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The augmented reality (AR) and virtual reality (VR) market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Information Technology Include:
Global Automotive Augmented Reality and Virtual Reality Market - Global automotive augmented reality and virtual reality market is segmented by technology (AR and VR) and geography (Europe, APAC, North America, MEA, and South America). Get an Exclusive Free Sample Report
Global Extended Reality Market - Global extended reality market is segmented by application (VR, AR, and MR) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Major Three Augmented Reality (AR) And Virtual Reality (VR) Market Participants:
Alphabet Inc.
Alphabet Inc. operates its business through segments such as Google and Other Bets. The company offers Daydream View. It is a virtual reality platform developed by Google, for use with a headset into which a smartphone is inserted.
HP Inc.
HP Inc. operates its business through segments such as Personal Systems, Printing, and Corporate Investments. The company offers HP REVERB VIRTUAL REALITY HEADSET - PRO EDITION. It is an advanced virtual reality platform, used with a headset for various professional uses.
Facebook Inc.
Facebook Inc. operates its business through the Unified segment. The company offers Oculus Rift S: It is an advanced VR gaming system powered by a PC.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/augmented-reality-and-virtual-reality-market-industry-analysis
Augmented Reality (AR) And Virtual Reality (VR) Market 2020-2024: Segmentation
Augmented reality (AR) and virtual reality (VR) market is segmented as below:
- Technology
- Geography
- North America
- APAC
- Europe
- South America
- MEA
The augmented reality (AR) and virtual reality (VR) market is driven by increasing demand for AR and VR technology. In addition, other factors such as the increasing number of M&A activities are expected to trigger the augmented reality (AR) and virtual reality (VR) market toward witnessing a CAGR of over 35% during the forecast period.
Get more insights about the global trends impacting the future of augmented reality (AR) and virtual reality (VR) market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43509
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