The research report "Augmented Reality Market Size By Component (Hardware, Software), By Display Device (Smart Glass, Head-Mounted Display, Head-Up Display), By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Taiwan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024", by Global Market Insights, Inc. says Augmented Reality Market size likely to grow at 80.8% CAGR from 2016 to 2024; impelled by rising demand in medical and automotive industry.
Increasing adoption across the e-commerce and retail space will spur the global augmented reality market demand over the forecast timeframe. The technology offers retailers the opportunity to enhance the overall shopping experience by bringing an image, product label or shopping window to life and greatly improves the degree of customer interaction with the products.
Retail brands are gradually turning to AR platforms to increase customer satisfaction, driving the augmented reality market size. For instance, Wayfair introduced AR technology that allow users to place full-scale 3D virtual models of products in settings. It helps users select images of decor or furniture from product catalogs and uses smartphones to position the objects in their room walls, ceiling, or floor. If you need any kind of information on this article related topic click here: Energy Management System
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