Press Release-Augmented Reality (AR) Market to Reach Valuation of USD 78.0 Billion by 2028 - Increasing Demand for Augmented Reality (AR) Devices in Retail and E-commerce Sector to Drive the Market Growth
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Augmented Reality (AR) Market to Reach Valuation of USD 78.0 Billion by 2028 - Increasing Demand for Augmented Reality (AR) Devices in Retail and E-commerce Sector to Drive the Market Growth
In terms of revenue, the Global Augmented Reality (AR) Market is expected to reach USD 78.0 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 29.8% from 2022 to 2028. The growth of the Augmented Reality (AR) Market is attributed to the factors such as surging demand for Augmented Reality (AR) Market devices and their applications in the healthcare sectors, and the increasing demand for Augmented Reality (AR) Market devices in e-commerce and retail areas due to the spread of coronavirus. Moreover, an increase in internet connectivity and the mobile gaming industry are contributing to the growth of the Augmented Reality (AR) Market during the forecast period.
Key Highlights from the Report
Some of the key players in the Augmented Reality (AR) Market include - [object Object].
Market Dynamics:
The Augmented Reality (AR) Market is experiencing growth due to the increasing demand for Augmented Reality (AR) Market devices and their applications in the healthcare sectors, and the rising demand for Augmented Reality (AR) Market in retail sectors and e-commerce sectors due to the occurrence of coronavirus. Moreover, the rise in the demand for augmented devices and technology in the automotive industry globally, and increasing investments in Augmented Reality (AR) Market are the factors projected to fuel the Augmented Reality (AR) Market growth in the upcoming years.
Growth in internet connectivity and the expanding mobile gaming industry are positively contributing in the growth of the Augmented Reality (AR) Market during the forecast period. The increase in the adoption of Augmented Reality (AR) Market technology in the healthcare sector and rising demand for augmented devices in e-commerce due to covid-19 are expected to drive the Augmented Reality (AR) Market growth in the years to come.
North America is the largest market. North America holds the major share of 43.10% globally. The growth of North America is attributed to rising investments in immersive technologies and driving the demand for advanced technology in the region. The increase in the demand for immersive technologies, strengthens the hold on the Augmented Reality (AR) Market devices are increasing the growth of the Augmented Reality (AR) Market in the North American region in coming years.
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Augmented Reality (AR) Market to Reach Valuation of USD 78.0 Billion by 2028 - Increasing Demand for Augmented Reality (AR) Devices in Retail and E-commerce Sector to Drive the Market Growth
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