Virtual and Augmented Reality Market Size Worth US$ 401.8 billion by 2025 | Blippar Inc., Daqri LLC, EON Reality Inc., Meta Company, Metaio GmbH

New Research Study "Virtual and Augmented Reality" a new report from Coherent Market Insights, evaluates the competitive landscape and predicts for future growth. The Virtual and Augmented Reality market study for the 2022–2027

The virtual and augmented reality market was valued at US$ 5.16 billion in 2016 and is projected to reach US$ 401.8 billion by 2025

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Market Overview -

Virtual and augmented reality have been used in traditional medical professions such as biology, obstetrics and gynaecology, neurology, cardiology, dermatology, and even veterinary medicine on a modest scale. In the operation room, video games are also commonly used. Aesthetic surgery: Many surgeries are carried out in a surgical theatre, where doctors attempt to replicate the precise medical setting as closely as possible. They might utilise a full-body computer model, for example, to better comprehend a patient's difficulties and prepare them for surgery. Because of advancements in scanning technology, neurosurgery is becoming a more popular discipline. Some neurosurgeons employ virtual reality to train their patients, while others use CT imaging (similar to MRIs) to prepare for procedures.

Virtual reality is a technique for creating a three-dimensional digital world that gives the user a realistic experience. Similarly, augmented reality is the experience of real-world reality enhanced by virtual facts and pictures that exist simultaneously in the real world. One of the main drivers of market expansion is the increasing use of virtual reality in numerous applications. This technology can be used in a variety of ways, including therapy, games, and movies. Virtual meetings, virtual offices for remote teams, on-the-job training, and other applications of this technology are used by businesses in education and training.

Drivers & Trends -

Over the forecast period, the virtual and augmented reality market is predicted to develop due to rising demand for VR/AR solutions in the healthcare and retail & e-commerce sectors, as well as the rising popularity of HMDs (head-mounted displays) in the gaming and entertainment sectors. Furthermore, the virtual and augmented reality market is predicted to increase at a faster rate during the forecast period as Industry 4.0 (fourth industrial revolution), IoT (Internet of Things), improved cloud infrastructure, and other factors come into play.

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The Epitome of the COVID-19 Aftermath -

The global virtual and augmented reality market has registered tremendous growth due to the emergence of the COVID-19 pandemic. The imposition of social distancing measures in the wake of the pandemic has engulfed a large portion of the corporate, healthcare, and the IT sector to adopt VR/AR solutions to continue their operations, thus, providing an impetus for the market.

Global Virtual and Augmented Reality Market: Key Players

· Blippar Inc.
· Cyberglove Systems LLC.
· Daqri LLC
· EON Reality Inc.
· Google Inc.
· Infinity Augmented Reality Inc.
· Magic Leap Inc.
· Meta Company
· Metaio GmbH
· Microsoft Corporation
· Oculus VR LLC
· Osterhout Design Group (ODG)
· Qualcomm Inc.
· Samsung Electronics Co. Ltd

Virtual and Augmented Reality Market Taxonomy -

By Component (Software and Hardware [Head Mounted Device, Input Systems])

By Application (Videogames, Engineering, Healthcare, Live Events, Video Entertainment, Real State, Retail, Military, and Training & Education)

Fastest Growing Regional Analysis -

Geographically, the Virtual and Augmented Reality market is separated into regions such as North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The research covers all from manufacturing and customer shares to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological improvements, R&D, organization growth, economic growth, and a strong market presence in every region. The report covers a detailed analysis for each major regional market across the globe and provides future outlook predictions for the same.

· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East
· Africa

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What this Research Study Offers:

· Global Virtual and Augmented Reality Market share assessments for the regional and country level segments

· Global Virtual and Augmented Reality Market share analysis of the top industry players

· Strategic recommendations for the new entrants in Global Virtual and Augmented Reality

· Global Virtual and Augmented Reality Market forecasts for a minimum of 5 years of all the mentioned segments, sub segments and the regional Global Virtual and Augmented Reality markets

· Global Virtual and Augmented Reality Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

· Strategic recommendations in key business segments based on the Global Virtual and Augmented Reality market estimations

· Competitive landscaping mapping the key common trends

· Company profiling with detailed strategies, financials, and recent developments Supply chain trends mapping the latest technological advancements.

Contact Us:

Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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