Immersive Technologies and Solutions: Virtual Reality, Augmented Reality, and Haptic Internet 2018 - 2023

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Mar 02, 2018, 01:30 ET

DUBLIN, March 2, 2018 /PRNewswire/ --

The "Immersive Technologies and Solutions: Virtual Reality, Augmented Reality, and Haptic Internet 2018 - 2023" report has been added to ResearchAndMarkets.com's offering.

One of the most important drivers for immersive technology application and services market growth will be anytime, anywhere usage. Emerging fifth generation (5G) cellular networks will provide ample bandwidth required, and more importantly, ultra-low latency necessary for VR applications.

With immersive tech no longer tethered to a hard-wired location, apps and services will be available to consumers and business while traveling, telework, remote training, and more. The introduction of Multi-access Edge Computing (MEC) will optimize 5G networks and provide enhancements to immersive tech including real-time data and analytics about usage.

This research provides an in-depth assessment of the Augmented Reality, Virtual Reality, and Haptic Internet markets. This research also assesses immersive technology components, ecosystem, and competitive landscape. The research evaluates market opportunities for immersive technology hardware, software, and services.

Analysis takes into consideration market drivers and constraints such as potential regulatory implications. This research also covers 5G and Mobile Edge Computing (MEC) extensively including the relationship to immersive tech in terms of support and market drivers. This research includes detailed forecasts from 2018 to 2023 for immersive, 5G, and MEC.

Select Research Findings:

Head Mounted Display growth will be 69% CAGR from 2018 to 2023
Global VR revenue will grow with CAGR of nearly 55% from 2018 - 2023
Industrial segments hold great promise for AR, particularly in manufacturing
Fully immersive VR systems will begin to gain substantial momentum by 2021
Mobile Augmented Reality will share 54% of the AR application market by 2023
Mixed Reality will provide a bridge to more robust and engaging fully virtual worlds
Global AR/MR Hardware, Software, and Services market to Reach $65.8B USD by 2023

Companies Mentioned

3D Systems Simbionix
Alcatel Mobile
Analog Devices Inc.
AppliedVR
Atmel Corporation
Avegant Corp.
BARCO
CAE Healthcare
Cyber Glove Systems
FOVE Inc.
GE Healthcare
Google Inc.
Magic Leap
Maxim Integrated
Mazor Robotics
Microsoft Corporation
Mimic Technologies
MindMaze
MYO
NextVR
NGRAIN Corporation
Niantic Inc.
NKK Switches
Nokia StarGazing VR Application
Nvidia Corporation
NXP
Oculus VR, LLC
Open Source Virtual Reality (OSVR)
Osterhout Design Group (ODG)
Virtually Better Inc.
VREAL
Vuzix Corporation
Wevr
WorldViz
Zeiss VR One
ZTE Corporation

For more information about this report visit https://www.researchandmarkets.com/research/sss7bs/immersive?w=5

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SOURCE Research and Markets