Learn about the global augmented reality services market through The Business Research Company, which provides information on augmented reality services market size, augmented reality services market drivers and restraints, augmented reality services market players, the COVID-19 impact on the augmented reality services market, and more.

The global augmented reality services market size is expected grow from $70.91 billion in 2021 to $102.69 billion in 2022 at a compound annual growth rate (CAGR) of 44.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The AR services market size is expected to reach $451.72 billion in 2026 at a CAGR of 44.8%.

The COVID-19 outbreak is enforcing companies to shift towards more advanced and virtual solutions in order to continue their businesses, which is predicted to act as a major driver for the growth of the augmented reality services market in the short-term.

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The augmented reality (AR) services market consists of sales of augmented reality services. Augmented Reality is an integration of digital information with a real-time environment. The AR services include services for the applications of training, preparation of annual reports and augmented brochures, architectural projects/new construction, games, trade show environments, marketing campaigns, medical uses, data visualization, entertainment, and location-based education.

Global Augmented Reality Services Market Segments Include:

By Application: Training, Annual Reports and Augmented Brochures, Architectural Projects/New Construction, Games, Trade Show Environments

By Type: Hardware, Software

By End-Use: Commercial, Healthcare, Automotive, Other

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacifica was the largest region in the augmented reality services market in 2021.

The integration of blockchain technology is gaining significant popularity in the augmented reality services market. Blockchain technology is the Distributed Ledger Technology (DLT) in which digital assets are assigned with unique attributes using cryptography and are distributed on a decentralized and public ledger. Apart from digital currency application, blockchain technology performs several applications that augmented and virtual reality developers are focusing on such as it allows developers to create unique digital assets that users and other developers cannot copy, selling virtual real estate, tracking virtually represented data, and more.

TBRC’s augmented reality services market report covers:

Major Market Players: Groove jones, Quytech, Craftars, WEAR, Next/Now, Apple, Microsoft, Niantic, Zappar, Augmented Reality Labs (Blippar), Lucyd, Magic Leap, Echo Interaction Group, Notion theory, Mobilab, AVRspot, Transition Technologies PSC, Innovecs, HQSoftware, INDE, Augment, Metagram, VironIT, Scanta, VR Vision Inc, 8ninths, Yeppar, Mutual Moblie, intellectsoft, Zco cooperation and CitrusBits.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Augmented Reality Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides augmented reality services market overviews, analyzes and forecasts market size, share, augmented reality services market players, augmented reality services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s augmented reality services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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