Augmented Reality (AR) and Mixed Reality (MR) Market Poised to Achieve Exponential CAGR of 50.5% by 2029, Size, Share, Trends and Opportunitiy Analysis

PRESS RELEASE
Published July 20, 2023

Data Bridge Market research has recently released expansive research titled “Augmented Reality (AR) and Mixed Reality (MR) Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases surviving and success in the market. To uncover general market conditions and tendencies, the Augmented Reality (AR) and Mixed Reality (MR) market research report acts as a perfect source. The report helps in developing a successful marketing strategy for the business. This market research report is a proven source of information that offers a telescopic view of the current market trends, situations, opportunities, and status. This industry report has strategically analyzed market research analysis and perceptive business insights into the relevant markets of clients. In the large-scale Augmented Reality (AR) and Mixed Reality (MR) market report, a thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the market players.

Data Bridge Market Research analyses that the global augmented reality (AR) & mixed reality (MR) market is expected to reach the value of USD 606,787.07 million by 2029, at a CAGR of 50.5% during the forecast period. The hardware segment accounts for the largest component segment in the augmented reality (AR) & mixed reality (MR) market. The augmented reality (AR) & mixed reality (MR) market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Get a Sample PDF of Augmented Reality (AR) and Mixed Reality (MR) Market Research Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-augmented-reality-ar-and-mixed-reality-mr-market&Somesh=

Global Augmented Reality (AR) and Mixed Reality (MR) Market Drivers

  • Increasing penetration of smart devices and internet services

With the introduction of smart devices, AR has provided valuable opportunities for retailers to engage consumers, showcase their products, and create a competitive advantage, which is expected to drive the global AR (augmented reality) & MR (mixed reality) market significantly.

  • Rise in adoption of augmented reality by educational institutes

AR in education allows students to gain knowledge through rich visuals and immersion into the subject matter. Moreover, speech technology also engages students by providing comprehensive details about the topic in a voice format. Therefore, the concept of e-learning with AR has become an essential strategy for gathering information, which is expected to drive the global AR (augmented reality) & MR (mixed reality) market significantly.

Top Leading Key Players of Augmented Reality (AR) and Mixed Reality (MR) Market:

  • HP Development Company, LP
  • HTC Corporation
  • Autodesk Inc.
  • Barco
  • Intel Corporation
  • PTC
  • Seiko Epson Corporation
  • Ultraleap Limited
  • ASUSTek Computer Inc.
  • Dell
  • Google (a subsidiary of Alphabet Inc.)
  • Sony Corporation
  • Lenovo
  • Microsoft
  • SAMSUNG ELECTRONICS CO., LTD.
  • Panasonic Corporation
  • RealWear, Inc.
  • Magic Leap, Inc.
  • EON Reality
  • TeamViewer

Recent Developments

  • In April 2021, Microsoft announced a Pentagon contract with the U.S. military for augmented reality headgear for soldiers worth USD 21.88 billion. This HoloLens will deliver soldiers more efficient visibility, next-generation night vision, and situational awareness for any war. This has also helped the company to transcend the traditional boundaries of space and time in the field of AR, thereby expanding their products in the market
  • In July 2021, SAMSUNG ELECTRONICS CO., LTD. expanded its contactless offerings for consumers with a new Augmented Reality (AR) enabled service for its flagship products. With this, consumers may virtually experience a product in their homes, check product dimensions, and make an informed selection with the AR service. This has also helped the company to expand its product portfolio in the augmented reality market

To Gain More Insights into the Market Analysis, Browse Summary of the Augmented Reality (AR) and Mixed Reality (MR) Market Report@ https://www.databridgemarketresearch.com/reports/global-augmented-reality-ar-and-mixed-reality-mr-market?Somesh=

Key Market Segments Covered in Augmented Reality (AR) and Mixed Reality (MR) Industry Research

By Component

  • Hardware
  • Software
  • Services

By Deployment Model

  • On-Premise
  • Cloud

By Distribution Channel

  • Offline
  • Online

By Device Type

  • Desktop
  • Head Up Display
  • Head Mounted Display
  • Projector And Display Wall
  • Gesture Tracking Devices

By Technology

  • Mobile Augmented Reality
  • Monitor-Based Technology
  • Near Eye Based Technology

By Application

  • Banking, Financial Services and Insurance (BFSI)
  • Workflow Optimization
  • Marketing Collaboration
  • Enhanced 2-D And 3-D
  • Visualizations
  • 3d Modelling
  • Documentation
  • Navigation

By End User

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail And E-Commerce
  • IT And Telecommunication
  • Automotive
  • Aerospace And Defense
  • Healthcare
  • Animation
  • Travel And Tourism
  • Energy
  • Media And Entertainment
  • Education
  • Construction
  • Games And Sports
  • Banking
  • Others

Augmented Reality (AR) and Mixed Reality (MR) Market Country Level Analysis

The countries covered in the Augmented Reality (AR) and Mixed Reality (MR) Market report are U.S. Canada and Mexico, China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, and Rest of Europe, South Africa, Egypt, U.A.E., Saudi Arabia, Israel, and Rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.

Core Objective of the Augmented Reality (AR) and Mixed Reality (MR) Market:

Every firm in the Augmented Reality (AR) and Mixed Reality (MR) Industry has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

  • Size of the Augmented Reality (AR) and Mixed Reality (MR) Market and growth rate factors.
  • Important changes in the future Augmented Reality (AR) and Mixed Reality (MR) Market.
  • Top worldwide competitors of the Market.
  • Scope and product outlook of Augmented Reality (AR) and Mixed Reality (MR) Market.
  • Developing regions with potential growth in the future.
  • Tough Challenges and risk faced in the Market.
  • Global Augmented Reality (AR) and Mixed Reality (MR) top manufacturers profile and sales statistics.

Table of Content

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Overview
  6. Global Augmented Reality (AR) and Mixed Reality (MR) Market, By Segmentations
  7. Global Augmented Reality (AR) and Mixed Reality (MR) Market, By Region
  8. Global Augmented Reality (AR) and Mixed Reality (MR) Market, Company Landscape
  9. SWOT Analysis
  10. Company Profile
  11. Questionnaire
  12. Related Reports

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-augmented-reality-ar-and-mixed-reality-mr-market&Somesh=

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