openPR Logo
Press release

Augmented Reality and Virtual Reality Market : Development Trends and Worldwide Growth 2017 - 2025

11-27-2017 09:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Augmented Reality and Virtual Reality Market : Development Trends and Worldwide Growth 2017 - 2025

Global Augmented Reality and Virtual Reality Market: Snapshot

Flaunting an interminable and grandiose history of providing efficient immersive operator simulation and training solutions, MWPowerlab and Schneider Electric are setting some new standards for augmented reality and virtual reality. After acquiring MWPowerlab, Schneider Electric has been enjoying an augmented share in the global market with the addition of the advanced version of the technology to its portfolio.

The 3D visualization provided at an advanced stage and cutting edge real-time 3D technology offered by MWPowerlab are expected to scale up the Enterprise Asset Performance Management product offered by Schneider Electric. The augmented reality and virtual reality technology has become more accessible than ever in a wide range of world markets as a result of its extensive sustained development. Already included in Schneider Electric’s portfolio, the human machine interface (HMI) supervisory, asset management, and simulation solutions could be largely leveraged with the help of the real-time 3D technology offered by MWPowerlab. MWPowerlab has also stated that its augmented reality and virtual reality technology is anticipated to be tremendously optimized for applications in industrial verticals.

Request Sample Copy of the Report@ www.tmrresearch.com/sample/sample?flag=B&rep_id=479

Although assisted reality glasses have had much of the demand in the recent time, the future seems to be on the name of mixed reality headsets, which surprise the wearer with more immersive experiences. By the concluding year of the forecast period, there would probably be a difference of millions between the market shares of assisted reality glasses and mixed reality headsets. With depth sensors and positional tracking in place, mixed reality headsets could allow interactions with holographic objects.

Augmented Reality and Virtual Reality Market: Overview and Segmentation

The global augmented reality and virtual reality market is anticipated to exhibit substantial growth in the coming years. This market is an extremely dynamic, exciting, and promising one and is single-handedly fueled by recent technological advancements. While the application of this technology is already established in sectors such as retail, healthcare, and consumer goods, it is predicted that in the near future, many more new and innovative applications will come to the fore.

The global market for augmented reality and virtual reality can be segmented on the basis of technology into augmented and virtual reality technologies. Among these, augmented reality is projected to witness immense growth during the course of the forecast period owing to the rising demand for AR in gaming, media and entertainment, manufacturing, and healthcare.

Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=479

By way of sensors and components, the market is fragmented into software, hardware, and services. The hardware segment held the dominant share of over 72.0% in 2015 thanks to the high demand for devices such as glasses, head mounted display, sensors, and console.

The market can also be segmented by application into gaming, media and entertainment, e-commerce, medical, military, and education among others. Gaming, media and entertainment, and healthcare are the most promising segments and are expected to contribute considerably over the forecast period. Further, the demand for augmented reality and virtual reality-based head up displays is likely to increase in the automotive sector in the coming years.

Augmented Reality and Virtual Reality Market: Drivers and Restraints

The global market for augmented reality and virtual reality is fueled the soaring demand and usage of smart phones and the growing application of this technology in the healthcare sector. The high Internet connectivity and penetration is also projected to serve as a driving factor for the global augmented reality and virtual reality market.

Some of the major factors restricting the growth of the market world over are privacy issues, lack of awareness, and image latency. The need for hardware also hampers the augmented reality and virtual reality market in terms of capital investment. However, an increase in R&D initiatives and emerging applications will emerge as key opportunities, fuelling the growth of the market.

Get Discount @ www.tmrresearch.com/sample/sample?flag=D&rep_id=479

Augmented Reality and Virtual Reality Market: Regional Outlook

From a geographical standpoint, the worldwide market is classified into North America, Europe, Asia Pacific, and Rest of the world. It has been observed that the augmented reality and virtual reality markets in North America, Asia Pacific, and Europe are immensely lucrative, with North America dominating the international scene. In Europe, media and entertainment accounts for a significant share among all end-use applications.

The Asia Pacific market is extremely promising and is slated to exhibit a staggering CAGR over the course of the forecast period. The hardware and service segments are expected to contribute significantly by 2025. China plays a major role in the expansion of the Asia Pacific augmented and virtual reality market.

The Middle East and Africa (MEA) and South America markets are projected to contribute relatively lower revenue to the global market, at the same time, maintaining a steady pace over the forecast period. Hardware is anticipated to emerge as a prominent segment in MEA as well as South America as compared to the services and software segments.

Augmented Reality and Virtual Reality Market: Vendor Landscape

The key players competing in the augmented reality and virtual reality market include Catchoom, Blippar, Innovega Inc., Metaio Gmbh, Laster Technologies, Vertalis Ltd, Total Immersion, Augmented Pixels Co., Kishino Limited, Kooaba AG, Wikitude Gmbh, and Qualcomm Incorporated.

