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Research report explores the global augmented reality software market

IT Market Research

Global Augmented Reality Software Market 2017- Research Report

According to the new research report "Augmented Reality Software Market by Software Function (Remote Collaboration, Workflow Optimization), Vertical (Consumer, Commercial, Enterprise, Medical, Aerospace & Defense, Mining, Telecom & IT/Data Centers), and Geography - Global Forecast to 2022", published by KMI, this market is expected to grow from USD 2.13 Billion in 2016 to USD 35.22 Billion by 2022, at a CAGR of 57.36% between 2016 and 2022.

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This Augmented Reality Software market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors.

Business strategies of the key players and the new entering market industries are studied in detail.

Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

The growing interest of large tech companies in AR, increasing demand for AR-based software applications for 3D visualization in the medical sector, and increase in the demand for AR in the e-commerce and retail sectors are the major drivers for the augmented reality software market.

The consumer vertical includes applications such as games, sports, and entertainment. The demand for the use of augmented reality technology is very high in these applications owing to the rich user experience offered by the AR technology.

The high demand generated from these applications in the consumer vertical is also a major driver for the growth of this market.

The augmented reality software market is expected to advance rapidly in this region owing to the rapid adoption of new technology, extensive research and development (R&D), and the presence of several companies in this region. The use of augmented reality software in various applications, especially wearable electronics, would help drive the growth of the augmented reality software market.

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