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Augmented Reality (AR) Market to Exhibit an Incredible CAGR of 48.6%; Integration of Artificial Intelligence in AR to Augur Well for the Market, States Fortune Business Insights™PUNE, India, April 3, 2020 /PRNewswire/ -- The augmented reality (AR) market is predicted to reach USD 125.32 billion by 2026, exhibiting a CAGR of 48.6% during the forecast period. The growing application of AR in various industries for monitoring and training purposes will bolster the healthy growth of the market during the forecast period. AR can enhance the effectiveness of training, especially for complicated or rare tasks, besides reducing the overall cost. Therefore, organizations around the world are utilizing AR to educate and train employees with its immersive solutions, and interactive training environment. For instance, the US Department of Agriculture's (USDA's) Food Safety and Inspection Service (FSIS) have started the implementation of digital reality, which includes AR and VR for training programs.  According to the report, published by Fortune Business Insights, titled "Augmented Reality (AR) Market Size, Share & Industry Analysis, By Component (Product, Software, Maintenance & Support Services), By Device Type (Handheld Devices, Stationary AR Systems, Head-mounted Displays (HMDs), Smart Glasses, and Others), By Industry (Gaming, Media and Entertainment, Education, Healthcare and Medical Devices, Retail, Logistics, Manufacturing and Engineering, and Others) and Regional Forecast, 2019-2026" the market size stood at USD 5.40 billion in 2018. The report is fixed at delivering a comprehensive description of the augmented reality (AR) market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing diesel generator market expansion, growth patterns, restricting factors, and market strategies. Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/sample/augmented-reality-ar-market-102553 An Overview of the Impact of COVID-19 on this Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. To get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/augmented-reality-ar-market-102553 Competitive Landscape Launch of Quick Look by Apple to Boost Market Prospects Apple, Inc., an American multinational technology company headquartered in Cupertino, California released Quick look, an augmented reality (AR) tool, which is featured in iOS and iPad OS. The new tool will allow users to see certain products directly in their environment. The new AR tool, Quick look, is predicted to aid E-commerce companies. It will provide the customers the ability to choose products as per their requirements while making the product look-real-like in their own space, which will lessen product returns and boost sales. The launch of the new tool will aid the augmented reality (AR) market revenue owing to the features of the tool, such as spatial audio and next-level user experience. Moreover, with the new update, now developers can add a purchase button (that will open up Apple Pay), or use a support window to chat with customers. In addition, the focus of companies towards the integration of Artificial intelligence in AR will also subsequently fuel the demand for augmented reality in the forthcoming years. Regional Analysis Government Initiatives to Aid Growth in North America North America generated a revenue of USD 2.12 billion in 2018 and is predicted to remain dominant during the forecast period owing to the presence of various companies such as Google LLC, Facebook, Inc., and Apple, Inc. Furthermore, the rising R&D investment in the development of the augmented reality in the U.S. The implementation of various government initiatives and startups for advanced AR technology will create new opportunities for the AR/VRmarket trends in North America. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the presence of leading market players such as Samsung Electronics, PTC, Inc., and Sony Corporation. Additionally, the growing sales of smartphones in China and India will facilitate growth in the region. List of Key Companies Profiled in the Augmented Reality (AR) Market Report are:
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Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/augmented-reality-ar-market-102553 (Have a Look at Reports Trending in Information & Technology Industry) Browse Related Reports: Virtual Reality Market Size, Share & Industry Analysis, By Offering (Hardware, Software), By Technology (Nonimmersive, Semi-Immersive), By Industry Vertical (Gaming & Entertainment Media, Healthcare, Education, Automotive, Aerospace & Defense, Manufacturing), By Application (Training & Simulation, Educational, Attraction, Research & Development) and Regional Forecast, 2019 - 2026 Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026 Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing) and Region Forecast, 2020-2027 Natural Language Processing (NLP) Market Size, Share & Industry Analysis, By Deployment (On-Premises, Cloud, and Hybrid), By Technology (Interactive Voice Response (IVR), Text Analytics, Speech Analytics, Pattern and Image Recognition, and Others), By Industry Vertical (Healthcare, Retail, BFSI, Automotive & Transportation, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2019-2026 Internet of Things (IoT) Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026 5G Infrastructure Market Size, Share and Industry Analysis By Component (Fibers, Cables, Antenna, Transceiver, Wireless Backhaul, Modem, Router), By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN), Distributed Antenna System (DAS)), and Regional Forecast 2019-2026 Small Cell 5G Network Market Size, Share & Industry Analysis, By Application (Residential & SOHO, Enterprises and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell and Microcell), and Regional Forecast, 2019-2026 Speech and Voice Recognition Market Size, Share & Industry Analysis, By Component (Solution, Services), By Technology (Voice Recognition, Speech Recognition), By Deployment (On-Premises, Cloud), By End-User (Healthcare, IT and Telecommunications, Automotive, BFSI, Government, Legal, Retail, Travel and Hospitality and Others) and Regional Forecast, 2019 – 2026 Mobile Virtual Network Operators Market Size, Share and Industry Analysis by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Regional Forecast 2018-2025 Retail Cloud Market Size, Share & Industry Analysis, By Model Type (Infrastructure as a Service, Platform as a Service and Software as a Service), By Deployment (Public, Private and Hybrid Cloud), By Solution (Supply Chain Management, Workforce Management, Customer Management, Reporting & Analytics, Data Security, Omni-Channel), By Enterprise Size (Small & Medium and Large Enterprise) and Regional Forecast, 2019-2026 About us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Phone: Photo: https://mma.prnewswire.com/media/1141249/Augmented_Reality_Market.jpg Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg
 
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