The global augmented reality and virtual reality market is increasingly dynamic and displays a high degree of competition. It is characterized by the presence of a few small-scale players and several of the world’s largest technology firms.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Augmented Reality and Virtual Reality Market : Development Trends and Worldwide Growth 2017 - 2025 here

News-ID: 833153 • Views: 121

More Releases from TMR Research

IoT IAM Market - Monitoring Product Benefits 2025 | GlobalSign, Certified Securi …
Global IoT IAM Market: Snapshot Simple changes brought in by Internet of Things (IoT) vendors that show promise of better security solution for identity and access management (IAM) systems are expected to change the game for the global market. This value addition in the IAM is expected to become an indispensable and an integral change in the coming years, thereby boosting the growth of the overall market. Today, IoT IAM systems
Mobile BI Market - Future Growth Strategies 2025 | Qlik Technologies, SAS Instit …
Global Mobile BI Market: Overview The global mobile BI market is envisaged to witness the addition of new products and features to keep consumers interested. For instance, the Redmond-based giant technology company, Microsoft recently announced the inclusion of new features such as ‘Shared with me View’ in its all-platform Power BI mobile apps. Also accessible through web portals, Power BI mobile apps have been updated to facilitate users with a
West Nile Virus Infection Treatment Market Study by 2025 | CEL-SCI Corporation, …
Global West Nile Virus Infection Treatment Market: Snapshot West Nile virus (WNV) belongs to the Flaviviridae family, comprising pestivirus, flavivirus, and hepacivirus. It is a positive stranded RNA virus and outbreaks of West Nile fever has occurred across the globe since the mid 90s. Moreover, West Nile Virus is currently an endemic in Asia, Africa, Australia, Europe, the Middle East, and the U.S. as well. The infection bears
Renal Insufficiency Market - Upcoming Health Threats 2025 | Baxter Healthcare, D …
Global Renal Insufficiency Market: Snapshot The demand for renal disease treatment products and therapies has been incrementing steadily in the past few years, owing to the prevalence of poor kidney functions among a vast population base across the world, especially in the Asia Pacific region, and increased government support. However, the participants of the global renal insufficiency market must take a note of weak competition among the marketed products for the

All 25943 Releases


More Releases for Reality

Global Augmented Reality and Virtual Reality Market
Global Augmented Reality and Virtual Reality Market – Global Industry Analysis and Forecast (2017-2026) _ by Technology (Marker-Based, Marker Less and Others), by Device Type (Handheld Device, Head-Up Display, and Others), by Vertical, By Application, and by Geography Market Scenario Global Augmented Reality and Virtual Reality Market was valued US$ 6.1 Bn in 2017, and is expected to reach US$ 58.2 Bn by 2026, at a CAGR of 32.57% during forecast period. Augmented
AUGMENTED REALITY AND VIRTUAL REALITY Market
The Insight Partners added “Augmented Reality and Virtual Reality Market to 2025 - Global Analysis and Forecasts by Technology, Sensors & Components and Applications” to its research database. The report is spread across 203 pages and supported by 10 company leaders. AR and VR technologies were incepted in early 90`s, but the technologies are getting into mainstream in recent years. As the market is in emerging stage the number of players
Healthcare Virtual Reality & Augmented Reality Systems Market
SA-BRC announces the release of market assessment report on “Global Healthcare Virtual Reality & Augmented Reality Systems Market Assessment & Forecast: 2016-2020”. The global healthcare virtual & augmented reality software market is anticipated to grow slower with a CAGR of xx% between 2016 and 2020. In 2015, the market was valued at US$ xx million and is forecast to grow to US$ xx million by 2020 according to the new report
Artificial Reality
This study on Artificial Reality, highlights technological and industrial trends and its state of the art as well as market figures and forecasts. The report proposes a detailed analysis of the positioning of major offerings through relevant case studies. It provides readers with the main takeaways regarding number of devices, games and revenues in order to establish a clear landscape of market's long awaited take-off. Table of Content 1. Executive Summary 2. Definitions and uses 2.1.
Augmented Reality
Augmented reality app opens up new dimensions in orthopaedics technology. With the augmented reality app, Ottobock invites you on an interactive tour of the diverse world of orthopaedics technology. The search term 'Ottobock' in the app store take users directly to the software that can be downloaded for free. After installation on a smartphone or tablet, the app can be used to give an innovative presentation of product highlights in medical technology. Like
Augmented Reality Digital Signage
Augmented Reality has not been fully utilised within the digital signage sector, providing a new type of interactive solution, its unique in the sense that is interacts with the user on a more fun and informative level. Marketing through augmented reality will show a new technological revolution taking the sector to another path. Augmented reality is very simple to implement with augmented software designed and tailored to every need, this along