Augmented Reality Market Projected to Grow at a CAGR of 60.9% Over the Forecast Period 2016-2024

NEW YORK - Aug. 28, 2018 - PRLog -- According to Goldstein Research, global augmented reality market (https://www.goldsteinresearch.com/report/global-augmented-reality-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024)estimated at USD 2.1 billion in 2016 which is estimated to reach a market size of USD 94.6 billion by 2024, growing at a CAGR of 60.9% over the forecast period 2016-2024. The rising investments in R&D of AR technology hardware & software platforms by the global tech giants such as Google,Microsoft and Apple is expected to drive the growth of global augmented reality market. Further geographically, global augmented reality industry is dominated by North America, with a market size of USD 1.3 billion. North America is closely followed by Europe, acquiring a market share of 18.0% in 2016. Moreover, Asia Pacific region is witnessed to be growing at fastest growth rate during the forecast period.

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Market Segmentation
Global Augmented Reality Market can be segmented as follows:
By Technology Type

• Marker Based

• Active Marker
• Passive Marker

• Marker Less

• Model-based
• Image Processing Based
By Components

• Software

• Cloud-Based Services
• Software Developer Kits

• Hardware

• 3D cameras
• AR Wearable Devices
• Sensors
• Displays
By End Users

• Education Sector
• Healthcare Sector
• Aerospace Industry
• Automotive Sector
• Real Estate
• Tourism
• Gaming
• Defense
• Sports
• Manufacturing Industry
• Media And Entertainment
By Region

• North America Augmented Reality Market Analysis, 2016-2024
• Europe Augmented Reality Market Analysis, 2016-2024
• Middle East And Africa Augmented Reality Market Analysis, 2016-2024
• Latin America Augmented Reality Market Analysis, 2016-2024
• Asia Pacific Augmented Reality Market Analysis, 2016-2024
• Rest Of The World Augmented Reality Market Analysis, 2016-2024

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"Global Augmented Reality Market Outlook 2024" contains detailed overview of the global augmented reality market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type, components, end users and geography.

The GlobalAugmented Reality Market Report (https://www.goldsteinresearch.com/pressrelease/wide-appli...)encompasses the competitive outlook of major players across the globe that includes the R&D activities, investments, revenue distribution, financial analysis, business strategies and product portfolio. The in-depth analysis of augmented reality market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global augmented reality marketdiscussedin the report are: Microsoft, Apple, Google, Qualcomm Inc., Magic Leap, Sony, Augmented pixels Inc., Niantic Labs, Samsung, Intel, HTC,etc.

Further, Global Augmented Reality Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Augmented Reality Market outlookalso comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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