GCC Augmented and Virtual Reality Market: Key Finding, Latest Industry Trends, Growth Status, Revenue and Forecast to 2028

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on GCC Augmented and Virtual Reality Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

GCC Augmented and Virtual Reality Market Analysis and Size

The GCC Augmented and Virtual Reality market is projected to grow at a CAGR of around 39% during the forecast period, i.e., 2023-28.

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Some of the major players operating in the GCC Augmented and Virtual Reality Market are Sony Corporation, Lenovo, Autodesk Inc., HTC Corporation, Google, Barco, HP Development Company L.P., Microsoft, LG Electronics, Meta, Others.

GCC Augmented and Virtual Reality Market Growth Driver:

In GCC, the adoption of augmented & virtual reality is rising significantly across the gaming industry as game creators are utilizing this technology to create immersive gaming experiences. In addition, the popularity of games like Fortnite & Pokemon Go across countries like the UAE, Qatar, etc., has increased public awareness of the potential applications & advantages of the technology in other fields, including tourism, healthcare, and education.

Furthermore, due to the popularity of these technology-based games, there is now a desire for similar experiences across other industries as well. Hence, to achieve sharper visuals, quicker processing, and more lifelike experiences, this technology experienced a significant demand in the gaming industry across the GCC region.

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Market Segment and Geographical Analysis

By Technology

• AR technology:
  • Marker-based AR technology:
    • Active Marker
    • Passive Marker
  • Marker-less AR technology
    • Model-base Tracking
    • Image processing-based Tracking
    • Anchor-based AR
  • VR Technology
    • Non-immersive Technology
    • Semi-immersive and Fully-Immersive Technology

By Device Type

• AR Devices
  • Head Mounted Displays
    • AR Smart Glasses
    • Smart Helmets
  • Head-Up Displays
• VR Devices
  • Head Mounted Displays
  • Gesture Control Device
  • Projector and Display Wall

By Offering

• Hardware
  • Sensors
  • Semiconductor Components
  • Display and Projectors
  • Position Trackers
  • Cameras
  • Others
• Software
  • Software Development Kits
  • Cloud-based Services

By End User

• E-Commerce & Retail
• Industrial Manufacturing
• Energy
• Education
• Automotive
• Defence & Aerospace
• Healthcare
• Construction Industry
• Agriculture
• Gaming & Entertainment
• Others

By Country

• The UAE
• Saudi Arabia
• Qatar
• Kuwait
• Bahrain
• Oman

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