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Over $ 125 Billion Growth in Global Augmented Reality (AR) And Virtual Reality (VR) Market 2020-2024 | Insights on Key Vendor Offerings and Market Forecast for New Normal | TechnavioNEW YORK, March 22, 2021 /PRNewswire/ -- The augmented reality (AR) and virtual reality (VR) market is expected to grow by USD 125.19 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the augmented reality (AR) and virtual reality (VR) market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. The augmented reality (AR) and virtual reality (VR) market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal. This post-pandemic business planning research will aid clients to:
Download the Post-Pandemic Business Planning Structure Key Considerations for Market Forecast:
Related Report on Information Technology Include: Global Automotive Augmented Reality and Virtual Reality Market - Global automotive augmented reality and virtual reality market is segmented by technology (AR and VR) and geography (Europe, APAC, North America, MEA, ad South America). Get an Exclusive Free Sample Report Global Extended Reality Market - Global extended reality market is segmented by application (VR, AR, and MR) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report Major Three Augmented Reality (AR) And Virtual Reality (VR) Market Participants: Alphabet Inc. HP Inc. Facebook Inc. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/augmented-reality-and-virtual-reality-market-industry-analysis Augmented Reality (AR) And Virtual Reality (VR) Market 2020-2024: Segmentation Augmented reality (AR) and virtual reality (VR) market is segmented as below:
The augmented reality (AR) and virtual reality (VR) market is driven by increasing demand for AR and VR technology. In addition, other factors such as the increasing number of M&A activities are expected to trigger the augmented reality (AR) and virtual reality (VR) market toward witnessing a CAGR of over 35% during the forecast period. Get more insights about the global trends impacting the future of augmented reality (AR) and virtual reality (VR) market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43509 Market Drivers Market Challenges Market Trends Vendor Landscape
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