Friday, December 9, 2022

Metaverse spurs Augmented/Virtual Reality growth & the big shift from mobile to wearables ⭐

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How is metaverse shifting the focus from mobile to wearables and spurring the growth of AR and VR? Augmented & Virtual Reality (AR & VR) have gone through several hype cycles but are yet to become mainstream. However, ever since Facebook announced the metaverse, there has been a fresh burst of activity in this technology, with several exciting use cases and case studies emerging over the last few months. The global AR and VR market is projected to grow from $37.0 billion in 2022 to $114.5 billion by 2027; it is expected to grow at a CAGR of 25.3% from 2022 to 2027. Companies are in fierce competition to own the underlying infrastructure of AR development platforms that will power the future of immersive experiences — and potentially the internet. Just as the iPhone he...

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