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Showing posts with the label AR and VR Market Size

Surging Use of Smartphones Driving Demand for AR and VR Solutions

In recent times, the uptake of tablet computers and smartphones has increased massively, primarily because of the rapid digitization of various business operations and the large-scale penetration of the internet. This has played a major role in propelling the worldwide demand for augmented reality (AR)/virtual reality (VR) solutions.   According to the World Bank, around 49% of the global population had access to the internet in 2017. With the extensive usage of these consumer electronic devices, the development of mobile applications has increased massively. For instance, the total number of smartphone users all over the world rose to around 3.5 billion by the end of 2020, registering a growth of nearly 9.3% from 2019. AR and VR Market Business Analysis, Growth and Forecast Report Apart from the aforementioned factor, the growing requirement for advanced technologies among enterprises operating in various verticals is also pushing up the demand for AR and VR solutions. These solu...