Augmented Reality Market Growing at a CAGR of 55.71% During 2017 to 2023 – ReportsnReports

PUNE, India, Jul 27, 2017 (PR Newswire Europe via COMTEX) — PUNE, India, July 27, 2017 /PRNewswire/ —

The augmented reality market was valued at USD 2.39 billion in 2016 and is expected to reach USD 61.39 billion by 2023, growing at a CAGR of 55.71% during the forecast period while Research Report covers top 25 Companies with their Competitive Strategies, Top Segments, Market Trends, Share, and Regional Outlook in near future and overall industry analysis.

Browse 156 tables and 74 figures, 25 Company profiles spread across 256 pages available at: http://www.reportsnreports.com/reports/434857-augmented-reality-market-by-component-sensor-display-software-display-type-head-mounted-head-up-handheld-spatial-application-aerospace-defense-consumer-commercial-and-geography-global-forecast-to-2020.html .

“Increasing demand for AR in retail and e-commerce is the major driver for the augmented reality market”

The augmented reality market was valued at USD 2.39 billion in 2016 and is expected to reach USD 61.39 billion by 2023, growing at a CAGR of 55.71% during the forecast period. The increasing demand for AR devices and applications in medical, increase in demand for AR in the retail and e-commerce, and rising investment in the augmented reality market are the major drivers for the augmented reality market. The limited UI (user interface) affecting the navigation performance of augmented reality applications, limited processing power, less storage, and restricted size of the memory card in mobile phones, and varied infrastructure quality of digital network will restrain the growth of AR.

The report also profiles the key players in the augmented reality market. These key players are Google, Inc. (US), PTC Inc. (U.S.), Microsoft Corporation (US), Wikitude GmbH (Austria), DAQRI LLC (US), Zugara, Inc. (US), Blippar (UK), Magic Leap, Inc. (US), and Osterhout Design Group (US).

The limited user interface (UI) is affecting the…

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