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Mobile Augmented Reality Market Perceives Worth USD $70 Billion Registering a Massive CAGR of 61% by 2023

(February 01, 2018)

"Mobile Augmented Reality Market"
Global Mobile Augmented Reality Market, By Component (Hardware, Software), Applications (Smartphones, Smart Glasses & Wearable, Tablets), End-User (Telecommunication, Gaming & Entertainment) - Forecast Till 2023

Market Highlights

North America dominates the mobile augmented reality market. The emerging trend in the IT industry has given rise to the need of mobile augmented reality in the market. With the evolution in technologies such as battery, user interfaces, sensors and others are extensively used in mobile augmented reality. Wearable devices are integrated with mobile augmented reality which offers complex contexts, process optimization, and new levels of remote collaboration, which is propelling the market growth. The proliferation of smartphones and tablets are widely used among users and its improving processing capabilities, sensors, and soon, 3D cameras, are boosting the growth of mobile augmented reality market to the large extent.


The North American region is experiencing higher demand due to increasing use of smartphones which is driving the Mobile Augmented Reality Market growth. The prominent companies such as Microsoft Corporation (U.S.), Google Inc. (U.S.), CORDIS (U.S), Intel Corporation (U.S), Qualcomm Inc. (U.S.), are providing mobile augmented reality solutions in the market. The mobile augmented reality solution are widely used in retail, e-commerce, product visualization education, and others. On October 31, 2017, EON Reality Inc., a global leader of augmented and virtual reality based knowledge transfer for industry and education, went into the partnership with Emirates Advanced Investments Group to deliver EON Reality in Dubai.


The global mobile augmented reality market is expected to reach USD ~ 70 billion at a CAGR of over 61% by the end of the forecast period.


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Mobile Augmented Reality Market Segmentation

The global mobile augmented reality market is segmented into component, applications, end-users, and region. The component is further segmented into hardware and software. Further, the hardware is sub-segmented into 3D graphics system, GPS system, wireless network, displays, sensors and others. The deployment are segmented into On-Premise, on cloud. The applications are segmented Telecommunication, Gaming & entertainment, enterprises (E-commerce, advertising and healthcare), and public sectors (Education, Government, Military) and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.


The prominent players in the global mobile augmented reality market: Qualcomm Inc. (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Blippar (U.K), Infinity augmented reality (Israel), Apple Inc. (U.S.), DAQRI (U.S.), Samsung electronics Ltd. (South Korea), Google Inc. (U.S.), Elsevier (Netherlands), Intel Corporation (U.S), HCL Technologies Limited (India), EON Reality Inc.(U.S), CORDIS (U.S), and Catchoom technologies (Spain) among others.


Market Research Analysis:

The global mobile augmented reality market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global mobile augmented reality market. The mobile augmented reality market is witnessing a high growth due to huge demand from various verticals such as government and defense, IT and telecom, healthcare, retail, and others. Europe is projected to hold the second largest share of the mobile augmented reality market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.


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Intended Audience

Mobile augmented reality companies

Mobile augmented reality providers

Technical universities

System integrators

Managed Security Service Providers

Professional service providers

Research and development companies

Market research and consulting firms

Solution providers

Technology standards organizations

Technology investors

System Integrators


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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