Augmented Reality and Virtual Reality Market Business Strategies, Leading Players Updates, Industry Demand, Growth and Opportunities during to 2028

"Augmented Reality and Virtual Reality Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Technology, Component, and End-User Industry," the market is expected to grow from US$ 27.96 billion in 2021 to US$ 252.16 billion by 2028; it is estimated to grow at a CAGR of 36.9% during 2021-2028. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The travel sector is reaping the benefits of AR and VR technologies to offer people a traveling experience in their own homes. People could explore the world by sitting comfortably on their couches. Thus, companies are working hard to transform travel experiences with the help of self-guided tours technology. AR technology alters travelers' perceptions of their physical surroundings and provides supplemental tourism experiences, along with opportunities for interaction.

According to an article published by Forbes in April 2021, City Guide Tour, an AR mobile app, uses object recognition to offer on-screen information about destinations of interest, including museums, landmarks, galleries, and parks, as tourists stroll via a town or city. The Street Life, another mobile app, offers a library of crowd-sourced guided tours; viewers can watch this from home or navigate through in-person travel adventures while uploading their images on the app. Further, AR-powered glasses provide a more immersive experience, adding an element of fun and eliminating the need for a tour guide.

The Key Players in The Global Market Are: 

Immersive Gaze
Google LLC
EON Reality
Vuzix Corporation
Blippar Group Limited (Layar B V)
Innovega Inc.
Simulanis Solutions Private Limited
Kanda ApS
YeppAR
Zugara, Inc.

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Based on technology, the augmented reality and virtual reality market is bifurcated into augmented reality and virtual reality. In 2021, the augmented reality segment led the augmented reality and virtual reality market. Based on component, the augmented reality and virtual reality market is segmented into semiconductor components, sensors, and others. In 2021, the semiconductor components segment accounted for the largest market share.

The report segments the global Market as follows:

By Technology (Augmented Reality and Virtual Reality)
By Component (Semiconductor Components, Sensors, and Others)
By End-User Industry (Entertainment, Educational, Industrial, Medical, Real Estate & Architecture, Retail, Aerospace & Defense, and Others)

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The retail sector has adopted the VR and AR technologies much before the onset of the COVID-19 pandemic. According to IBM's 2020 (US) Retail Index report, the pandemic expedited the shift to digital purchasing by five years. The popularity of virtual "try-before-you-buy" experiences-ranging from previewing furniture and products with daily brands such as IKEA and Home Depot to digitally trying on luxury fashion clothing of brands such as Louis Vuitton and Gucci-has increased significantly. Similarly, GLAMlab's Ulta's virtual try-on beauty tool is being highly adopted by people during the COVID-19 pandemic.

Answers that the report acknowledges:

The Insight Partners Sports League Software Market Research Report Scenario includes:

•The report provides qualitative and quantitative trends of global Sports League Software Market across type, type of products, service, and geography.
•The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Sports League Software Market.
•Chapter Three provides the research methodology of the study.
•Chapter Four further provides PEST analysis for each region.
•Chapter Five highlights the key industry dynamics in the Sports League Software Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
•Chapter Six discusses the global Sports League Software Market scenario, in terms of historical market revenues, and forecast till the year 2027.
•Chapter Seven to ten discuss Sports League Software Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
•Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
•Chapter Twelve provides the detailed profiles of the key companies operating in the global Sports League Software Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
•Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

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