Scope of the Study
AR training simulator software are intended to train users for a certain role in a partially virtual environment. Trainees utilize the augmented reality in these solutions to learn the vital skills needed for a new job. These differ from virtual reality training simulators, as the latter provides training simulations to users in a completely immersive, virtual environment. By integrating 3D images into the real world using a phone or other mobile device with a camera, AR training simulators replicate real-life situations, which makes the learning experience more retainable and engaging.
The market study is being classified and major geographies with country level break-up.
Amazon Web Services (United States), PTC (United States), Inglobe Technologies (Italy), Mimic Technologies, Inc. (United States), Imaginate (United States), SimX Inc (United States), Upskill (United States), PALEBLUE (United States), Optech4D (United States) and Proximie (united States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Simlabs Software LLP (India) and Humai Technologies (Austria).
The global augmented reality software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.The Players having a strong hold in the market are Amazon Web Services, PTC, Inglobe Technologies, and Mimic Technologies, Inc.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global AR Training Simulator Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global AR Training Simulator Software market by Type, Application and Region.
On the basis of geography, the market of AR Training Simulator Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for AI-Based Applications
- Growing Interest of the Large Tech Companies in AR Training Simulation
- Rising in Training and Skill Development by Various Companies to Train Employees for Certain Jobs
- High Adoption Of 3D visualization In Medical Sector
- Upsurging Demand from AI-based Applications in Retail and E-commerce Sector
- Limited User Interface (UI) Affecting the Navigation Performance of AR Applications
- Rising Expenditure in Training Simulation Technology
- Technological Advancement and Development in the AR and Rising Adoption of the AI Technology
- Low Adoption Rate due to Privacy Issues and Complexities in the Design
- Lack of Skilled Working Professionals
Market Leaders and their expansionary development strategies
On 10th December 2019, PTC has announced a strategic alliance with Magic Leap that will allow enterprise and industrial customers to combine the augmented reality (AR) capabilities of its market-leading Vuforia Engine solution with the powerful Magic Leap 1 wearable headset.
Key Target AudienceAR Training Simulator Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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