The Augmented Reality Software and Services Global Market Report 2021-31 by The Business Research Company describes and explains the global AR software and services market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Augmented Reality Software and Services Global Market Report 2022 covers AR software and services market drivers, AR software and services market trends, AR software and services market segments, augmented reality software and services market growth rate, AR software and services market major players, and AR software and services market size.
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The augmented reality software and services market report provides in-depth analysis of the impact of COVID-19 on the global augmented reality software and services industry along with revised market numbers due to the effects of the coronavirus and the expected augmented reality software and services market growth numbers for 2022-2031.
The global augmented reality software and services market size is expected to grow from $7.12 billion in 2021 to $11.45 billion in 2022 at a compound annual growth rate (CAGR) of 60.8%. The change in the AR software and services market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $71.17 billion in 2026 at a CAGR of 57.9%.
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Augmented Reality Software and Services Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the AR software and services market segments-
1) By Software Function: Remote Collaboration, Workflow Optimization, Visualization, Documentation, 3D Modelling, Navigation, Others
2) By Vertical: Aerospace and Defense, Medical, Commercial, Oil and Gas, Mining, Telecom, IT/Data Centers, Enterprise, Consumer, Others
3) By End-User Type: Commercial, Consumer
The major players in the global augmented reality software and services market are Wikitude GmbH, Daqri, Zugara, Upskill abd Aurasma.
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