The Report “Augmented Reality and Virtual Reality Market to 2025 – Global Analysis and Forecasts by Technology (Augmented Reality and Virtual Reality), Components (Sensors and Semiconductor Components) and End-user Industries (Retail, Entertainment, Education, Automotive, Medical, Real Estate and Others)" include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The Augmented Reality and Virtual Reality market is estimated to reach US$ 130.01 Bn by 2025 from US$ 4.25 Bn in 2015.
Since the past decade, computer technology has been diversified into many innovative verticals. This has led to a revolution of the way of interacting and thinking of individuals. Some of the key trends in technology such as Big Data, artificial intelligence (AI), internet of things (IoT), 3D printing, cloud computing, home automation, communication systems, and augmented and virtual reality among others are key influencing factors and game changing trends for new businesses. 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.
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The market has been broadly classified into two technologies: augmented reality and virtual reality. Currently, virtual reality is leading the market with high adoption rate among the entertainment and in the gaming industries. The virtual reality segment leads...