Augmented Reality Market to Grow at 65.24% CAGR during 2017 to 2021

Feb 10, 2017

ReportsnReports.com include Global Augmented Reality Market 2017-2021. The report covers the market landscape and its growth prospects over the coming years.

February 10, 2017 /MarketersMedia/ —

One of the major drivers for mobile augmented reality market 2017 is increasing dependence on apps and proliferation of AR apps for numerous activities. A mobile app is a software developed for use in small-sized wireless computing devices such as smartphones and tablets. The large-scale adoption of smartphones globally has increased the use of AR apps. People have become dependent on apps as they make life simple.

Complete report on mobile augmented reality market spread across 83 pages, analyzing 26 major companies and provides 25 data exhibits is now available at http://www.reportsnreports.com/reports/832193-global-mobile-augmented-reality-market-2017-2021.html .

The analysts forecast global mobile augmented reality market to grow at a CAGR of 65.24% during the period 2017-2021. AR technology is used to blend digital content into the physical world. Computer-generated images of an individual's surroundings along with relevant information are displayed in a user's field of vision. The technology enhances user experience through mobiles apps developed specifically for using AR. The concept of AR has existed for several decades, although it has just gain popularity.

Global Mobile Augmented Reality Market 2017-2021 report considers the revenue generated by vendors developing engines, software, and hardware for a device. The report also considers the revenue generated from the various sources such as paid AR apps, advertisements within AR apps, In-app purchases, revenue generated by AR vendors that develop mobile advertisements for third parties such as PepsiCo and Volkswagen, revenue generated by vendors developing AR apps for sectors such as healthcare, retail, real estate, and industrial and sale of HMDs and smart glasses.

Order a copy of Global Mobile Augmented Reality Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=832193 .

According to the mobile augmented reality market 2017 report, one of the major drivers for this market is increasing dependence on apps and proliferation of AR apps for numerous activities. A mobile app is a software developed for use in small-sized wireless computing devices such as smartphones and tablets. The large-scale adoption of smartphones globally has increased the use of AR apps. People have become dependent on apps as they make life simple.

The mobile AR market is highly fragmented with a moderately competitive environment and is still in its nascent stage. These vendors increasingly focus on working together with the technology developers to comprehend the unique differences and requirements of each industry separately.

Further, the report states that one of the major factors hindering the growth of this market is lack of AR content. There are a large number of AR apps available in the market. These apps are developed mostly by individuals and companies. However, the majority of these apps fail to meet user expectations and become a success, thereby reducing the growth potential and acceptance of AR among consumers.

About Us:
ReportsnReports.com is single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help in purchase decision by mapping your information needs with our huge collection of reports.

Contact Info:
Name: Ritesh Tiwari
Email: sales@reportsandreports.com
Organization: ReportsnReports.com

Source URL: http://marketersmedia.com/augmented-reality-market-to-grow-at-65-24-cagr-during-2017-to-2021/168744

For more information, please visit http://www.reportsnreports.com/reports/832193-global-mobile-augmented-reality-market-2017-2021.html

Source: MarketersMedia

Release ID: 168744

More News


YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.