Virtual and Augmented Reality Market Worldwide Opportunities, Prominent Players, and Growth Rate, 2023
The virtual and augmented reality market is driven by its increasing demand in healthcare and electronics industry. The growing prevalence internet connectivity and information technology have also supported the market expansion. Image latency and fraudulent activities are raising concerns related to user data privacy and protection.
(firmenpresse) - The global virtual and augmented reality market is estimated to witness a staggering CAGR by the year 2023. “Augmented reality and virtual reality held up as a key technology in business application across the aviation industry. Boeing uses AR headsets to stream real-time information in front of their eyes using voice and video generated commands. Its giant AR technology has allowed the company employees to project rendering of electronic units and examine risk assessment tests more effectively. It is estimated to be a lucrative market attributed to its high growth trajectory and its demand among potential suitors.”
The virtual and augmented reality market is driven by its increasing demand in healthcare and electronics industry. The growing prevalence internet connectivity and information technology have also supported the market expansion. Image latency and fraudulent activities are raising concerns related to user data privacy and protection. This is a vital factor responsible for the market hindrance. Increasing research & development initiatives is projected to serve as a major opportunity, boosting the growth of virtual and augmented reality market. The market is segmented into augmented and virtual reality technologies, based on its technology types.
Geographical segmentation has presented a detailed analysis of virtual and augmented reality market growth prospects across the regions of North America, the Asia Pacific, Europe, the Middle East, and Africa, and Latin America.
The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in this market include Blippar, Innovega Inc., Catchoom, Laster Technologies, Total Immersion, Metaio Gmbh, Vertalis Ltd, Kooaba AG, Augmented Pixels Co., Kishino Limited, Wikitude Gmbh, Qualcomm Incorporated, and others.
The virtual and augmented reality market competition is escalating at a steady pace with the advent of technological innovation and several Merger & Acquisition activities across the industry. Furthermore, local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
The industry players are keen on incorporating restrictive distribution practices, along with selective regulatory measures so as to facilitate research and development activities that would likely benefit customers. Players are entering into business partnerships with fellow contestants and are significantly investing in innovation strategies, which is estimated to drive the cellular vendors to reach new growth markets. The virtual and augmented reality market participants have identified the industry cost structure, supply chain mechanism, major distribution channels, and production capabilities. The new soaring technology is drawing attention through all industry verticals and is set to smash through the market profit barrier.
Themen in dieser Pressemitteilung:
virtual-and-augmented-reality-market
technology
virtual-and-augmented-reality-market-news
global-virtual-and-augmented-reality-industry-size
virtual-and-augmented-reality-market-share
virtual-and-augmented-reality-market-demand
virtual-and-augmented
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 10.06.2020 - 12:37 Uhr
Sprache: Deutsch
News-ID 614235
Anzahl Zeichen: 3517
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Research & Development
Typ of Press Release: Financial
type of sending: don't
Date of sending: 10.06.2020
Diese Pressemitteilung wurde bisher 241 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Virtual and Augmented Reality Market Worldwide Opportunities, Prominent Players, and Growth Rate, 2023"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
