Global Industry Insight: Augmented Reality and Virtual Reality Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

The major factors driving the augmented reality and virtual reality technology are the advancement in internet connectivity, and computer technology. The increased demand of augmented reality and virtual reality applications in healthcare industry is a major cause for the tremendous growth of the Augmented reality and virtual reality market. The other driving force for virtual reality, and augmented reality technology is the user demand in mobile-commerce industry. The driving factor for the “marker less” augmented reality market includes the use of GPS and compass, which are used commonly in smartphones. The emerging trends of goggles, contact lenses, and other such devices are the key reasons for the growth of the global virtual reality market.

To Browse Full Report Visit Here: www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market

Augmented reality is the combination of virtual reality and real life. The augmented technology covers the real world with computer generated data, which entirely changes the consumer experience. It changes what we see, feel, and hear. Augmented reality is a direct, indirect, or live view of a real-world environment, whose features are supplemented by a system generated sensory input involving video, graphics, and sound or GPS data.

Virtual reality involves the creation of a virtual world that interacts with consumers. This virtual world is designed in a way that it appears more realistic to the users, while they can’t differentiate between the real and virtual. Moreover, virtual reality could be experienced by wearing a virtual reality helmet, or goggles similar to oculus rift (which is a virtual reality headset device that completely engages users within the virtual world). Oculus rift is expected to be one of the key drivers for the global augmented and virtual reality market, with its launch in the first quarter of 2016. In virtual reality the user is secluded from the real world, and is immersed in a world that is completely fictional. With augmented reality, users continue to be in touch with the real world, while interacting with virtual objects around them. The virtual reality is mainly used for video games, and social networking in a virtual environment, such as PlayStation Home.

Browse For Related Reports: www.psmarketresearch.com/industry-report/ict-and-media

The technology giants are making huge investments in the global augmented and virtual reality market, such as Facebook's $2 billion acquisition of Oculus virtual reality (VR) headset. Samsung through innovation with Oculus VR has also produced virtual reality devices for use, along with its top leading smartphones.

Augmented Pixels Inc, Aurasma, EON Reality Inc., Innovega Inc, OCULUS VR, LLC, Laster Technologies, Kishino are some of the major competitors, of the global augmented reality and virtual reality market.

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

Identifies the key drivers of growth and challenges of the key industry players.

Also, assesses the future impact of the propellants and restraints on the market

Uncovers potential demands in the market

Porter analysis identifies competitive forces within the market

Provides information on the historical and current market size and the future potential of the market

Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)

Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions

Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:

Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.