Augmented Reality and Virtual Reality Market to Record 25.13% of Y-O-Y Growth Rate in 2021 | Alphabet Inc. and Facebook Inc. Among Key Vendors | Technavio – Yahoo Finance

Augmented Reality and Virtual Reality Market to Record 25.13% of Y-O-Y Growth Rate in 2021 | Alphabet Inc. and Facebook Inc. Among Key Vendors | Technavio – Yahoo Finance

NEW YORK, Dec. 14, 2021 /PRNewswire/ —

Attractive Opportunities in Augmented Reality and Virtual Reality Market by Technology and Geography – Forecast and Analysis 2021-2025

Augmented Reality (AR) and Virtual Reality (VR) Market Facts at a Glance-

  • Total Pages: 120

  • Companies: 10+ – Including Alphabet Inc., Facebook Inc., HP Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Snap Inc., Sony Corp., and Toshiba Corp.

  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape;

  • Segments: Technology (AR and VR)

  • Geographies: North America (US), APAC (China and Japan), Europe (UK and Germany), MEA, and South America

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According to the recent market study by Technavio, the Augmented Reality and Virtual Reality Market Share in Information Technology Industry is expected to increase by USD 162.71 billion from 2020 to 2025, with an accelerated CAGR of 46%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate of 34% among the other regions. China and Japan are the key markets for the augmented reality (AR) and virtual reality (VR) market. Moreover, market growth in APAC will be faster than the growth of the market in other regions.

Download FREE Sample: for more additional information about the key countries in APAC

Vendor Insights-

The augmented reality (AR) and virtual reality (VR) market is fragmented. Vendors are adopting organic and inorganic growth strategies to gain a competitive edge in the market. In September 2020, Facebook Inc. announced the opening of the new Facebook office in Lagos, Nigeria. The office is home to several teams across businesses, including sales, partnerships, policy, and communications.

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Source: https://finance.yahoo.com/news/augmented-reality-virtual-reality-market-151500484.html

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