Augmented Reality in Retail Market Surges: Projected 44.7% CAGR Targets USD 69.07 Billion by 2029

Augmented Reality in Retail Market Report Scope and Research Methodology

The analyst concentrated on the key market trends that are likely to have an impact on new business investments and development in the Augmented Reality in Retail industry. New technology, new regulations, government investment, new uses, foreign entry, and other industry dynamics are examples of these trends. A detailed trend analysis is included in the study to assist clients in making informed decisions about their presence in the Augmented Reality in Retail market.

The Augmented Reality in Retail market research report contains exclusive key statistics, facts, information, trends, and competitive landscape insights. It examines the current state of the Augmented Reality in Retail market and projects where it will be in 2029. The report will most likely include company profiles, capacity, production, price, cost, revenue, and contact information for the world’s leading Augmented Reality in Retail manufacturers. The global and regional Augmented Reality in Retail market sizes were estimated using the bottom-up approach.

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Augmented Reality in Retail Market Regional Insights

The report includes a detailed analysis of market dynamics, market size and market share in all the regions and their countries mentioned below:

  1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  3. North America (the United States, Mexico, and Canada.)
  4. South America (Brazil etc.)
  5. The Middle East and Africa (GCC Countries and Egypt.)

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Augmented Reality in Retail Market Segmentation

Based on Device Type, the handheld device segment held the largest market share of more than 60% and dominated the global Augmented Reality in Retail market in 2022. The segment is further expected to grow at a CAGR of 44.9% and maintain its dominance during the forecast period. The rising demand for various Augmented Reality in Retail applications designed to accelerate and streamline business processes using cutting-edge accessibility, portability, and familiarity are expected to be the major factors driving the segment growth. In addition, AR is used for various experiences in retail, such as virtual try-ons, product visualization, interactive displays, and information access through smartphones and tablets are further expected to boost the segment growth. As businesses increasingly rely on technology to remain competitive and efficient, the handheld device of Augmented Reality in Retail segment continues to dominate the Augmented Reality in Retail market and shape the way organizations operate in the digital age.

by Component

Semiconductor Components
Displays and Projectors
Software & Services

by Device Type

Head Mounted Display
Smart AR Mirror
Handheld Device

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Augmented Reality in Retail Market Key Players include:

1. Google
2. Microsoft Corporation
3. Blippar Group Limited
4. PTC
6. Total Immersion
8. Imaginate Technologies
9. Inter IKEA Systems B.V.
10. Kudan
11. Augment
12. Holition Ltd.
13., Inc
14. Wikitude
15. Marxent Labs

About Maximize Market Research:

Maximize Market Research is a market research and consulting firm with professionals from various industries. Medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems are among the industries we cover. We offer market-verified industry estimates, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies, to name a few.

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