Augmented Reality (AR) and Virtual Reality (VR) Market to grow by USD 162.71 billion, Driven by Increasing Demand for AR & VR Technology - Technavio
NEW YORK, July 27, 2022 /PRNewswire/ -- The augmented reality (AR) and virtual reality (VR) market size is expected to grow by USD 162.71 billion, progressing a CAGR of 46 % from 2020 to 2025, according to Technavio's latest market report. Technavio categorizes the global AR and VR market as a part of the global application software market within the global IT software market. The parent global IT software market covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. The global application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the augmented reality (AR) and virtual reality (VR) market during the forecast period.
- Augmented Reality (AR) And Virtual Reality (VR) Market: Segmentation Analysis
Technavio report extensively coversaugmented reality (AR) and virtual reality (VR) marketsegmented by technology (AR and VR) and geography (North America, APAC, Europe, MEA, and South America). - Augmented Reality (AR) And Virtual Reality (VR) Market: Major Growth Drivers
The augmented reality (AR) and virtual reality (VR) markets report the following factors as major growth drivers during the forecast period:
For elaborated information on the drivers along with the market challenges - Click Now! - Augmented Reality (AR) And Virtual Reality (VR) Market: Vendor Analysis
The augmented reality (AR) and virtual reality (VR) market is fragmented and the vendors are deployingorganic and inorganic growth strategiesto compete in the market.The augmented reality (AR) and virtual reality (VR) market report also offers information on several market vendors, including Alphabet Inc., Facebook Inc., HP Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Snap Inc., Sony Corp., and Toshiba Corp. among others. - Get ready to achieve excellent business outcomes from this exclusive Augmented Reality (AR) And Virtual Reality (VR) Market report by Technavio.