1. Market Research
  2. > Information Technology
  3. > Virtual and Augmented Reality Market Trends
Augmented Reality in Retail Market by Offering, Device Type, Application, Retail Type And Geography - Global Forecast to 2023

Augmented Reality: Retail Market Forecast until 2023

  • July 2018
  • 154 pages
  • ID: 5472847
In this report:
The AR in retail market in Middle East and Africa for other retail types is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2023, at the highest CAGR of ##.##% between 2018 and 2023.
The AR in retail market in Canada & Mexico for furniture and lighting is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2023, at the highest CAGR of ##.##% between 2018 and 2023.

Summary

Table of Contents

Search Inside

Rised online shopping has instilled interest in retailers to embrace AR-major driving factor for augmented reality in retail market

The augmented reality in retail market is anticipated to be $1155.80M in 2018 and is projected to extend $7951.20M by 2023, at a compound annual growth rate (CAGR) of 47.1% during the forecast horizon. Growing online shopping encourages retailers to take AR, growing smartphone penetration, and increasing adoption of connected devices are the main factors driving the rise of the augmented reality in retail market. The lack of compatibility, interoperability, privacy, and security concerns combined with the use of AR restrain the increase of the AR in retail market.

Augmented reality in retail market for head-mounted displays to grow at high rate during projection period

With advancements in computing, AR-enabled devices can be used for client, commercial, and enterprise applications.In the retail market, smart glasses are anticipated to be used on a big scale for the workforce and sales management purposes.

Go Instore, a service provider of online video commerce, partnered with retail companies to offer online video support using AR technology.The technology specified by the company benefits remote shoppers to connect with the in-store experts in real time.

The experts at the store use AR glasses to get the real-time information on the call and address queries or grievances of remote shoppers.

Augmented reality in retail market for planning and designing application to lead the sector during forecast horizon

Planning and designing application is used in retail types including furniture and lighting, automotive interior, and paint.The planning and designing application helps in placing a product virtually at a desired place.

Furniture and lighting is the main retail type in the planning and designing application.AR is increasingly being used by furniture retailers to help consumers visualize the select products at their desired place.

This helps clients to acquire furniture and relevant stuff according to their home or office spaces.

APAC to witness high rise because North America (NA) to lead the global AR in Retail market during projection period

Increasing consumer and commercial sectors with rising investments in countries including Japan and China (CN) would boost the increase of the AR in retail market in Asia-Pac.E-commerce is becoming a main area of focus for retailers in Asia-Pacific, where China (CN) is becoming the biggest e-commerce market global.

In 2018, North America continent is forecasted to hold the biggest market, with maximum revenue generated from AR in retail applications.The AR in retail market is expected to grow considerably in the subsequent years in this area.

The US homes a few main retail markets across the globe, with the apparel industry being the biggest; it is 50.0 percent larger than the retail market in China (CN). The 12 main US retailers hold one-third of the market share across the globe; this further drives the AR in retail market in North America (NA).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main experts in the AR sector.

The breakup of the profiles of primary members taking part has been shown below:

• By Company category: Tier 1 = 35.0 percent, Tier 2 = 45.0 percent, and Tier 3 = 20.0 percent

• By Description: C-suite executives = 35.0 percent, Directors = 25.0 percent, and Others = 40.0 percent

• By Area: North America continent = 45.0 percent, Europe (EU) = 20.0 percent, Asia-Pac = 30.0 percent, and RoW = 5.0 percent

Top actors in the augmented reality in retail market are Google, PTC, Apple, Microsoft, Wikitude, DAQRI, Zugara, Blippar, Marxent Labs, Augment, and ViewAR.The other actors decribed in the industry report contain Holition, Ikea, Sephora, Amazon, Imaginate Technologies, Kudan, Total Immersion, and INDE.

The start-up ecosystem includes Ads Reality, XZIMG, VisionStar Information Technology, Zappar, and Obsess.

Segment Research

This research classifies the augmented reality in retail market based on device type, offering, retail type, application, and area. The study also considers main drivers, industry restraints, opportunities, and possibilities for the industry.

Reasons to Buy the Report

The analysis would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the augmented reality in retail market comprehensively and offers the closest industry size estimation for main sectors across several areas.

2. The market research would benefit partners distinguish the pulse of the sector and offer them with the info on drivers, market restraints, opportunities, and alternatives for the sector.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape, launches of new product and advancements, alliances, fund raising, and acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Future of Global Digital Reality Market, Forecast to 2021

Future of Global Digital Reality Market, Forecast to 2021

  • $ 6000
  • Industry report
  • August 2018
  • by Frost & Sullivan

Emerging Applications of Augmented Reality/Virtual Reality Will Create Market Revenue of $55.01 Billion by 2021The immersive technology market, including augmented and virtual reality, is expected to see ...

Virtual and Augmented Reality: Technologies and Global Markets

Virtual and Augmented Reality: Technologies and Global Markets

  • $ 5500
  • Industry report
  • July 2018
  • by BCC Research

Report ScopeThe scope of this study includes market information on virtual and augmented reality technologies and their key segments, including components, technologies, sectors and regions. It includes ...

Future of 3Rs: Impact of Visualization Technologies in Manufacturing

Future of 3Rs: Impact of Visualization Technologies in Manufacturing

  • $ 4950
  • Industry report
  • September 2018
  • by Frost & Sullivan

Virtual Reality, Augmented Reality and Mixed Reality Create New Opportunities in the Manufacturing SectorAdvancements in virtual reality, augmented reality, and mixed reality technologies improving human ...

Gesture Control Interfaces $ 4500 August 2018


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on