The Global Mobile Augmented Reality Market is expected to grow at a CAGR of 6.4% in the forecast period of 2021 to 2028 and is likely to reach USD 13,543.76 million by 2028. The rise in the utilization of mobile augmented reality (AR) in e-commerce and retail sector will increase the market growth rate.
Moreover, increase in the demand for AR technology from automotive and aerospace industry will provide the beneficial opportunities for the growth of the mobile augmented reality market.
According to Data Bridge Market Research the market for mobile augmented reality is expected to gain growth because of the rising popularity of wearable devices and hands-free devices. Also, surge in the rate of online gaming activities due to COVID-19 pandemic will accelerate the growth of mobile augmented reality market over the forecast period of 2021 to 2028. While, limited processing power and storage capacity will hinder the growth of mobile augmented reality market in the above-mentioned forecast period.
Now the question is which are the other regions that mobile augmented reality market is targeting? Data Bridge Market Research has estimated Asia-Pacific, the growing region of the market due to the rise in commercial and consumer applications in India, China and Japan.
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Mobile augmented reality market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of mobile augmented reality companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-mobile-augmented-reality-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Mobile Augmented Reality Market – Industry Trends and Forecast to 2028