WASHINGTON and NEW YORK and LONDON, June 15, 2016 /PRNewswire/ -- MarketResearch.com published a blog post providing insights into the market for augmented reality and virtual reality products and technologies.
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The market for virtual reality products and technologies was valued at $1.37 billion in 2015 and is expected to reach $33.9 billion by 2022. The overall market for augmented reality was valued at $2.35 billion in 2015 and is expected to reach $117.4 billion by 2022.
Rapid growth in these two areas is attributed to two main factors: consumer interest and technology adoption. Consumer demand is rising fast as realistically priced virtual reality and augmented reality products become available for purchase.
The blog highlights several key industries that will be influenced by advancements in both augmented reality and virtual reality technologies, including consumer goods, entertainment, aerospace and defense, commercial, and medical.
To learn more, check out the market research reports on augmented reality and virtual reality cited in this blog:
- Augmented Reality and Virtual Reality Market by Device Type, http://www.marketresearch.com/MarketsandMarkets-v3719/Augmented-Reality-Virtual-Device-Type-10086392/?progid=88790
- Virtual Reality: The Market, Devices and Future Use Cases of an Emerging Video Technology, http://www.marketresearch.com/Rider-Research-v3523/Virtual-Reality-Devices-Future-Cases-10053191/?progid=88790
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