Augmented Reality Software Market
Information Technology

Global Augmented Reality Software Market Outlook, Opportunities And Strategies

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

 

The global augmented reality software market size s expected grow from $20.06 billion in 2021 to $31.0 billion in 2022 at a compound annual growth rate (CAGR) of 54.5%. 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 software market is expected to reach $158.57 billion in 2026 at a CAGR of 50.4%.

 

The steps for recovery from COVID-19 and future productivity in the economy will need augmented reality to adjust to the new normal, contributing to the market growth during the forecast period.

 

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The augmented reality software market consists of sales of augmented reality software which is the integration of the user’s existing real environment with digital information. The revenue generated by this market consists of sales of software whose functions include 3D modelling, workflow optimization, visualization, navigation, remote collaboration, documentation and others. The companies involved in the development of the augmented reality software are primarily engaged in designing, development and sales of this software which is used by various end-users including medical, aerospace & defense, and oil and gas industries among others.

 

Global Augmented Reality Software Market Segments Include:

By Software Function:
3D Modelling, Workflow Optimization, Visualization, Navigation, Remote Collaboration, Documentation, Others

By Vertical: Enterprise, Oil and Gas, Mining, Telecom, Aerospace and Defense, Medical, Others

By Deployment: Cloud Based, On-Premise

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 (AR) software market in 2021.

 

The combination of artificial intelligence and augmented reality shows many opportunities as both are separate but complementary technologies. Artificial intelligence models will enhance augmented reality experience by adding interactivity and effects to AR scenes like real-world object tagging, enabling an AR system to predict the appropriate interface for a person in a given virtual environment, and enhances AR to create a multidimensional and responsive virtual experience that can bring in new levels of insight and creativity.

 

TBRC’s augmented reality software market report covers:

Major Market Players: PTC, Inc., Wikitude GmbH, Daqri LLC, Zugara, Inc., Niantic, Augmate Corporation, Ubimax GmbH, Upskill, Catchoom Technologies S.L., Aurasma, EON Reality Inc., Hewlett-Packard Development Company. L.P., Zappar Ltd, Immerseport, Infinity Augmented Reality, Inglobe Technologies, Jbknowledge, Inc., Kudan, Magic Leap, Inc., Marxent Labs LLC, Mortar Studios, Amazon Web Services, Inc., Re’flekt GmbH, Scope AR, Viewar GmbH, Wear S.R.L., Atheer, Inc., HP Reveal and Kentico Software.

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

 

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

 

Here Is A List Of Similar Reports From The Business Research Company:

Augmented Reality Services Global Market Report 2022

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Augmented Reality In Health Care Global Market Report 2022

 

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