Augmented Reality and Virtual Reality Market Growth Opportunities and Regional Outlook till 2029
Growth of Augmented Reality and Virtual Reality Market are scheduled to accelerate at a high CAGR of 32.5% to reach USD 190.07 billion by 2029 during Forecast Period from 2022 to 2029. Augmented Reality and Virtual Reality Market Overview Rapid development of the IT sector positively effects the market as novel solutions are launched by the key industry players. Strategic moves and developments such as partnerships, agreements, collaborations, and mergers provides a competitive edge to the Augmented Reality and Virtual Reality market. The global Augmented Reality and Virtual Reality market is segmented created on component, deployment model, organization size, industry vertical, and geography. However, high dependency on the internet and the concerns for cloud security restrain the Augmented Reality and Virtual Reality market growth in the market. Moreover, the rising adoption of cloud-based services by small and medium enterprises across the world is likely to deliver beneficial op