020 (GLOBE NEWSWIRE) — The AR market is predicted to reach USD 125.32 billion by 2026, exhibiting a CAGR of 48.6% during the forecast period. The growing application of AR in various industries for monitoring and training purposes will bolster the healthy growth of the market during the forecast period. AR can enhance the effectiveness of training, especially for complicated or rare tasks, besides reducing the overall cost. Therefore, organizations around the world are utilizing AR to educate and train employees with its immersive solutions, and interactive training environment. For instance, the US Department of Agriculture’s (USDA’s) Food Safety and Inspection Service (FSIS) have started the implementation of digital reality, which includes AR and VR for training programs.According to the report, published by Fortune Business Insights, titled “Augmented Reality (AR) Market Size, Share & Industry Analysis, By Component (Product, Software, Maintenance & Support Services), By Device Type (Handheld Devices, Stationary AR Systems, Head-mounted Displays (HMDs), Smart Glasses, and Others), By Industry (Gaming, Media and Entertainment, Education, Healthcare and Medical Devices, Retail, Logistics, Manufacturing and Engineering, and Others) and Regional Forecast, 2019-2026” the market size stood at USD 5.40 billion in 2018.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/augmented-reality-ar-market-102553
Competitive LandscapeLaunch of Quick Look by Apple to Boost Market ProspectsApple, Inc., an American multinational technology company headquartered in Cupertino, California released Quick look, an augmented reality (AR) tool, which is featured in iOS and iPad OS. The new tool will allow users to see certain products directly in their environment. The new AR tool, Quick look, is predicted to aid E-commerce companies. It will provide the customers the ability to choose products as per their requirements while making the product look-real-like in their own space, which will lessen product returns and boost sales. The launch of the new tool will aid the augmented reality (AR) market revenue owing to the features of the tool, such as spatial audio and next-level user experience. Moreover, with the new update, now developers can add a purchase button (that will open up Apple Pay), or use a support window to chat with customers. In addition, the focus of companies towards the integration of Artificial intelligence in AR will also subsequently fuel the demand for augmented reality in the forthcoming years.Government Initiatives to Aid Growth in North AmericaNorth America generated a revenue of USD 2.12 billion in 2018 and is predicted to remain dominant during the forecast period owing to the presence of various companies such as Google LLC, Facebook, Inc., and Apple, Inc. Furthermore, the rising R&D investment in the development of the augmented reality in the U.S.  The implementation of various government initiatives and startups for advanced AR technology will create new opportunities for the AR/VR market trends in North America. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the presence of leading market players such as Samsung Electronics, PTC, Inc., and Sony Corporation. Additionally, the growing sales of smartphones in China and India will facilitate growth in the region.The Report Lists the companies in the Augmented Reality (AR) MarketAlphabet, Inc. (Google LLC)Microsoft CorporationApple, Inc.Samsung Electronics Co. Ltd.
Daqri LLC
Vuzix Corporation
Facebook, Inc.IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisGlobal Augmented Reality Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and ForecastsBy Component (Value) ProductSoftwareMaintenance & Support ServicesBy Device Type (Value)Handheld DevicesStationary AR SystemsHead-mounted Displays (HMDs)Smart GlassesOthers (Spatial Augmented Reality (SAR) Systems, etc.)By Industry (Value)GamingMedia and EntertainmentEducationHealthcare and medical devicesRetailLogisticsManufacturing and EngineeringOthers (Automotive, Real Estate, etc.)By Geography (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued….!!!
NLP Market Size, Share & Industry Analysis, By Deployment (On-Premises, Cloud, and Hybrid), By Technology (Interactive Voice Response (IVR), Text Analytics, Speech Analytics, Pattern and Image Recognition, and Others), By Industry Vertical (Healthcare, Retail, BFSI, Automotive & Transportation, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2019-2026AI Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026Virtual Reality Market Size, Share & Industry Analysis, By Offering (Hardware, Software), By Technology (Nonimmersive, Semi-Immersive), By Industry Vertical (Gaming & Entertainment Media, Healthcare, Education, Automotive, Aerospace & Defense, Manufacturing), By Application (Training & Simulation, Educational, Attraction, Research & Development) and Regional Forecast, 2019 – 2026Fortune 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 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. Contact Us:
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