Augmented Reality Market to Grow at a CAGR of 65.24% During the Period 2018

Portland, OR -- (SBWire) -- 05/29/2018 --AR technology is used to blend digital content into the physical world. Computer-generated images of an individual's surroundings along with relevant information are displayed in a user's field of vision. The technology enhances user experience through mobiles apps developed specifically for using AR. The concept of AR has existed for several decades, although it has just gain popularity.The technology has the capability to cater to all industries and fulfills the need to connect the real world with the virtual world.

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Research Beam analysts forecast the global augmented reality market to grow at a CAGR of 65.24% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global augmented reality market for 2017-2021. To calculate the market size, the report considers the revenue generated by vendors developing engines, software, and hardware for a device. The report also considers the revenue generated from the various sources such as paid AR apps, advertisements within AR apps, In-app purchases, revenue generated by AR vendors that develop mobile advertisements for third parties such as PepsiCo and Volkswagen, revenue generated by vendors developing AR apps for sectors such as healthcare, retail, real estate, and industrial and sale of HMDs and smart glasses.

Market driver

- Increasing dependence on apps and proliferation of AR apps for numerous activities

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Market challenge

- Lack of AR content

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Market trend

- Use of SLAM technology

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Key questions answered in this report

- What will the market size be in 2021 and what will the growth rate be?

- What are the key market trends?

- What is driving this market?

- What are the challenges to market growth?

- Who are the key vendors in this market space?

- What are the market opportunities and threats faced by the key vendors?

- What are the strengths and weaknesses of the key vendors?

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Table Of Contents:

PART 01: Executive summary

PART 02: Scope of the report

- Definitions

- End-user segments

- Base year and forecast period

- Market size calculation and segmentation

- Common currency conversion rates

- Vendor offerings

PART 03: Market research methodology

- Research methodology

- Economic indicators

PART 04: Introduction

- Key market highlights

- Market overview

PART 05: Technology life cycle

PART 06: Market landscape