AUGMENTED REALITY SOFTWARE MARKET 2019 TECHNOLOGICAL ADVANCEMENT AND PRECISE OUTLOOK – WIKITUDE GMBH, ZUGARA, INC., AURASMA, AUGMATE | CAGR OF 57.21%
Verifiedmarketresearch has published a report entitled Global Augmented Reality Software Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
According to Verified Market Intelligence, the global augmented reality software market was valued at USD 2.21 billion in 2016 and is projected to reach USD 129.63 billion by 2025, growing at a CAGR of 57.21% from 2017 to 2025.
The major manufacturers covered in this report- Wikitude GmbH, Zugara, Inc., Aurasma, Augmate, Ubimax GmbH, PTC, Inc., Daqri LLC, and Blippar.
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What is Augmented Reality Software?
Augmented reality is the incorporation of digital information with the real-time user environment in order to produce an illusion of the enhanced version of the real world. This technology uses various visual as well as sound and other sensory stimuli. It mainly uses the existing environment and overlays the new information over its top. Augmented reality is considered as a growing trend mainly in mobile computing and business applications.
Increasing demand for AR-based software applications for 3D visualization in the medical sector, Growing interest of large tech companies in AR along with increasing demand for AR in the e-commerce and retail industries have been driving the global augmented reality software market. While limited processing power and inadequate storage might hinder the overall growth at a global level.
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Market Segment by Regions, regional analysis covers 2019-2025:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What are the Augmented Reality Software market factors that are explained in the report
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global Augmented Reality Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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