From GlobeNewswire: 2024-11-07 09:00:00

The Augmented and Virtual Reality Market is booming, with a projected growth from USD 16.77 billion in 2023 to USD 237.0 billion by 2032, driven by a CAGR of 34.24%. Industries like gaming, healthcare, retail, and education are adopting AR/VR technologies for immersive experiences and improved productivity. Businesses are utilizing AR/VR for training, process optimization, and interactive marketing. The market is expected to expand further with increasing demand for real-time training simulations and remote learning applications. Major players in the market include Microsoft, Sony, Oculus, and Google. The hardware segment dominates the market due to the need for high-performance devices, while the software segment is witnessing rapid growth driven by customized applications and tools for AR/VR experiences.

For more information and to access a sample report on the Augmented and Virtual Reality Market, visit: https://www.snsinsider.com/sample-request/2500. If you have specific queries or require customized research, make an enquiry at: https://www.snsinsider.com/enquiry/2500. The AR and VR market is set to grow with increased demand for specialized software in sectors like healthcare, retail, and entertainment. Segmentation includes technology, components, device types, and verticals. North America leads with the U.S. at the forefront, while the Asia-Pacific region shows rapid growth due to immersive technology adoption and e-commerce expansion.

Recent developments include Meta integrating AI tools for enhanced virtual experiences and Vicarious Surgical partnering for robot-assisted surgery with VR guidance. The market report covers key points like market dynamics, competitive landscape, and regional analysis. SNS Insider offers consulting services for market assessment, TAM assessment, and competitive benchmarking, providing accurate market data for confident decision-making.



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