Augmented reality market grows

vaulted-glass-ceiling-of-the-shopping-arcade-galleria-vittorio-emanuele-ii-sami-sarkisWhile virtual reality is considered to be a sector with big growth now and in the future, market research company ABI Research said augmented reality (AR) products will be a bigger market in the future.

ABI said that the market will be worth around $100 billion by 2020.

AR includes products like so-called “smart glassses”, and analysts believe 21 million units will ship in 2020, showing a compound annual growth rate (CAGR) of 78 percent between this year and 2020.

Revenues will come from different vertical markets including education, gaming, healthcare, industrial and retail.

Virtual reality revenues will also grow at a similar rate but occupy a much smaller market.

ABI believes that mobilee devices will account for software and content revenues.

But high end verticals including healthcare and various industrial sectors will buy high end devices, and so bring in bigger revenues.