From Yahoo Finance: LONDON–(BUSINESS WIRE)– According to the latest market study released by Technavio, the global augmented reality market is expected to grow at an impressive CAGR of more than 65% during the forecast period.
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This research report titled ‘Global Augmented Reality Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
Request a sample report: http://www.technavio.com/request-a-sample?report=55848
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The market research analysis categorizes the global AR market into three major product segments. They are:
- Mobile devices
- Smart glasses
- Head-mounted displays (HMDs)
Global AR market by mobile devices
The global AR market by mobile devices is expected to grow at a CAGR of close to 78% by 2021. In 2017, several large companies such as Facebook, Apple, and Google are expected to launch augmented reality apps that will enable improved interaction with the real world.
The awareness and interest in augmented reality technology are increasing among users, which will result in the development of phones with integrated dual cameras at the back along with depth sensing cameras. This may not generate revenue immediately, however, with the development of new content, consumer-specific AR apps will start generating revenue.
“The adoption of mobile AR in enterprises will increase significantly due to the ease of use and convenience offered by mobile devices. DHL, a leading logistics company, has shown immense interest in using mobile AR for logistics. The company is expected to slowly develop apps for warehousing, optimizing transportation, and last-mile delivery,” says Chetan Mohan, a lead analyst at Technavio for human machine interface research.