The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The COVID-19 outbreak is enforcing companies to shift towards more advanced and virtual solutions in order to continue their businesses are expected to drive innovation in augmented reality services manufacturing, thus driving the market during the forecast period.

The global augmented reality services market is expected to grow from $92.7 billion in 2022 to $134.26 billion in 2023 at a compound annual growth rate (CAGR) of 44.8%. The global augmented reality services market size is expected to grow to $499.39 billion in 2027 at a CAGR of 38.9%.

Get A Free Sample On The Global Augmented Reality Services Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3258&type=smp

Global Augmented Reality Services Market Segments Include:

• By Applications: 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 End-Uses
• 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 Pacific is the largest region in the global augmented reality services market in 2021.

Major Market Players in the augmented reality services market include Groove jones, Quytech, Craftars, WEAR, Next/Now, Apple, Microsoft, Niantic, Zappar, Augmented Reality Labs (Blippar), Lucyd, Magic Leap.

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. For instance, in April 2022, Metallika.Inc., a France-based blockchain-powered company for mineral mining services, announced the addition of blockchain technology to its mining operations. The Metallika team developed a mechanism that may run independently on the blockchain called the decentralized autonomous organization. It strictly abides by the regulations written into the smart contract. The chain of transaction blocks will contain a record of each financial transaction that takes place within the DAO as well as the smart contract’s software rules. Thus, the incorporation of blockchain with augmented reality is expected to boost market growth during the forecast period.

The Augmented Reality Services Global Market Report 2023  provides a augmented reality services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The augmented reality services market forecast analyzes augmented reality services market size, augmented reality services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Augmented reality (AR) is a digitally augmented representation of the real physical environment created by using digital visual components, music, or other sensory stimulation given via technology.

Explore Similar Reports From The Business Research Company:

Augmented Reality Devices Global Market Report 2023

Augmented Reality Software And Services Global Market Report 2023

Augmented Reality In Training And Education Global Market Report 2023

Learn More About The Business Research Company

The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn:  https://in.linkedin.com/company/the-business-research-company

Follow us on Twitter:  https://twitter.com/tbrc_info

Check out our Global Market Model:  https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: