Augmented Reality in Retail Market is expected to reach USD 69.07 Billion by 2029 at a CAGR of 44.7 percentÂ

(IT-NEWSWIRE.COM, January 17, 2024 ) As per Maximize Market research, Augmented Reality in Retail Market was USD 5.20 Billion in 2022 and is expected to grow at a CAGR of 44.7 percent over the forecast period to reach USD 69.07 Billion by 2029.

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Augmented Reality in Retail Market Report Scope and Research Methodology

The Augmented Reality in Retail Market Report encompasses a comprehensive scope and employs a rigorous research methodology to provide valuable insights. The report aims to thoroughly analyze and present key aspects of the augmented reality market within the retail sector. The market size was estimated using a bottom-up approach.

Augmented Reality in Retail Market Dynamics

Augmented Reality (AR) in the retail market is influenced by various factors that shape its growth. Ongoing advancements in AR technology, such as improved hardware capabilities, enhanced visual rendering, and more sophisticated tracking systems, contribute to the continuous evolution of AR applications in the retail sector.

Augmented Reality in Retail Market Regional Insights

North America dominated the largest Augmented Reality in Retail Market share in the year 2022. The United States is poised to be a highly attractive region for global Augmented Reality in Retail market vendors, offering a diverse landscape that encompasses established tech giants and a thriving startup ecosystem.

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Augmented Reality in Retail Market Segmentation

By Component

Hardware

Software & Services

By Device Type

Head Mounted Display

Smart AR Mirror

Handheld Device

By Application

Information Systems

Advertising and Marketing

Try on Solutions

Planning and Designing

By Retail Type

Jewelry

Beauty and Cosmetics

Apparel Fitting

Furniture and Lighting

Grocery Shopping

Footwear

Others

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Augmented Reality in Retail's Key Competitors include

Google

Microsoft Corporation

Blippar Group Limited

PTC

DAQRI

Maximize Market Research is leading Information Technology and telecommunication research firm, has also published the following reports:

Virtual Reality Shopping Market- The market size is expected to reach USD 243.02 Bn. by 2029 at a CAGR of 28.2 percent during the forecast period.

Augmented Reality in BFSI Market- The Market size is expected to reach USD 3721.90 Mn. by 2029 at a CAGR of 24.6 percent during the forecast period.

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Augmented Reality in Retail Market is expected to reach USD 69.07 Billion by 2029 at a CAGR of 44.7 percentÂ