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Augmented Reality & Virtual Reality Market is Growing at a CAGR of 15.18% & will Reach 1.06 Billion by 2018 – New Report by MarketsandMarkets
Augmented Reality & Virtual Reality Market is Growing at a CAGR of 15.18% & will Reach 1.06 Billion by 2018 – New Report by MarketsandMarkets
(PRWEB) July 30, 2013
According to a new market research report “Augmented Reality & Virtual Reality Market – By Technology (Mobile & Spatial AR, Semi & Fully Immersive VR); By Sensors & Components (Accelerometer, Data Glove, HMD, ICs); By Applications (Medical, Military, Gaming), By Geography (2013 – 2018)” is expected to grow at a CAGR of 15.18% from 2013 to 2018 and reach 1.06 billion in 2018. The data mentioned is for dedicated augmented reality and immersive virtual reality systems only. A separate analysis for mobile based AR and non immersive VR was done.
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Augmented reality is a thriving technology where digital data merges with the real world. This technology superimposes the real world with computer generated data that completely changes the user experience. It changes what we hear, feel and see. The augmented reality technology uses virtual reality to amend with the real world.
The augmented reality technology has shown ubiquitous growth in mobile phone technology featured with a camera and a GPS (Global Positioning System), which allow the users to experience the technology beyond their anticipation. By 2015, the augmented reality technology will be widely used in the education field for advanced learning and for teaching technologies.
The overall augmented reality and virtual reality market is segmented into four major segments, namely: AR & VR components and sensors, AR & VR technology, AR & VR application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately described in the report.
The global dedicated devices augmented reality market is expected to reach $ 659.98 million by 2018, whereas the immersive virtual reality market is expected to reach $ 407.51 million by 2018. The mobile based augmented reality and non-immersive virtual reality market analysis is done separately to maintain the mutual exclusiveness of data sets.
The major driving force of augmented reality technology and virtual reality is the advancement in computer technology and internet connectivity. The increased demand in virtual reality and augmented reality application in the healthcare industry is a direct cause for a tremendous growth in the AR & VR markets. The other driving force for virtual reality and augmented reality technology is the consumer demand in the m-commerce industry.
The technology used in augmented reality applications, i.e. marker-less, is at the apex and is expected to grow rapidly. The major driving factor in this marker-less is the use of GPS and compasses, which are used commonly in smart phones. The technology used in virtual reality application, sensors used, the emerging trends like goggles, contact lenses, and further opportunities are described in detail in the report.
The geographical split for every application is included in the report as the market share of different applications of augmented reality and virtual reality market varies from one region to another. This report describes the overall market into four major geographical segments, namely, North America, Europe, APAC, and ROW. North America and Europe are the market leaders in the overall augmented and virtual reality market, followed by APAC. In ROW, the Middle East and Africa are coming up with this technology because of its benefits in wide range of applications.
The major companies included that offer AR & VR technology in various applications are:
Total immersion (France)
Qualcomm Inc (U.S.)
Metaio GmBH (Germany)
Vuzix Corporation (U.S.)
Layar B.V (The Netherlands)
Wikitude GmBH (Austria) and so on.
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MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
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SmartDebit responds to report showing China?s rapidly growing e-commerce sector
SmartDebit responds to report showing China’s rapidly growing e-commerce sector
(PRWEB UK) 2 May 2013
According to TechCrunch, a report released by the China Internet Network Information Centre (CNNIC), revealed that China’s e-commerce sector increased to a massive 1.3 trillion RMB (US$ 190 billion) worth of transactions during 2012. However, despite the reported increase, online sales only accounted for 6.1 percent of the total retail sales for all consumer goods in China.
The research indicates that the growth was the result of the smartphone penetration, which has introduced the internet to a growing segment of the Chinese population. During the 2nd half of 2012, 40.7 percent of online shoppers used a mobile device to browse goods and services on the internet. Over half of mobile users (53.6 percent) browsed the mobile app version instead of accessing the main website through their mobile’s internet browser.
