Global Augmented and Virtual Reality Content and Application Market Growth (Status and Outlook) 2020-2024. “ The report on Global Augmented and Virtual

What is the best sector to begin a startup business?

For me its VR (Virtual Reality) and AR (Augmented Reality) industry.

Here are some stats on why its good:

Credits: The Statistics Portal

  1. In 2021, the augmented and virtual reality market is expected to reach a market size of 215 billion U.S. dollars.
  2. By 2025, it is predicted that augmented and virtual reality software for video games will have 216 million users worldwide and be worth 11.6 billion U.S. dollars.
  3. In 2018, consumer hardware spending is expected to account for 15.6 percent of global AR/VR spending that year. Total AR/VR spending worldwide is projected to amount to 17.8 billion U.S. dollars in 2018.
  4. In 2018, AR devices are projected to generate 54 billion U.S. dollars in revenue.

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