The Augmented Reality Companies Propelling The AR Market To $60 Billion By 2023

Augmented Reality Companies To Invest In

If you are looking for Augmented Reality companies to invest in, TechRepublic has a recent article outlining “The companies propelling the AR and VR Markets to $95 Billion by 2023.” The article is based on an Augmented Reality and Virtual Reality Market and Markets research report showing that “The AR market is forecast to reach $60.55 billion by 2023—up from $11.14 billion this year, at a CAGR of 40%, the report found. The VR market is forecast to reach $34.08 billion by 2023 (compared to $7.9 billion this year), growing at a CAGR of 34%.”

A few other notable stats from the article and research report:

The increasing demand for AR devices in healthcare, growing demand for AR in retail and e-commerce, and rising investment in the augmented reality market are the major drivers for the augmented reality market.
AR and VR are gaining ground in the enterprise, with AR showing the strongest potential for growth with its business-oriented applications.
The report also profiles the key players in the augmented reality and virtual reality market. These key players are Sony (Japan), Oculus (US), Samsung (South Korea), Google (US), HTC (Taiwan), PTC (US), Microsoft (US), Wikitude (Austria), DAQRI (US), Zugara, (US), Blippar (UK), Osterhout Design Group (US), Magic Leap (US), Upskill (US), Continental (Germany), Visteon (US), Eon Reality (US), and Vuzix (US).

At Zugara, we are definitely excited to be listed as one of the top augmented reality companies driving the AR market forward. There are also quite a few augmented reality companies to invest in if you are looking for Augmented Reality startups vs. public companies active in the AR space. We have written prior blog posts that outline lists of Augmented Reality and Virtual Reality companies as well as other Augmented Reality and Virtual Reality Market research reports. We have listed the most relevant blog posts below:

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