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(Wireless-NewsWire.Com, September 19, 2018 ) According to Verified Market Intelligence, the global augmented reality software market was valued at USD 2.21 billion in 2016 and is projected to reach USD 129.63 billion by 2025, growing at a CAGR of 57.21% from 2017 to 2025.
Augmented reality is the incorporation of digital information with the real-time user environment in order to produce an illusion of the enhanced version of the real world. This technology uses various visual as well as sound and other sensory stimuli. It mainly uses the existing environment and overlays the new information over its top. Augmented reality is considered as a growing trend mainly in mobile computing and business applications.
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Increasing demand for AR-based software applications for 3D visualization in the medical sector, Growing interest of large tech companies in AR along with increasing demand for AR in the e-commerce and retail industries have been driving the global augmented reality software market. While limited processing power and inadequate storage might hinder the overall growth at a global level.
The “Global Augmented Reality Software Market” report will provide a valuable insight with an emphasis on the global market including some of the major players such as Wikitude GmbH, Zugara, Inc., Aurasma, Augmate, Ubimax GmbH, PTC, Inc., Daqri LLC, and Blippar. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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