Mobile Augmented Reality Market is projected to grow from US$ 7.56 billion in 2020 to US$ 50.5 billion by 2029. Increasing adoption of tablets and smartphones, coupled with rising penetration of internet across the globe is driving the global mobile augmented reality market. Further, growing utilization of mobile augmented reality in e-commerce, marketing, education, medical, games and entertainment, and business application are propelling the global mobile augmented reality market.

The report "Global Mobile Augmented Reality Market, By Component (Hardware and Software), By Application (Smartphones, Tablets, and Others), By Verticals (Commercial, Medical, Aerospace and Defense, and Industrial), and Region - Global Forecast to 2029"

Key Highlights:

• In 2018, Google LLC launched ARCore Teases ‘Ghostbusters’ mobile augmented reality (AR) game.
• On 2018, British Broadcasting Corporation launched augmented reality app for Civilisations.

Key Market Insights from the report:          

The global mobile augmented reality market accounted for US$ .56 billion in 2020 and is projected to register a moderate CAGR of 23.5 % over the forecast period. The market report has been segmented on the basis of component, application, verticals, and region.

• By component, global mobile augmented reality market is segmented into hardware and software.
• By application, the global mobile augmented reality market is categorized into smartphones, tablets, and others.
• By verticals, the commercial segment is dominated in the global mobile augmented reality market. This is owing to augmented reality applications in e-commerce help retailers to provide digital information and 3D visualization of physical goods.
• By region, North America mobile augmented reality market is expected to account for major share in terms of revenue in the global mobile augmented reality market over the forecast period. This can be attributed to increasing investments in smart devices manufacturing, better mobile network infrastructure, and applications of augmented reality in gaming and entertainment industry in countries of the region. Asia Pacific mobile augmented reality market is expected to fastest growing market in the global mobile augmented reality market in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Mobile Augmented Reality Market”, By Component (Hardware and Software), By Application (Smartphones, Tablets, and Others), By Verticals (Commercial, Medical, Aerospace and Defense, and Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Mobile-Augmented-Reality-Market-726

The prominent player operating in the global mobile augmented reality market include Qualcomm Incorporated, SAP SE, Microsoft Corporation, Blippar.Com Ltd, Infinity Augmented Reality Ltd., Apple Inc., DAQR, Google LLC., Intel Corporation, and British Broadcasting Corporation.

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