MarketsandMarkets is holding its 2nd edition of Augmented Reality Virtual Reality Crystal Ball Event on 25th January. The event will be focused on learning more about the most promising opportunities in the AR/VR ecosystem, as seen through the lens of eminent CXOs in this space.
As per MarketsandMarkets analysis, high-growth markets which contribute to 20% of the revenues today will contribute 80% in the next 5 years.
The AR market is expected to be valued at USD 77 billion by 2025, driven by key use cases in healthcare, retail, etc. Gaming and lifestyle are prominent AR apps that are being downloaded by numerous users. Gaming contributes to about 25% of the total AR app downloads, while lifestyle contributes ~20%.
The VR market is expected to reach a value of USD 21 billion by 2025, growing at a CAGR of ~28% from 2020 to 2025. Due to the increasing demand for hardware devices, the VR market has been witnessing a high growth in recent years. The VR content creation market is expected to witness growth, owing to the inflow of content to fulfil the requirements of different applications using VR HMDs. This will be a massive boost to the growth of the VR market. The event will enable the participants to explore opportunities that are arising in AR & VR by 2025 through a 90-minute brainstorming session among 4 great minds, which will aim at bringing out a tangible action plan to tap into these opportunities.
For more details, please visit: https://events.marketsandmarkets.com/2nd-edition-marketsandmarkets-augmented-reality-virtual-reality-crystal-ball-event/
Press Release : https://www.marketsandmarkets.com/PressReleases/augmented-reality-virtual-reality.asp