COVID-19 Analysis
The impact analysis on covid-19 by MRFR suggests that augmented reality (AR) and virtual reality (VR) solutions can significantly contribute while bracing for the impact of the pandemic, in addition to addressing the emerging challenges. The COVID-19 outbreak has compelled a number of pharmaceutical firms and healthcare institutes to enhance their R&D spending in artificial intelligence (AI), which is the core technology for several initiatives. Semiconductor is one of the many industries currently dealing with the pressure in terms of finance.
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In the face of novel coronavirus, VR/AR is the best medium in e-learning, which is especially instrumental in the current lockdown situation that has led to closure of universities and schools. VR/AR and associated tools like AR and VR smart glasses are proving to be a valuable solution in offering remote assistance, preventing unnecessary travel. Considering the long-term impact of covid-19, governments are doing everything they can by implementing many policies and initiatives including exceptions in tax, reduction in interest rates and financial packages. The work from home strategies prevalent across companies, online classes combined with the rising trend of the BYOD policies are boosting the demand for connected devices, laptops, computers, and various storage solutions. While the countries are rushing to achieve a covid-19 breakthrough, this demand is only going to increase, boosting the growth prospects of the AR and VR smart glasses.
Top Boosters and Main Deterrents
In May 2020, Vuzix Corporation, a well-known supplier of AR smart glasses, received approval for its orthopedic navigation system called Knee+ for complete knee arthroplasty. Knee+ makes use of M400 smart glasses to accurately track the implants and instruments during surgeries. This is one instance of the many product launches and similar effective strategies adopted by the leading players to gain a better position and induce growth of the AR and VR smart glasses market.
The AR and VR smart glasses market can record considerable growth despite the SARS-CoV-2 outbreak, on account of advancements in mobile software and hardware technologies. Popular trends like increasing convergence between AR and VR, wearable devices and Internet of Things or IoT can also boost the product demand. This convergence between the technologies helps provide a highly immersive and interactive user experience.
Emerging conceptualization in almost all the entertainment-related aspects is touted to be an attractive opportunity for the AR and VR smart glasses industry. For instance, Magic Leap, an AR company has built a technology known as Dynamic Digitized Lightfield Signal, which shines on the user’s retina, allowing interaction between the real world and the fictional characters. The mounting demand for AR devices in medical training and education, inpatient care management, along with the rising focus of tech giants in AR and VR leading to higher investments, benefit the global market. Moreover, post lockdown, governments are busy promoting these technologies for multiple use cases, which can induce growth in the demand for AR/VR devices like smart glasses.
Market Segmentation
The AR and VR smart glasses industry has been considered for device type, product, and application.
The device types covered in the study include binocular as well as monocular.
The products assessed in the report are integrated smart glasses, external smart glasses and mobile phone smart glasses. The external smart glasses segment could be leading shareholder in the market, because of their rising use in gaming and other applications. Increased adoption of cloud-based technologies also drives their demand in the AR and VR smart glasses market.
The application areas of AR and VR smart glasses include education, industrial, gaming, commercial and military. The lead is expected to be taken by the commercial segment given the soaring demand for virtual reality and augmented reality applications in retail and e-commerce sectors.
Regional Study
The regional study of the AR and VR smart glasses comprises APAC or Asia Pacific, North America, Europe, and RoW and Rest of the World.
The escalating demand for VR and AR in architecture could be a lucrative opportunity, ensuring North America’s dominance in the global market during the appraisal period. The rising use of AR and VR smart glasses in construction projects is also inducing significant market growth in the United States as well as Canada. Furthermore, video gaming has emerged as the fastest-expanding entertainment industry in the region, which is another reason for the high demand for AR and VR smart glasses. Apart from this, the AR and VR technology has gained immense importance in the healthcare sector, majorly deployed in medical training applications.
It is presumed that Europe can gain at the fastest rate in the approaching years, thanks to the rising use of AR and VR technology and related tools for training healthcare students, improving fitness, educating doctors, caring for patients and managing pharmacy and more. The stupendous expansion in consumer and commercial markets can also lead to better business prospects.
Notable Vendors
Google Inc. (U.S.), Avegant (U.S.), Atheer (U.S.), Oculus VR (U.S.), Seiko Epson Corporation (Japan), Optinvent (France), MicroOLED (France), Osterhout Design Group (U.S.), Samsung Group (South Korea), Royole Corporation (U.S.), Razer Inc. (U.S.), Sony Corporation (Japan), Ricoh (Japan), Microsoft Corporation (U.S.), Kopin Corporation (U.S.), HTC Corporation (Taiwan), Vuzix (U.S.), Jenax (South Korea), Imprint Energy, Inc. (U.S.), FlexEl, LLC. (U.S.), are the notable vendors in the AR and VR smart glasses market.
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This report has published stating that the global AR and VR Smart Glasses Market is anticipated to expand significantly at a CAGR of 13% during the forecast period.
This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis.
The report offers an in-depth analysis of the market following the coronavirus disease outbreak.
