(Entertainment-NewsWire.com, October 11, 2018 ) Augmented Reality and Virtual Reality to 2025 - Global Analysis and Forecast by Technology, Components, and End-user Industry, the AR and VR market is estimated to reach US$ 130.01 Bn by 2025 from US$ 4.25 Bn in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. Advancements in Software Coupled with Rising Demand for AR and VR Applications in APAC Region to Up Surge Augmented Reality and Virtual Reality Market at a CAGR of 41.2%.
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The report profiles key players such as Microsoft Corporation, Oculus VR LLC, Vuzix Corporation, DAQRI LLC, Marxent Labs LLC, Blippar, Total Immersion, EON Reality, Inc. Innovega, Inc., Augmented Pixels Inc., and Catchoom among others.
Since the past decade, computer technology has been diversified into many innovative verticals. This has changed the way of thinking, interacting and decision making of every individual. The recent advancements such as internet of things (IoT), cloud computing, 3D printing, automation, advanced communication systems, artificial intelligence (AI), Big Data, augmented and virtual reality and many others are the driving factors influencing the change in dynamics from living to running a business. In recent times, they are trending into many other applications to offer vivid experience to the consumers. Companies are using these technologies to attract customers and provide them with more features in buying or decision making experience.
Though the AR and VR technologies are in the market since a decade, currently they have limited applications and major ones include entertainment, education and gaming. The number of consumers being catered are minimum in number, as AR and VR are still in the emerging phase and have limited reach to different requirements of the customers or enterprises. The market is expected to bloom and venture into many other applications areas, however, creating awareness among the target segment poses a challenge and needs to be addressed.
Augmented Reality (AR) and Virtual Reality (VR) to 2025 - Global Analysis and Forecast by Technology, Components, and End-user Industry, the AR and VR market is estimated to reach US$ 130.01 Bn by 2025 from US$ 4.25 Bn in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. Advancements in Software Coupled with Rising Demand for AR and VR Applications in APAC Region to Up Surge Augmented Reality and Virtual Reality Market at a CAGR of 41.2%.
Table of Content:
1. Introduction
2. The Insight Partners Research Report Guidance
3 Key Takeaways
4 Global Augmented Reality (AR) and Virtual Reality (VR) Market Landscape
4.1 Overview
4.2 Market Segmentation
4.2.1 Augmented Reality and Virtual Reality Market - By Technology
4.2.2 Augmented Reality and Virtual Reality Market - By Components
4.2.3 Augmented Reality and Virtual Reality Market - By End-User Industry
4.2.4 Augmented Reality and Virtual Reality Market - By Geography
4.3 Value Chain Analysis
5 Global Augmented Reality (AR) and Virtual Reality (VR) Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Smartphone and Tablet Market will pave the path for Augmented Reality
5.1.2 Retail and Shopping Applications are Expected to Upsurge the Demand for AR and VR
5.1.3 Big Data Visualization to Drive AR and VR Market
5.2 Key Market Restraints
5.2.1 Low Consumer Awareness and Expensive AR and VR Deployment
5.2.2 Legal Issues May Hinder Augmented Reality Market
