The global augmented reality market is projected to grow at a CAGR of 25.35% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 29.53 Billion in 2021 and is expected to reach USD 225.45 Billion by the end of the forecast period.
Augmented reality (AR) in healthcare and beyond: A market research overview
The global augmented reality market is witnessing unprecedented growth, driven by its versatile applications in healthcare, architecture, and retail industries. Market research reveals an optimistic outlook for AR technology adoption, propelled by several key drivers, offering lucrative opportunities for industry players.
Augmented reality market outlook
The global AR market is poised for remarkable growth in the coming years. A surge in demand, particularly in the Asia-Pacific (APAC) region, driven by the booming gaming industry, is anticipated. The APAC market is projected to witness the highest growth, making it a key focus area for AR technology development and adoption.
Augmented reality market key players
Several key players are at the forefront of the AR market’s growth which includes Microsoft Corporation, Wikitude GmbH, Zugara, Inc., Google, Inc., PTC, Inc., Magic Leap, Inc., Daqri LLC, Lenovo, Seiko Epson, and Vuzix.
The future of Augmented Reality is bright, with diverse applications across industries driving its growth. Verified Market Research