In a recent news report, ABI Research have forecasted the Augmented Reality Enterprise applications will hit an inflection point in 2018. Smart glass shipments are increasing to 20 million in 2021 with a compound annual growth rate of 227%.
ABI Research have also forecasted total market revenues across many devices, platforms and licensing and have said that this market is to reach $96 billion in 2021. The fastest growing markets with a 323% compound annual rate are energy, manufacturing and logistics however the healthcare and media and entertainment markets are the fasted with a 400% CAGRs.
Senior Analyst at ABI Reasearch, Eric Abbruzzese has said “2016 was a year of discovery for AR, with the industry focusing on initial ROI metrics, pilot phases will continue into 2017, with early adopters moving to more substantial deployments.
“New AR customers will be excited by positive performance indicators across the market, with the promise of increased workforce efficiency and error reduction. 2018 will be the year all verticals experience a significant jump in AR adoption rates.”
This can be attributed to three factors:
- Significant time in market for pilot phases and small deployments to provide success indicators
- Greater breadth and depth of use case support through platforms
- An overall more mature market in terms of deployments, integrations, and usage.