Posted 3/12/2024, 6:02:00 PM
Augmented and Virtual Reality Market Set for 11.7% CAGR Growth to $38.69 Billion by 2028, Driven by Entertainment Sector Demand and AI/Cloud Advances
- Market projected to grow from $24.89 billion in 2024 to $38.69 billion in 2028, at a CAGR of 11.7%
- North America currently dominates market share, Asia-Pacific to see fastest growth
- Advancements in real-time rendering and AI to redefine industry standards
- Entertainment sector demand, innovative production methods, and immersive tech contributing to growth
- Cloud-based services and AI integration expected to boost industry development