Augmented Reality in Retail Market Size Hit USD 18.05 Billion at a CAGR of 44.8% in 2027
Growth of e-commerce is a significant factor influencing growth of the market. Market Size – USD 919.0 Million in 2019, Market Growth – at a CAGR of 44.8%, Market Trends –Rising deployment or connected devices in retail stores The global augmented reality in retail market is forecast to reach a market size of USD 18.05 Billion by 2027, and register a significantly high CAGR over the next seven years, according to a new report by Reports and Data. Growing demand for augmented reality in retail can be attributed to increasing growth of the e-Commerce industry. The e-Commerce industry is witnessing rapid growth owing to high Internet speed, increasing smartphone penetration, easy accessibility to such platforms, convenience for customers to shop from any place and at any time, and others. Augmented reality enables e-Commerce customers to virtually experience the products while shopping, which helps to build brand engagement. For instance, “See It In Your Space” and “Try Before You B