According to the latest market research report title “GCC Augmented and Virtual Reality Market By Technology (AR technology:, [Marker-based AR technology:, Marker-less AR technology, VR Technology, [Non-immersive Technology, Semi-immersive and Fully-Immersive Technology]), By Device Type (AR Devices, VR Devices), 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)–Forecast to 2028″, published by MarkNtel Advisors, 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.
In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Key Driver: Wide Adoption of AR & VR in Gaming
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.
GCC Augmented and Virtual Reality Market Segmentation
The GCC Augmented and Virtual Reality Market is highly robust and fragmented into numerous segments;
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 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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Key Players Operating in the GCC Augmented and Virtual Reality Market: –
-Sony Corporation
-Lenovo
-Autodesk Inc.
-HTC Corporation
-Barco
-HP Development Company L.P.
-Microsoft
-LG Electronics
-Meta
-Others
Key Questions Answered:
- What is the projected CAGR of the GCC Augmented and Virtual Reality Market during the forecast period?
- Which segment is expected to lead the GCC Augmented and Virtual Reality Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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