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$125 Billion Growth in Global Augmented Reality (AR) and Virtual Reality (VR) Market 2020-2024 | APAC to Emerge as Major Market | Technavio | Business


LONDON–(BUSINESS WIRE)–Feb 2, 2021–

The worldwide augmented actuality (AR) and digital actuality (VR) market measurement is predicted to develop by USD 125.19 billion throughout 2020-2024, progressing at a CAGR of over 35% in the course of the forecast interval.

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Technavio has introduced its newest market analysis report titled World Augmented Actuality (AR) and Digital Actuality (VR) Market 2020-2024 (Graphic: Enterprise Wire)

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The rising demand for AR and VR know-how is without doubt one of the main elements propelling the market development. Nevertheless, elements such because the excessive improvement prices related to AR and VR apps may hamper development.

Extra particulars: www.technavio.com/report/augmented-reality-and-virtual-reality-market-industry-analysis

World Augmented Actuality (AR) And Digital Actuality (VR) Market: Expertise

Based mostly on the know-how, the market noticed most development within the augmented actuality section in 2019. Elements corresponding to new product ({hardware} and software program) launches, rising adoption of AR in several software areas, and rising funding and investments in AR know-how are fueling the expansion of the section. Market development on this section will probably be important over the forecast interval.

World Augmented Actuality (AR) And Digital Actuality (VR) Market: Geographic Panorama

APAC dominated the market with a 37% share in 2019. Elements such because the presence of key distributors, the rising gaming {industry} in Asia, particularly in Japan, China, and India, and rising investments in AR and VR applied sciences in several fields are driving the expansion of the AR and VR market in APAC. China and Japan are the important thing markets for the augmented actuality and digital actuality market in APAC.

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Associated Reviews on Info Expertise Embody:

World Cell Augmented Actuality Market – World cell augmented actuality market is segmented by end-user (enterprise and shopper), software (advertising and marketing and commercial, gaming and leisure, training and studying, journey and tourism, and others), and geography (North America, Europe, APAC, MEA, and South America). Click on Right here to Get an Unique Free Pattern Report

World Heads-up Show (HUD) Market – World heads-up-display market is segmented by end-user (aviation, automotive, and others) and geography (APAC, Europe, MEA, North America, and South America). Click on Right here to Get an Unique Free Pattern Report

Firms Lined

  • Alphabet Inc.
  • DAQRI LLC
  • Fb Inc.
  • HP Inc.
  • HTC Corp.
  • Magic Leap Inc.
  • Microsoft Corp.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.
  • Toshiba Corp. 

What our studies provide:

  • Market share assessments for the regional and country-level segments
  • Strategic suggestions for the brand new entrants
  • Covers market information for 2020, 2021, until 2025
  • Market traits (drivers, alternatives, threats, challenges, funding alternatives, and proposals)
  • Strategic suggestions in key enterprise segments primarily based in the marketplace estimations
  • Aggressive landscaping mapping the important thing frequent traits
  • Firm profiling with detailed methods, financials, and up to date developments
  • Provide chain traits mapping the newest technological developments

Technavio suggests three forecast eventualities (optimistic, possible, and pessimistic) contemplating the affect of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis studies.

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Augmented Actuality (AR) And Digital Actuality (VR) Market 2020-2024: Key Highlights

  • CAGR of the market in the course of the forecast interval 2020-2024
  • Detailed info on elements that can help in augmented actuality (AR) and digital actuality (VR) market development in the course of the subsequent 5 years
  • Estimation of the augmented actuality (AR) and digital actuality (VR) market measurement and its contribution to the mother or father market
  • Predictions on upcoming traits and modifications in shopper habits
  • The expansion of the augmented actuality (AR) and digital actuality (VR) market
  • Evaluation of the market’s aggressive panorama and detailed info on distributors
  • Complete particulars of things that can problem the expansion of augmented actuality (AR) and digital actuality (VR) market distributors

Desk of Contents:

Government Abstract

Market Panorama

  • Market ecosystem
  • Worth chain evaluation

Market Sizing

  • Market definition
  • Market section evaluation
  • Market measurement 2019
  • Market outlook: Forecast for 2019 – 2024

5 Forces Evaluation

  • 5 forces abstract
  • Bargaining energy of consumers
  • Bargaining energy of suppliers
  • Risk of recent entrants
  • Risk of substitutes
  • Risk of rivalry
  • Market situation

Market Segmentation by Expertise

  • Market segments
  • Comparability by Expertise
  • AR – Market measurement and forecast 2019-2024
  • VR – Market measurement and forecast 2019-2024
  • Market alternative by Expertise

Buyer panorama

Geographic Panorama

  • Geographic segmentation
  • Geographic comparability
  • North America – Market measurement and forecast 2019-2024
  • APAC – Market measurement and forecast 2019-2024
  • Europe – Market measurement and forecast 2019-2024
  • MEA – Market measurement and forecast 2019-2024
  • South America – Market measurement and forecast 2019-2024
  • Key main nations
  • Market alternative by geography
  • Market drivers
  • Quantity driver – Demand led development
  • Quantity driver – Provide led development
  • Quantity driver – Exterior elements
  • Market challenges
  • Market traits

Vendor Panorama

  • Overview
  • Vendor Panorama
  • Panorama disruption

Vendor Evaluation

  • Distributors lined
  • Market positioning of distributors
  • Alphabet Inc.
  • DAQRI LLC
  • Fb Inc.
  • HP Inc.
  • HTC Corp.
  • Magic Leap Inc.
  • Microsoft Corp.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.
  • Toshiba Corp.

Appendix

  • Scope of the report
  • Foreign money conversion charges for US$
  • Analysis methodology
  • Listing of abbreviations

About Us

Technavio is a number one international know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and gives actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 studies and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to determine alternatives in present and potential markets and assess their aggressive positions inside altering market eventualities.

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KEYWORD:

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY HARDWARE OTHER TECHNOLOGY

SOURCE: Technavio Analysis

Copyright Enterprise Wire 2021.

PUB: 02/02/2021 04:21 PM/DISC: 02/02/2021 04:22 PM

http://www.businesswire.com/information/dwelling/20210202006138/en

Copyright Enterprise Wire 2021.



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