30 Sep '16, 10pm

Boom in the Augmented and Virtual Reality Markets Anticipated

The Augmented and Virtual Reality markets have long been specialized industries, but that is expected to change by 2022, according to BIS Research, a market research and advisory group. The AR market, in particular, is poised for a boom in the next six years with revenues of over $161 billion expected, a compound annual growth rate of 85.4 percent. The VR market, meanwhile, will grow to a $17 billion industry by 2022, a 44.5 percent CAGR. “From the research, it is clear that Augmented Reality is about to become the more prominent product of the two,” the BIS report said. “AR devices are essentially smart glasses, and the target demographic for smart glasses includes not only the average high-tech enthusiast but businesses and industrial clients as well. Similar to smartphones, smart glasses are intended to run applications designed to incorporate the advantages of the gadg...

Full article: https://www.pddnet.com/news/2016/09/boom-augmented-and-vi...

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