Augmented Reality and Virtual Reality Market to Reach 25.13% Annual Growth Rate in 2021 | Alphabet Inc. and Facebook Inc. among the main suppliers


NEW YORK, December 14, 2021 / PRNewswire / –

Attractive Opportunities in Augmented Reality and Virtual Reality Market by Technology and Geography – Forecast and Analysis 2021-2025

Augmented Reality (AR) and Virtual Reality (VR) Market Overview –

  • Total Pages: 120

  • Companies: 10+ – 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.

  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape;

  • Segments: Technology (AR and VR)

  • Geographies: North America (United States), APAC (China and Japan), Europe (United Kingdom and Germany), MEA, and South America

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According to the recent Technavio market study, the Augmented reality and virtual reality market share in the information technology industry should increase by $ 162.71 billion from 2020 to 2025, with an accelerated CAGR of 46%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will record the highest growth rate of 34% among other regions. China and Japan are the key markets for the augmented reality (AR) and virtual reality (VR) market. Moreover, the market growth in APAC will be faster than the market growth in other regions.

Download a FREE sample: for more information on key APAC countries

Supplier Information-

The augmented reality (AR) and virtual reality (VR) market is fragmented. Suppliers adopt organic and inorganic growth strategies to gain a competitive advantage in the market. In September 2020, Facebook Inc. announced the opening of the new Facebook office in Lagos, Nigeria. The office houses multiple teams across the companies, including sales, partnerships, policy and communications.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

Growth in the augmented reality (AR) and virtual reality (VR) market share in APAC will be significant during the forecast period. China and Japan are the key markets for augmented reality and virtual reality in APAC. The market growth in this region will be faster than the market growth in other regions.

Factors such as the presence of key suppliers; the growing gaming industry in Asia, especially in Japan, China, and India; and the increasing investments in AR and VR technologies to expand their application in different fields will drive the growth of Augmented Reality (AR) and Virtual Reality (VR) market in APAC during the forecast period.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

A large number of customers are asking for virtual reality solutions, while others are interested in virtual reality and are looking for information about it. Technological innovations will increase the demand for AR and VR applications during the forecast period as these applications make the technologies more user-friendly. Wearable technology platforms have the potential to enhance the usefulness of AR in everyday life. The growing fields of application of AR and VR technology in different fields such as education, medicine, retail and training will further drive the growth of the global AR and VR market.

The increasing number of partnerships and collaborations among vendors is likely to drive the growth of the global augmented reality and virtual reality market during the forecast period. Suppliers employ a variety of business strategies, such as partnerships and collaborations, with end users and other suppliers. These strategies help them improve and upgrade their product portfolios and explore new application areas for their AR and VR software platforms. Such strategies are expected to drive the growth of the global augmented reality and virtual reality market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Here are some similar topics-

  • Augmented Reality (AR) Market: Augmented Reality (AR) market share is expected to grow by $ 108.57 billion from 2020 to 2025 at a CAGR of 31.60%. Download a free sample report

  • Software market: Software market share is expected to increase by $ 250.35 billion from 2020 to 2025 at a CAGR of 7.17%. Download a free sample report

Scope of the augmented reality (AR) and virtual reality (VR) market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 46% CAGR

Market growth 2021-2025

$ 162.71 billion

Market structure

Fragmented

Annual growth (%)

25.13

Regional analysis

North America, APAC, Europe, MEA and South America

Efficient contribution to the market

34% APAC

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

Key companies profiled

Alphabet Inc., Facebook Inc., HP Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Snap Inc., Sony Corp. and Toshiba Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Analysis of COVID-19 Impact and Recovery, and Future Consumer Dynamics, Analysis of Market Status for the forecast period

Customization

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About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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SOURCE Technavio


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