Why AR and VR are the future

As the metaverse develops at an accelerated pace, the expansion of AR, VR and MR is inevitable. The pandemic has acted as a catalyst in creating a virtual world where we can experience many of the same social events and interactions that we enjoy in the physical world. Company investments are shifting, and the performance of head-mounted displays (HMDs) and other smart device technology will progress with it. Take the following statistics into consideration:

• According to BCG and Mordor Intelligence survey, the current market value for AR/VR/MR is around $30.7 billion, and the market size worldwide of the AR/VR/MR market is to rise to $300 billion by 2024.

• Seven percent of the U.S. population uses VR, and 28.1% use AR monthly, based on an Insider Intelligence and eMarketer report.

• Upskill predicts that 6 million smart glasses will equip U.S. workers in two years.