Findings also show that many are turning to their mobiles instead of their desktop PC’s to research goods online, as 53.3 percent of respondents claimed to use their mobile devices to shop whilst at home. Social media’s influence on China’s e-commerce sector was also revealed, with 41.8 percent of shoppers reporting to first seeing information or promotions for a product on a social media platform before continuing to purchase it.
SmartDebit is constantly keeping up-to-date with the way people pay for goods and services, both in the UK and abroad. The Surrey-based firm facilitate Direct Debit collections on behalf of organisations across the UK. A spokesperson from the bureau commented on the latest research:
“The latest research from the CNNIC is rather impressive, however being the economic superpower that China is I would expect this growth rate to increase further during 2013. Much like the western world, China is experiencing rapid smartphone penetration, providing more people with access to the internet than ever before.” He continues, “The UK is one of the largest digital markets in the world, businesses must invest in the e-commerce channel as well as optimising for mobile viewing to increase their customer base.”
SmartDebit provide organisations with the ability to sign payers up to Direct Debit via their e-commerce facility.
About SmartDebit
SmartDebit is the UK’s leading Direct Debit bureau, specialising in payment processing on behalf of businesses, not-for-profits and public sector authorities since 1998. A Bacs approved bureau scoring ‘Excellent’ ratings in all five categories of the Bacs audit, and is ISO 27001 certified.
Offering paper and paperless Direct Debit options, the SmartDebit service encompasses the SmartDebit Admin® cloud-based portal to administer payments, SmartDebit Online® to sign payers up via a website, SmartDebit API® for the full integrated solution and SmartDebit Contingency® for disaster recovery.
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Computer Maintenance Services in Australia Industry Market Research Report Now Updated by IBISWorld
Computer Maintenance Services in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) December 06, 2012
Few people in Australia are comfortable repairing their own computer. Consumers continue to view internal operations of computers as complicated, although this has not translated to booming demand for the Computer Maintenance Services industry in Australia. Businesses today have made two clear shifts in operations that spell trouble for the long-term viability of computer maintenance providers. According to IBISWorld industry analyst Craig Shulman, “the tendency to lease computers rather than buy them often means that computers are replaced when, or before, they malfunction”. Furthermore, the increasing presence of comprehensive, in-house IT teams means that many repairs can be conducted at minimal cost. An influx of IT specialists occurred in the late 1990s due to the dot-com crash. Subsequent consolidation of the IT industry has meant abnormal growth in the number of firms offering maintenance services as many operatives established their own repair companies after being retrenched from a downsizing industry.
As a result, the Computer Maintenance Services industry in Australia is facing an uncertain future, especially after a difficult past five years. During the five years through 2012-13, industry revenue has contracted at an annualised rate of 0.2%. In 2012-13, industry revenue is forecast to increase by 1.3% to $ 1.8 billion. “The rapid pace of technological advancements, the growing need for faster processing speeds and the falling price of consumer electronics mean that replacing a faulty machine is often more economical than repairing it”, adds Shulman. In the aftermath of Australia’s economic downturn, companies are resorting to maintain servers and other peripheral equipment, and households are also following suit with their personal computers.
Today, while the IT industry at large has recovered, the need for repairs is falling and appears set to continue a downward trajectory. Industry revenue is forecast to decline in the five years through 2017-18, as private households become increasingly willing to lease computers, and as the price of consumer electronics continues to drop, resulting in decreased demand for repairs. The largest four operators are Hewlett-Packard Australia, IBM A/NZ, UXC and Symantec Australia, and account for the majority of industry revenue. IBISWorld expects that over the past decade, market share concentration has declined as the number of suppliers of computer equipment increased, and larger computer vendors outsourced some maintenance functions. The industry is becoming increasingly fragmented, as smaller firms specialise in skills that are in higher demand.
For more information, visit IBISWorld’s Computer Maintenance Services report in Australia industry page.
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IBISWorld industry Report Key Topics
Competitors in this industry provide computer maintenance and repair services, including the repair of computer peripheral equipment such as servers. Repairs also include diagnostic efforts on poorly designed or installed software and hardware.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
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Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
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Annual Change
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About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.