Global Augmented Reality Software and Services Market Report 2022 – Market Forecast, Trends And Strategies

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%.

What is the Global Augmented Reality Software and Services Market?

The augmented reality (AR) software and services market consists of sales of augmented reality software and services by entities that provide augmented reality software to consumers. Augmented reality is the integration of digital information with the users real time environment.

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What drives the Global Augmented Reality Software and Services Market?

Augmented reality (AR) is increasingly used in various fields such as amusements, retail, entertainment, and medicine. In medicine, the practice of using AR software for surgery, and diagnosis has increased in recent years as it improves precision during operations, reduces medical errors, and gives doctors and patients a better understanding of complex medical problems. For instance, the surgeons and doctors at the Imperial College and St. Mary’s Hospital in London, have started practicing this method by using Microsoft’s HoloLens AR glasses during reconstructive surgery on patients who have suffered severe injuries. Earlier, handheld scanners were used to locate major blood vessels near the wound, making the surgery difficult. Increase in use of AR in various fields drives the augmented reality software and services market.

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Global Augmented Reality Software and Services Market Segments
The global AR software and services market is segmented:
By Software Function: Remote Collaboration, Workflow Optimization, Visualization, Documentation, 3D Modelling, Navigation, Others
By Vertical: Aerospace and Defense, Medical, Commercial, Oil and Gas, Mining, Telecom, IT/Data Centers, Enterprise, Consumer, Others
By End-User Type: Commercial, Consumer
By Geography: The regions covered in the augmented reality software and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Augmented Reality Software and Services Global Market Report 2022provides market size and growth forecasts for the global AR software and services market, global augmented reality software and services market share, augmented reality software and services market segments and geographies, AR ty software and services market competitive landscape including leading competitors’ revenues, profiles and market shares. The AR software and services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Augmented Reality Software and Services Industry Playersinclude Wikitude GmbH, Daqri, Zugara, Upskill, Aurasma, Augmate Corporation, PTC Inc., Catchoom Technologies, Ubimax GmbH, Marxent Labs, Inglobe Technologies, Qualcomm, HP, Total Immersion, Atheer, Inc., Mozilla, Google, Pixar, Facebook, Amazon, IKEA, BMW, Pristine Inc., Infinity Augmented Reality, Jbknowledge, Inc., Magic Leap, Inc., Mortar Studios and Viewar GmbH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.