GrowthEnabler Releases New AR & VR Market Pulse Report For the UK

by Sean 425 views0

The UK and Inda based business research and intelligence company GrowthEnabler has just released a new 2016 AR & VR Market Pulse Report for the UK. The report has a lot of useful information about upcoming disruptive and innovative UK based AR/VR products and businesses as well as the industry as a whole.

gi2016_infograph2

Here are some key points of interest:

  • The AR/VR market from 2016 to 2022 places a large projected CAGR forcast for AR to dominate VR. This is info that we somewhat anticipated, but the margin is huge.
  • The report states that the AR market will reach $117.4 billion CAGR while VR will reach only a $39 Billion CAGR.
  • Hardware will lead at 53% while software will take 43%.
  • There are currently about 800+ companies in AR/VR segment around the world with 150+ based out of the UK. This seems like a relatively low number in comparison to the amount of investment flowing in.
  • Not surprisingly, AR/VR funding has grown by 85% in 2016 in comparison to 2015.

The report is free and can be downloaded via their website at: http://www.growthenabler.com/download-tools

Take a look and let us know your thoughts.

About GrowthEnabler:

GrowthEnabler is a UK and inda based company that provides easy-to-use Innovation Research, Growth Intelligence, Tools & Templates for businesses, entrepreneurs and startups.

Sean

Sean Earley is the Executive Editor of AR/VR Magazine, Virtual Reality Consultant at INSCALE, an author, blogger, musician, artist and virtual reality freak. He Loves coffee, guitars and making cool stuff.

You Might Be Interested In These: