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How Is Rising Smartphone Use Supporting AR and VR Market Growth? A number of factors such as the mounting focus of vendors on price reduction, surging penetration of tablet computers and smartphones, and increasing adoption of advanced technologies by enterprises will drive the augmented reality (AR) and virtual reality (VR) market at a CAGR of 42.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $37.0 billion in 2019, and it is projected to reach $1,274.4 billion revenue by 2030. One of the key growth drivers for the market is the surging adoption of smartphones and tablet computers across the world. Consumer electronics, such as tablets, smartphones, laptops, and gaming consoles, have become potential hardware interfaces for the associated applications. For instance, the 2018 "Measuring the Information Society Report" published by the International Telecommunication Union (ITU) states that the global average mobile subscription rate is 107.0 per 100 inhabitants. As per the report, almost every individual in the world resides within the reach of a mobile-cellular signal. In recent years, the escalating investments being made by tech corporations and venture capitalists in AR and VR start-ups have become a prominent trend in the AR and VR market. With these investments, start-ups and technology providing companies are focusing on introducing new and improved AR and VR products. For example, in 2019, Coursera, Guild Education, and BetterUp, which are some of the leading EdTech companies in the U.S., received $103 million from SEEK Group, $157 million from General Catalyst, and $103 million from Lightspeed Venture Partners, respectively. The device type segment of the AR and VR market is bifurcated into AR devices and VR devices. The AR devices category is further classified into head-mounted displays (HMDs), head-up displays (HUDs), and handheld devices. Whereas, the VR devices category is classified into HMDs, gesture-tracking devices, and projector and display walls. Under this segment, the HMDs category held the largest market share during the historical period (2014–2019), and it is expected to demonstrate significant growth during the forecast period, due to the booming demand for lightweight displays and soaring number of patented products. Geographically, North America accounted for the largest share in the AR and VR market during the historical period, and it is projected to register notable growth throughout the forecast period. This can be credited to the increasing application of AR and VR technologies in the e-commerce and healthcare industries in the region. Of the North American nations, the U.S. emerged as the global leader due to the existence of leading market players, such as AccuVein Inc., in the country. Whereas, the Asia-Pacific (APAC) region is expected to demonstrate the fastest growth in the AR and VR market throughout the forecast period. This will be due to the presence of a vast population of tech-savvy youth and the high popularity of AR- and VR-enabled gaming in the region. Due to these reasons, numerous leading players are focusing on introducing AR and VR devices in the region. For instance, in October 2019, LG Uplus Corporation and eyecandylab Corporation launched U+AR Shopping, an AR service for online shopping portals, in APAC. Thus, the rising use of smartphones and tablet computers and mounting investments being made in AR and VR start-ups will support the market growth in the foreseeable future. Read More: https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market

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Analyzing the Asia-Pacific E-SIM Market: Drivers, Opportunities, and Trends The winning Asia-Pacific E-SIM market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. This market document is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis, and key company profiles. During the forecast period, manufacturers involved in the E-Sim market likely benefit significantly from increased awareness of the advantages of E-Sim and investments in various organizations. Data Bridge Market Research analyses that Asia-Pacific E-Sim market will grow at a CAGR of 13.8% during the forecast period of 2023 to 2027. Browse Full Report Along With Facts and Figures @ https://www.databridgemarketresearch.com/reports/asia-pacific-esim-market Market Overview: An embedded SIM, or E-Sim, is a small chip component that cannot be removed. It’s a programmable SIM card that’s physically connected in smartphone’s motherboard. E-Sim cards are found in a wide range of consumer products, such as smartphones, wearables, and computers. They are also included in smart meters, medical IoT devices, home automation, security systems, connected cars, IoT asset tracking devices, and handheld POS (Point of Sales) systems. Asia-Pacific E-Sim Market Scope The Asia-Pacific E-Sim market is segmented into nine notable segments, which are based on component, connectivity, data plan, pricing model, architecture, network type, deployment mode, compatible device, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications. COMPONENT · HARDWARE · SERVICES · On the basis of component, Asia-Pacific E-Sim market is segmented into hardware, and services. Some of the major players operating in the market are Telefónica, Semtech Corporation, Giesecke+Devrient GmbH, AT&T, Orange, Arm Limited, KORE Wireless, Workz, Oasis Smart-SIM, Vodafone Group, STMicroelectronics, Thales, Deutsche Telekom AG, NXP Semiconductors, Infineon Technologies AG, Telit, IDEMIA, TP Asia-Pacific Operations Limited, Sinch, Singtel, and Etisalat, among others. Browse Trending Reports: https://www.databridgemarketresearch.com/reports/global-payment-processing-solutions-market https://www.databridgemarketresearch.com/reports/global-influencer-marketing-platform-market https://www.databridgemarketresearch.com/reports/global-building-information-modelling-market https://www.databridgemarketresearch.com/reports/global-sports-analytics-market https://www.databridgemarketresearch.com/reports/global-artificial-intelligence-market About Data Bridge Market Research: An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune. Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating. Contact Us: - Data Bridge Market Research US: +1 888 387 2818 United Kingdom: +44 208 089 1725 Hong Kong: +852 8192 7475 Email: – corporatesales@databridgemarketresearch.com