A new market
intelligence study by Transparency Market Research presents a detailed overview
of the global virtual and augmented reality market. The report is titled “Virtual
and Augmented Reality Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024.” The market research study provides a
comprehensive analysis of the current trends, growth drivers, factors limiting
growth, and projections of the market for the period from 2016 to 2024. The
report provides an executive-level outline of the global virtual and augmented
reality market.
Virtual
reality is a computer technology used to replicate an environment, real or
imagined, to stimulate the viewer’s experience in such a way that it allows the
viewer to interact with the environment. While virtual reality has been around for
quite some time now, augmented reality is emerging as an advanced version of
virtual reality. Augmented reality is the blending of virtual reality and real
life, wherein the developers create images within applications that blend in
with the elements of the real world. Augmented reality enables users to interact
with the virtual contents in the real world.
The upcoming
augmented reality gadgets are combining the virtual world with the real world
through sophisticated and technologically advanced devices, and is expected to
boost the global virtual and augmented reality market in future. Augmented
reality provides a view of the real world environment with elements that are developed
using computer generated data and images. Augmented reality is witnessing high
growth owing to the rising penetration of smartphones with a camera and GPS,
allowing users to experience technology beyond imagination and expectations.
The growth of the
augmented reality market has been incredible due to the penetration of this
technology in the advanced learning and teaching fields. Furthermore, virtual
and augmented reality technologies are expected to be increasingly used in
projects relating to smart innovations in the upcoming years, thus boosting the
market.
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More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10556
Several
enterprises operating in the virtual and augmented reality market are
capitalizing on the rising demand of consumers for these advanced technologies.
As the use of camera, GPS, and several other advanced features in smartphone is
increasing, there is a heightened demand for virtual and augmented reality
technologies by consumers. Moreover, integration of these technologies in smart
glasses and lenses will ensure the market’s growth in a rapid pace during the
forecast period.
The report
profiles the key players operating in the virtual and augmented reality market
such as Total Immersion (France), Qualcomm Inc (the U.S.), Vuzix Corporation
(the U.S.), Wikitude GmBH (Austria), and Metaio GmBH (Germany).
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