Index AR Solutions Predicts $105 billion Enterprise AR Market in US by 2031

A press release dated July 12, 2016 reveals that research done by Index AR Solutions forecasts that Augmented Reality in the enterprise will be a $105 billion market for U.S. companies within 15 years.

The research states that those enterprises that choose to be early adopters will gain competitive advantage within their industries. The breakdown of $105 billion is portioned to $49 billion in hardware, $11 billion in software and $45 billion in services. The research authors are Index AR Solutions President and CEO Dan Arczynski, Executive Vice President and COO Dexter Lilley and Director of Operations John Arczynski.

A summary of the key findings are as follows:

  • Enterprises can take advantage of current Augmented Reality technology now and achieve “dramatic top line and bottom line results”
  • Augmented Reality is already ready for enterprise implementation, and ROI can be proven with revenue, cost and quality improvements
  • There are no sectors and industries that cannot benefit from Augmented Reality
  • The value of Augmented Reality can be realized with the first application and every subsequent one, often without large investment

The Index AR Solutions market perspective will be an interesting read for enterprise innovators keen on adopting the technology to gain competitive advantage in their industry.

The market perspective can be downloaded from the Index AR Solutions website. Index AR Solutions is teamed with Newport News Shipbuilding (NNS), one of AREA’s members. Their profile can be read here.

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