Worldwide shipments of Augmented Reality (AR) headsets are forecast to decline 8.7% year over year to nearly 260,000 units by the end of 2022, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.

The Indian software market grew by 16.0% year over year (YoY) in 2H19 (July- December of 2019), compared to 2H18 (July- December of 2018). However, the YoY growth is estimated to fall to 3.8% in 2H20, with a CAGR of 7.6% from 2019 to 2024.

Augmented reality (AR) and virtual reality (VR) have the potential to shake up the customer experience in such a profound matter that 100 million consumers will shop in AR online and in-store by 2020, Gartner forecasts.

The consumer Virtual Reality (VR) market continues to dominate in terms of both shipments and value chain revenue, and by 2023 the consumer VR hardware market will reach $5 billion in revenues, according to a recent report by ABI Research.

Nearly 10 percent of industrial smart glasses and standalone virtual reality (VR) devices will have a 5G connection by 2026, according to a new forecast from ABI Research. Additionally, augmented reality (AR) is growing in presence in industrial applications such as smart manufacturing and remote operation of industrial machinery.