Augmented Reality market expected to reach $35 billion

May 21, 2017, 10:23 a.m. By: Pranjal Kumar

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Augmented Reality is considered as the next big thing the technology world. All the big companies like Google, Facebook, Microsoft, Apple and many more are working tirelessly on the augmented reality.

The whole purpose of this massive increase in the demand for the augmented reality is to enhance the user experience.

Let’ see some of the important points about Augmented Reality:

  • According to the recently conducted research augmented reality market is valued more than $3 billion in 2017. This number is expected to reach more than $35 billion by 2022.

  • The worldwide sale of AR headset will reach to $1.2 billion by then of 2017.

  • The demand for the AR software is increasing in the fields like medical technology, video games, shopping and many more.

  • Augmented reality market for the enterprise vertical will be the one that is expected to rise sharply in the near future.

  • The markets like Asia - Pacific is expected to grow the most in terms of the augmented reality devices.

  • Pokemon Go one of the AR games hit the peak with more than 40 million active users per day.

  • The most valuable AR startup is magic leap which was valued $4.5 billion in February.

Image Source: LinkedIn