- Global Augmented Reality Market to grow at 132.2 percent during 2014-2018
According to the latest research findings by the independent London-based global research firm TechNavio, Consumer Application Segment is the highest revenue contributor to the Global Augmented Reality Market. The findings are for the period 2014-2018.
As per research analysis, the Consumer Application segment will be growing at a CAGR of 140.6 percent during the forecast period. The revenue contribution from this segment to the Global Augmented Reality market will be increasing during the forecast period, mainly because of its increasing adoption of Gaming, e-learning, GPS, online advertisements, and others.
The Industrial Application segment, which includes operations in sectors such as Defense, Healthcare, Manufacturing, and Maintenance, will be declining during the forecast period due to lack of awareness as well as the lack of acceptance due to the high cost of augmented reality technology.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “In 2013, the Americas were the largest revenue contributor to the Global Augmented Reality market followed by the EMEA region and the APAC region. The revenue contribution from the Americas and APAC region will be increasing during the forecast period, due to the high adoption of HUDs and HMDs for defense operations and for aviation. The increasing technological advancement and adoption of mobile computing devices in the Americas will be another major factor leading to the high revenue contribution from this region.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Augmented Reality Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Augmented Reality Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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