Augmented Reality in BFSI Market to grow at a of CAGR of 24.6 percent and forecast (2023-2029)

(IT-NEWSWIRE.COM, June 01, 2023 ) The total global market for the “Augmented Reality in BFSI Market” was valued at USD 798.25 Mn in 2022 and is expected to grow at a CAGR of 24.6 percent over the forecast period to reach USD 3721.90 Mn by 2029.

Augmented Reality in BFSI Market Report Scope and Research Methodology

The report presents a strategic analysis of Augmented Reality in the BFSI Market, which includes market growth drivers, opportunities, and hindering factors. The data is gathered from primary and secondary research methodologies. SWOT analysis was used to determine the strength and weaknesses of Augmented Reality in the BFSI industry.

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Augmented Reality in BFSI Market Dynamics

Increasing demand for AR technologies, in BFSI is expected to boost the market growth. It enhances the end-user experience to provide real-time transaction details, which is expected to boost the Augmented Reality in BFSI market growth. The high investment cost is expected to restrain the Augmented Reality in BFSI market growth.

Augmented Reality in BFSI Market Regional Insights

North American region is expected to boost the Augmented Reality in BFSI market growth over the forecast period. The region has a huge financial industry with advanced technology, which is expected to boost the Augmented Reality in BFSI market growth.

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Augmented Reality in BFSI Market Segmentation

By Component

Hardware

Software

Services

By Type

On-Premise

Cloud

By Deployment Mode

APIs and SDKs

Application Delivery Networks (ADNs)

Content Delivery Networks (CDNs)

Customer Relationship Management (CRM)

Others

By Applications

Banks

Insurance Companies

Credit Unions

NBFCs

Augmented Reality in BFSI Key Players include:

Microsoft

Samsung

IBM

3rockAR

Google

Apple

PTC

Qualcomm

Unity Technologies

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

Augmented Reality in Healthcare Market- The Market size is expected to reach USD 3.94 Bn by 2029 at a CAGR of 8 percent during the forecast period.

Mobile Augmented Reality Market- The Market size is expected to reach USD 87.97 Bn by 2029 at a CAGR of 31.3 percent during the forecast period.

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Augmented Reality in BFSI Market to grow at a of CAGR of 24.6 percent and forecast (2023-2029)