AR+VR Markets to Reach $133.78 Billion by 2021, with Annual Compound Growth Rate of 85.2%

According to recent report by Zion Research, published by

Virtual Reality (VR) and Augmented Reality (AR) were popular topics in 2016 and the industry is now considered as the technology of the future. The development of AR technology is changing the way people see and learn. According to a research report published by Zion Research, augmented reality market is expected to reach approximately $133.78 billion by 2021, with an annual compound growth rate of 85.2%. The research indicates that High penetration of smartphone and escalating convergence between AR and wearable devices continue to drive demand for the market. Vuzix Corporation (NASDAQ: VUZI), VMware Inc. (NYSE: VMW), QUALCOMM Inc. (NASDAQ: QCOM), STMicroelectronics (NYSE: STM), Alphabet Inc. (NASDAQ: GOOGL),

The revolution of Augmented reality applications brings people a different kind of living experiences. For example, TryLive by Total Immersion changes consumers’ shopping experience by enabling virtually try-on glasses, clothes and many accessories…

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