Mobile Augmented Reality Market 2025 Forecast Overview and Growth Analysis

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MarketsandMarkets Presents
The Mobile Augmented Reality Market is projected
to grow from USD 7.6 billion in 2020 to USD 29.5
billion by 2025 it is expected to grow at a CAGR
of 31.1 from 2020 to 2025. Surge in adoption of
AR technology by travel tourism and education
sector, increase in online gaming activities
during COVID-19 pandemic, and rise in demand for
mobile AR from retail sector to enhance consumers
shopping experience are the key factors driving
the market growth.
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MarketsandMarkets Presents
Key Players Major Vendors in the Mobile
Augmented Reality Market include Google (US), PTC
(US), Apple (US), Wikitude (Austria), Samsung
Electronics (South Korea), Blippar (UK), MAXST
(South Korea), Magic Leap, (US), Upskill (US),
and Atheer (US). Apart from these, Talespin (US),
Scanta (US), Craftars (Romania), Appentus
Technologies (India), and BidOn Games Studio
(Ukraine) are among a few emerging companies in
the Mobile Augmented Reality Market. Download
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MarketsandMarkets Presents
Market for Mobile Augmented Reality Services is
projected to grow at a higher CAGR during the
forecast period Cloud computing-based AR is used
to compare captured images with those in the
database and send back relevant information to
the mobile device. The mobile device further
processes the image and detects, resizes, and
generates 3D images. From productivity
enrichment, feature enhancement to regular
functionality updates, AR mobile app maintenance
and support services help users to make their
apps convenient to use. It includes critical
functions that are responding to customer
inquiries, providing organizational training
programs, deploying the apps-to-app
stores/enterprise stores, and integrating apps
with complex corporate systems.
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MarketsandMarkets Presents
Market for smartphones projected to grow at a
higher CAGR during the forecast
period Smartphones, nowadays, have multiple
functionalities, including sensing the data is
gathered through various devices, such as
microphones, cameras, accelerometers, gyroscopes,
GPS, and proximity sensors. Also, high MHz
processors, memory chips that store a large
volume of data, fine-quality cameras, and 3D
graphics software/cards are in demand to deploy
in smartphones. Various types of software apps
are installed in smartphones to increase their
functionalities. After implementing AR
applications, smartphones can work as AR systems
that can identify and analyze data to enable
users to visualize digital objects in real
surroundings.
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MarketsandMarkets Presents
Market in APAC estimated to grow at the highest
CAGR during forecast period The improvement in
the spending capacity of people in various APAC
countries, such as China, India, has led to the
increasing demand for consumer-centric products,
including smartphones, smart wearables, and other
consumer electronic products, including gaming
consoles. This has led to the adoption of mobile
AR for gaming and entertainment applications.
Therefore, strong growth for mobile AR
applications in the coming years is expected in
APAC.
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MarketsandMarkets Presents
Dont miss out on business opportunities in
Mobile Augmented Reality Market. Speak to our
analyst and gain crucial industry insights that
will help your business grow. Browse 142 market
data Tables and 50 Figures spread through 210
Pages and in-depth TOC on "Mobile Augmented
Reality Market with COVID-19 Impact Analysis by
Device Type (Smartphones, Tablets, PDAs),
Offering (Software, Services), Application
(Consumer, Healthcare, Enterprise, Commercial),
and Region - Global Forecast to 2025" _at_
https//www.marketsandmarkets.com/Market-Reports/m
obile-augmented-reality-market-174800140.html
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