WILLIAMSBURG, Va., July 12, 2016 /PRNewswire/ -- Augmented reality is projected to be a $105 billion market for U.S. Enterprise within 15 years, with early adopters of the disruptive technology gaining a competitive advantage in their industries, according to a market perspective released by Index AR Solutions. The projected $105 billion in revenue includes $49 billion in hardware, $11 billion in software and $45 billion in services.
These are among the key findings of an Index AR Solutions market perspective researched and written by the firm's executive team and released today. Authors of the market perspective are Index AR Solutions President and CEO Dan Arczynski, Executive Vice President and COO Dexter Lilley and Director of Operations John Arczynski.
"This market perspective is a must read for companies and organizations considering augmented reality," Dan Arczynski said. "Augmented reality is an investment in your people to make them more capable, safe and productive."
The key takeaway from the market perspective is that companies and organizations should not wait to implement augmented reality. The authors note that dramatic top line and bottom line results can be achieved with current augmented reality technology.
Among the top findings in the Index AR Solutions market perspective:
—Augmented reality is "ready now" for enterprise implementation, with companies achieving double-digit performance improvement in revenue, cost, schedule and quality;
—Every company and industry sector can benefit from enterprise augmented reality;
—While adoption of other technologies requires large upfront, multi-year investments before realizing value, augmented reality's value can be realized with the first application and every subsequent one.
The Index AR Solutions market perspective is an essential tool for business leaders who are forward thinking innovators seeking to vault their company into a leading position in their respective industries. The market perspective is designed as a roadmap for companies that will be — and should be — adopting augmented reality. It's written by the Index executive team, who as former senior executives of large corporations, have an intimate understanding of the challenges facing enterprises when embracing new technologies.
To download the market perspective, visit the Index AR Solutions website here: http://www.indexarsolutions.com/augmented-reality-market-perspective/
The Index AR Solutions leadership team and the authors of this report are available for interviews. To schedule an interview, contact Stephanie Heinatz at 757.713.2199 or email.
About Index AR Solutions
Index AR Solutions is a 2015 tech startup based in Williamsburg, Va., that provides turnkey projects deploying high-impact augmented reality applications on your company's mobile device. In the near future, Index AR Solutions will be offering its proprietary software with training so its clients can also develop and deploy their own augmented reality solutions. For consultation on AR implementation or a turnkey project quote, contact Index AR Solutions via the website at http://www.indexarsolutions.com/contact/ or by phone at 757-707-8046.
Index AR Solutions is teamed with Newport News Shipbuilding (NNS), a shipbuilder with $4 billion in revenue and almost 20,000 employees that is the sole designer, builder and refueler of US Navy nuclear aircraft carriers and one of two companies that designs and builds US Navy nuclear submarines. NNS is a subsidiary of Huntington Ingalls Industries, the largest shipbuilder in the U.S. with over $7 billion in revenue and almost 35,000 employees.
SOURCE Index AR Solutions