Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — Market experts and the latest research Markets for Augmented Reality and Virtual Reality Products and Services Revenue could reach $80.6 billion by 2029, growing at an annual rate of 31.7% throughout the forecast period 2022-2029.
Growing interest in augmented and virtual reality devices and applications in healthcare is driving the growth of the market. Augmented reality and virtual reality play an important role in the healthcare industry. Augmented and virtual reality can be used to give surgeons a virtual view of a patient’s body part and assess the patient’s condition. This allows surgeons to perform minimally invasive surgery. The healthcare industry is expected to benefit from the use of augmented reality modeling and 3D visualization. The expansion of the augmented reality and virtual reality market in this sector is due to the use of augmented and virtual reality to improve fitness, teach medical students complex subjects, train doctors, manage pharmacies, and subsequently treat patients. It is by caring and facilitated by support. Discharged.
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The following companies are featured in the AR and VR Products and Services report:
- game
- entertainment and media
- aerospace and defense
- Health care
- education
- manufacturing industry
- retail
Growing preference for advanced devices in medical education, patient care management, and education. Increased use in online shopping, retail and e-commerce. Increased investment by tech giants in adopting augmented and virtual reality. The rise of digital information display applications is expected to drive the growth of the augmented reality and virtual reality products and services market for the retail industry. The factors driving the market growth are increasing applications of augmented reality in healthcare, increasing applications of augmented reality and virtual reality in retail and e-commerce, and strong demand driving the growth of the augmented reality and virtual reality market.
Augmented reality is defined as gadgets that combine the real and virtual worlds, allow real-time interaction, and allow accurate 3D registration of virtual and real items. Virtual reality, on the other hand, is a kind of generation that utilizes laptop technology to create simulated environments that real users reveal. Virtual reality is its greatest common time, which can be artificial, including liveliness, or it can be a real realm filmed and incorporated into virtual reality.
Based on organization type, the AR and VR products and services market is segmented into:
- large company
- Small and medium-sized enterprises
By application, the AR and VR products and services market is segmented as −
- microsoft
- Sony Corporation
- Samsung Electronics
- HTC
- Apple
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AR and VR Products and Services Market 2022-2029 Regional Overview:
| area | subregion |
| North America | USA, Canada |
| Europe | Germany, France, UK, Rest of Europe |
| Asia Pacific | China, India, Japan, Rest of Asia Pacific |
| South America | Mexico, Brazil and other South America |
| Middle East and South Africa |
Augmented reality and virtual reality companies are due to protection and privacy concerns. Augmented reality and virtual reality services are expensive, so they are not affordable for middle-class people. These concerns arise as a result of deficiencies in augmented reality programming, in addition to oversights and oversights by the builders and users of each augmented reality app and device.
The augmented reality and virtual reality products and services market has been segmented into industry organization sizes and applications in consideration of industries, classified into aerospace and defense, manufacturing, entertainment and media, gaming, healthcare, education, retail, and others. increase.By application, the market share was dominated by the consumer segment. From a geographical perspective, North America accounts for the major market share contribution in the global AR and VR products and services market.
In February 2022, HTC Vive announced Viveverse, a cross-platform metaverse. It’s an open-source VR metaverse made up of various apps, interactive worlds, and games.
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