GCC Augmented and Virtual Reality Market Trend, Size, Share, Trends, Growth, Report and Forecast 2023-2028

MarkNtel Advisors recently published a report, titled, " 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], As per as the report 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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Market Dynamics

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.

Leading Companies in GCC Augmented and Virtual Reality Market:

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 Segmentation:

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

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By Country

-The UAE

-Saudi Arabia

-Qatar

-Kuwait

-Bahrain

-Oman.

Key questions answered in the GCC Augmented and Virtual Reality Market are:

What is GCC Augmented and Virtual Reality Market?
What was the market size in 2023?
What is the growth rate of the GCC Augmented and Virtual Reality Market?
Which are the factors expected to drive the market growth?
What are the different segments of the GCC Augmented and Virtual Reality Market?
What segments are covered in the Market?
Who are the key players in the GCC Augmented and Virtual Reality Market?

About Us

MarkNtel Advisors is a leading market research company, 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.