In its Mobile Augmented Reality Market report, Future Market Insights concluded that significant growth in the area can be expected as the COVID-19 pandemic encourages more interest in virtual experiences. Specifically, the report suggests that the mobile AR market will grow 6%-8% by the third quarter of this year, and that by 2030, it will reach $24 billion.
Further, advances in video games and video entertainment as well as the increase in popularity of e-commerce and retail will also contribute to the growth of the AR market, according to the report.
