Augmented Shopping Market Share 2020, Size, Trend, Worth Analysis Report & Research 2027
Augmented shopping allows customers to engage and interact with brands and products via digital experiences that will enable them to try out virtually, and customize their products. Digital platform provide more detailed product or band information than standard web experiences. Increase in smart phone penetration has become significant sources for implementing augmented technology to offer customers with an improved shopping experience.
The increase in
importance of augmented reality in the retail industry as it is helpful to
increase the perceived value of brands and product and improves product sales
which are expected to boost the global augmented shopping market growth.
Furthermore, increase in need for a virtual demonstration of products and
enhance enterprise brand awareness to reach consumers will positively influence
the market growth. More customer satisfaction and significant customer
experience are some driving factors which helps retailers to increase brand
sales.
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Also, change in customer
preferences and increase in social awareness and transforming retail industry
will fuel the global augmented shopping market growth over the forecast period.
Moreover, increase in technological advancements and increase in investment by
key players in the retail sector will drive the market growth. In addition to
that, rise in adoption of smartphones and growing e-commerce will propel the
global augmented market growth.
The
security and privacy issues associated with augmented shopping are the major
challenging factor which expected to hinder the global augmented shopping
market growth. Also, overcoming social challenges to increase adoption rate is
another challenging factor which is expected to affect the market growth during
this analysis period.
Augmented Shopping Market
Segmentation
Global
Augmented Shopping Market is segmented into component such as Solutions, and
Services. Further, market is segmented into application such as Automotive,
Home Goods & Furniture, Beauty & Cosmetics, Apparel Fittings, Grocery
Shopping, Footwear, and Others.
Also,
Global Augmented Shopping Market is segmented into five regions such as North
America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market
key Players
Various key players are discussed in this
report such as Apple Inc., Blippar Ltd, Google LLC, Holition Ltd., Imaginate
Technologies, Marxent Labs LLC, Microsoft, PTC, ViewAR GmbH, and Wikitude GmbH.
Market
Segmentation
By
Component
- Solutions
- Services
By
Application
- Automotive
- Home Goods
& Furniture
- Beauty &
Cosmetics
- Apparel
Fittings
- Grocery
Shopping
- Footwear
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
& Africa
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