This report provides a historical synopsis of the AR and VR Smart Glasses market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.Emerging conceptualization in almost all the entertainment-related aspects is touted to be an attractive opportunity for the AR and VR smart glasses industry.
The impact analysis on covid-19 by MRFR suggests that augmented reality (AR) and virtual reality (VR) solutions can significantly contribute while bracing for the impact of the pandemic, in addition to addressing the emerging challenges.
Furthermore, video gaming has emerged as the fastest-expanding entertainment industry in the region, which is another reason for the high demand for AR and VR smart glasses.
Market ScopeMarket Research Future (MRFR) reveals in its new research study that the AR and VR smart glasses market 2020 can procure an approximate growth rate of 13% between 2020 and 2027 (appraisal period).
While the countries are rushing to achieve a covid-19 breakthrough, this demand is only going to increase, boosting the growth prospects of the AR and VR smart glasses.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4837Top Boosters and Main DeterrentsIn May 2020, Vuzix Corporation, a well-known supplier of AR smart glasses, received approval for its orthopedic navigation system called Knee+ for complete knee arthroplasty.
Knee+ makes use of M400 smart glasses to accurately track the implants and instruments during surgeries.
This convergence between the technologies helps provide a highly immersive and interactive user experience.Emerging conceptualization in almost all the entertainment-related aspects is touted to be an attractive opportunity for the AR and VR smart glasses industry.
For instance, Magic Leap, an AR company has built a technology known as Dynamic Digitized Lightfield Signal, which shines on the user’s retina, allowing interaction between the real world and the fictional characters.
The mounting demand for AR devices in medical training and education, inpatient care management, along with the rising focus of tech giants in AR and VR leading to higher investments, benefit the global market.
OverviewMarket Research Future (MRFR) has recently published an in-depth report on the global online classified market, compiling the key factors that can impact the market over the forecast period of 2018-2023.
The expansion of 3G and 4G service network and rising affordability of smart devices and data tariffs are other factors fostering the growth of the market.On the other hand, the growth of the market might be hindered by a considerable rise in online fraudulent activities.
various malicious websites are found on the internet, which involves consumers in cyber breaches and payment frauds.
Competitive LandscapeMasig (Singapore), Microsoft Corporation (US), Syoknya (Malaysia), Claseek Pte.
An increasing number of business enterprises who are outlaying massive amounts on online advertising to reach out to a broader consumer base is supporting the growth of the market.
Expanding user base of internet in the region has provided lucrative growth opportunities to the market.
This, in turn, is anticipated to accelerate revenue creation for key vendors in the market.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/6498The development of cloud-based systems has opened avenues of growth opportunities for the key players.
With the boom witnessed in the global startup ecosystem, a boost in the sales of document management system software is predicted.
Favorable pricing and subscription fee policy is the key area of focus for the market participants for capitalizing on the startup culture.The product has developed application across a wide spectrum of end-user industries such as healthcare, BFSI, and others.
This trend is anticipated to continue in the foreseeable future.Report Overview:MRFR presents a thorough analysis of the global document management system market.
It includes a comprehensive study of the key market elements such as consumer behavior, the current status of the market and historical trends.
Mergers and acquisitions, strategic collaborations and product launches are among the leading growth strategies adopted by prominent market players.Get Complete Report @ https://www.marketresearchfuture.com/reports/document-management-system-market-6498Market SegmentationMRFR’s report covers key segments that make up the global document management system market.
Concepts such as Bring your own Device, Smart Manufacturing, Smart Asset Management, Smart Networking and Data Storage are some of the few parts of IOT in an organization.
A study shows that by end of year 2021, the Internet of Things will have more than 200 billion connected devices helping the organization and personals in their daily activities.
These devices will be transmitting enormous amount of data into the server.
Organization are opting new software’s and technologies to store and organize these data’s and retrieve it when it is necessary.
In a manufacturing companies, where the deployed sensor will be monitoring each and every aspect of the production, through the mobile BI, an executive can have the exact number about the production status within few seconds.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2364 Competitive Outlook: The key players of global mobile business intelligence (BI) market report include IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Micro Strategy (U.S.), SAS Institute (U.S.), Tableau Software (U.S.), Information Builders (U.S.), TIBCO Software (U.S.), Yellowfin International Pty Ltd. (U.S.), and others.
Market Synopsis The global data quality tool market is evaluated thoroughly, and the evaluation has established that the data quality tool market is anticipated to hold a substantial value of USD 1539 million, expanding at a CAGR of 16% during the assessment period.
It is to be noted here that the increasing speed of data accumulation is another factor leading to market expansion during the assessment period from 2017 to 2023.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3873 Market Segmentation The global data quality tool market can be distinguished on the grounds of data type, component, vertical, deployment, organization size, and geography.
On the grounds of component, the global data quality tool market can be segmented into services and solutions.
On the grounds of geography, the global data quality tool market can be segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).Regional Analysis The global market is projected to grow generously during the assessment period.
Also, the adoption of developed technologies like the Internet of Things, strict data regulation, and the establishment of robust vendors is likely to augment the market presence.
