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Global Augmented and Virtual Reality Market Study Analysis: The Augmented and Virtual Reality market is anticipated to grow at a whooping rate of more than 64% by 2028

02-15-2022 03:48 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Global Augmented and Virtual Reality Market Study Analysis:

The global Augmented and Virtual Reality market is expected to grow at a CAGR of more than 64% . Augmented reality and Virtual reality is a technology that connects the digital and physical world. It provides a virtual experience of real-life experiences.

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Global Augmented and Virtual Reality Drivers:
The simulation experience through Augmented and Virtual Reality technology, provides a cost-effective solution for training and skill development for employees in industries like civil aviation. There is a surging use of this technology in the education sector too, as learning becomes easier with visual experiences. The growing demand for video games is also a major driver for this market.

Covid-19 Scenario:
● Impact on Market Size
● End-User Trend, Preferences, and Budget Impact
● Regulatory Framework/Government Policies
● Key Players Strategy to Tackle Negative Impact
● Opportunity Window

Global Augmented and Virtual Reality Market Segments:
The global Augmented and Virtual Reality market is further segmented into Component, Organization Size, End User, and geography.
● By Component: Hardware and Software
● By Application: Consumer and Enterprise
● By Organization Size: Large Enterprises and Small and Medium Enterprises
● By End-User: Gaming, Automotive, Entertainment and Media, Manufacturing, Aerospace & Defense, Healthcare, Education, and others

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific is expected to witness the highest growth in the Augmented and Virtual Reality market, as most of the economies in the region are emerging and are increasing the adoption of technology. Moreover, there are huge investments in the health and education sector that are growing their usage of AR and VR technology.

Key Players of Global Augmented and Virtual Reality Market:
● Qualcomm Technologies Inc.
● Google LLC
● Samsung Electronics Corporation Limited
● Intel Corporation
● Sony Corporation
● Microsoft Corporation
● Facebook
● Magic Leap
● Seiko Epson Corporation
● Vuzix Corporation
● Himax Technologies Inc
● HTC

For Any Query or Customization, Ask Our Industry Experts@https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=007014

Key Questions Answered Through The Report:
● The Impact of COVID-19 on the global market
● What are the potential opportunities for new entrants in the global market
● What is the market Size and Forecast from 2020 to 2028?
● Key Players associated with the global Augmented and Virtual Reality Market
● Value Chain Analysis of Global Augmented and Virtual Reality Market
● What is the CAGR of the global Augmented and Virtual Reality Market from 2021 to 2028
● Major Growth Factor, Challenges, Trends, and Opportunities in the global market
● Key outcomes of SWOT Analysis

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About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advising service that offers creative solutions to a company's problems. Our market research studies can find data beneficial to micro, small, medium, and large-scale businesses. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.

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