Augmented Reality and Virtual Reality Market forecast, 2021-2028
AR and VR Market The AR and VR Market was valued at USD 22,500 million in 2020, growing at a CAGR of 55.7% over the forecast period (2021-2028). The factors driving the growth of AR and VR Market includes growing application of Augmented Reality (AR) and Virtual Reality (VR) in end-use industries such as aircraft, healthcare, real estate and Automotive, growing internet penetration and booming gaming industry. According to the report published by Bloomberg, the Global Metaverse Market is anticipated to reach USD 678.8 billion by 2030, exhibiting a CAGR of 39.4% over the forecast period, which is expected to accelerate the AR and VR Market Growth in the approaching years. Moreover, the increasing investment by Venture Capitalists on VR/AR based start-ups, growing number of consumer electronic devices and increasing demand for AR in the retail and e-commerce sector, are some of the additional factors supplementing the AR and VR Market share . As per Crunchbase News, the around US...