Augmented Reality and Virtual Reality Market to Grow at a CAGR of 42.2% Through 2025
Verfasser: Monicafmi31 on Thursday, 25 May 2017The modern computer technology has successfully created an exciting as well as a pioneering avenue that leads towards a future where anything that man envisages might be possible. Well, Virtual Reality (VR) is one such technology that is helping mankind travel towards that direction. VR-based virtual environments are helping organisations to overcome critical challenges that were much more difficult to tackle previously. Similarly, the advent of augmented reality (AR) has revolutionised the way of experiencing real- world environment using consumer electronic devices such as smartphones, digital headgear and laptops. Future Market Insights’ latest report identified following factors that are driving the adoption of augmented reality and virtual reality worldwide.
Gaming continues to be an attractive segment for AR & VR technology. In recent years, several games have been launched based on augmented reality. ‘Pokemon Go’ is one of the biggest examples of AR-based games, which received massive popularity across the globe after its launch.
The young population is lured toward products that come with AR and VR features. Over the years, the average spending on electronic goods for entertainment has increased significantly. Moreover, robust penetration of smartphones and improving network connectivity is encouraging tech companies to add AR & VR features in their digital products.