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Augmented & Virtual Reality Software & Service Market to Pave a Way to New Avenues

The global augmented and virtual reality software services market is projected to grow strongly during the forecast period 2018-2023.

HYDERABAD, TELANGANA, INDIA, September 12, 2018 / -- The global augmented and virtual reality software services market is projected to grow strongly during the forecast period 2018-2023. The market is witnessing some trends, such as growing investments innovation in technology via cloud applications triggering huge market share in the global market. These trends will help dragging in more technology players with huge investments.

Although there are huge investments being made into these AR&VR software services, it is no surprise to find out that developing this technology is expensive and time-consuming. Public acceptance has been one of the major concerns for the market to introduce its AR & VR software. Limited software capabilities, unsatisfactory experience and edgy architecture of software result in a declining demand for software from people.

Briefly speaking, the AR & VR software service is relatively a new technology which is bound to take time for people to accept. This is why the investors of AR & VR keep long term vision, as short term Return on Investment (RoI) is unlikely to be obtained. Software issues, such as interoperability are also yet to be answered as this architecture doesn’t support the integration of social media with AR browsing.

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Just like any other technology in the market, AR & VR software also have disadvantages. Data hacks, being one of them is invading the privacy of individuals to get control over them, through their behavior when they are connected to virtual environments. It also hampers individual routine behavior of communicating with the real world when they experience the world from through augmented and virtual reality gadgets.
The demand for AR applications in education and e-retailing owing to their advantages, such as easy learning for the students and attractive promotions, is driving the AR & VR software services market. With the advent of various techniques in online marketing and e-commerce, the AR & VR software services market is being boosted with digitalization.

Tech giants like Apple and Google launched the platforms ARKit and ARCore respectively to innovate the world of AR & VR in a different way. This has led the market to find opportunities to growth by designing powerful frameworks for AR & VR software applications. Ecommerce, marketing, gaming, businesses and education are the major areas in need of AR & VR software to facilitate remote participation in learning & development.

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AR & VR software being extremely expensive and complex to develop, have been recently commercialized making consumers aware of the benefits of their usage. It is anticipated to be one of the mainstream technologies in the coming years. With the existence of more advanced systems, such as the Oculus Rift integrated with 360 cameras, AR & VR will pave a way to new avenues in life.

Augmented Reality and Virtual Reality Software and Services market report is segmented as indicated below:
1. AR & VR Software & Service – By Type
1.1. Introduction
1.2. Augmented Reality Software
1.2.1. Open Source
1.2.2. Proprietary
1.3. Virtual Reality Software
1.3.1. Open Source
1.3.2. Proprietary
1.4. Augmented Reality Services
1.5. Virtual Reality Services

2. AR & VR Software & Service – By Application
2.1. Introduction
2.2. Education
2.3. Sport
2.4. Military
2.5. Medical
2.6. Hospitality
2.7. Fashion
2.8. Gaming
2.8.1. Hybrid
2.8.2. Fully Interactive
2.9. Business
2.10. Others

3. AR & VR Software & Service – By Payment
3.1. Freeware
3.2. Freemium
3.3. One-time
3.4. Subscription
3.5. Others

4. AR & VR Software & Services – By Market Entropy
5. AR & VR Software & Services – By Geography

Companies Cited/Interviewed/Referenced
Wikitude GmbH
Company 10+

Related Reports:

A. Augmented Reality and Virtual Reality market for gaming industry

B. Augmented Reality and Virtual Reality market for Entertainment Industry

What can you expect from the report?
The Augmented & Virtual Reality Software & Service Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis ( By Revenue & Volume )
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC publish country, or application based reports in Augmented & Virtual Reality Software & Service Market?
Response: Yes, we do have separate reports and database as mentioned below:

1. North America Augmented & Virtual Reality Software & Service Market (2018-2023)
2. South America Augmented & Virtual Reality Software & Service Market (2018-2023)
3. Europe Augmented & Virtual Reality Software & Service Market (2018-2023)
4. Asia Pacific Augmented & Virtual Reality Software & Service Market (2018-2023)
5. Middle East and Africa Augmented & Virtual Reality Software & Service Market (2018-2023)
6. Open Source Augmented & Virtual Reality Software & Service Market (2018-2023)
7. Medical Market in Augmented & Virtual Reality Software & Service Market (2018-2023)

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