Market Research Report
Augmented Reality (AR) in Insurance - Thematic Research
|Augmented Reality (AR) in Insurance - Thematic Research|
Published: March 28, 2022
Content info: 55 Pages
Delivery time: 1-2 business days
This report provides an overview of the AR value chain, case studies of AR deployments in insurance, as well as market size and growth forecasts. It also discusses specialist AR vendors for insurance companies and provides analysis of the insurance companies leading the way in AR adoption.
Augmented reality (AR) is a technology that allows the user to see the real world overlaid with digital data. Worth nearly $7 billion in 2020, the global AR market will generate revenues of $152 billion by 2030 according to GlobalData forecasts. Enterprise AR will drive 65% of this revenue. The insurance industry is already adopting AR technology like smart glasses to deliver risk visualization to estimate damage. AR was key to supporting insurers' remote operations during COVID-19. AR can also be a valuable tool for incumbent traditional insurers to fend off insurtech competition.