Augmented Reality Software
Global Augmented Reality Software Market to Reach $1.2 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for Augmented Reality Software estimated at US$31.2 Billion in the year 2022, is projected to reach a revised size of US$1.2 Trillion by 2030, growing at aCAGR of 58.4% over the period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record 43.3% CAGR and reach US$158.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Consumer segment is readjusted to a revised 71.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.1 Billion, While China is Forecast to Grow at 55% CAGR
The Augmented Reality Software market in the U.S. is estimated at US$9.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$188.1 Billion by the year 2030 trailing a CAGR of 55% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 48.5% and 47.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 34% CAGR.
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