Mobile Augmented Reality Market Size, Growth Drivers, SWOT Analysis 2025
The Mobile Augmented Reality Market is projected to grow from USD 7.6 billion in 2020 to USD 29.5 billion by 2025; it is expected to grow at a CAGR of 31.1% from 2020 to 2025. Augmented reality is revolutionizing the way we see things, with one of the recent examples being the Pokemon GO game, which is a location-based augmented reality mobile game, and it is spreading like wildfire across the globe. With the development of this technology and more and more applications, the shift to the use of mobile in AR applications is expected to bring in winds of change in the digital world in the near future. Mobile AR market is predicted to expand tremendously over the coming years, majorly driven by the huge demand and usage of smartphones and other smart devices, the reason being that they offer quick and portable access to AR apps, thus enriching AR experiences. Among verticals, the commercial segment held the largest market share in 2015, followed by the consumer segment. The commercial