Florida Augmented and Virtual Reality Market Expected to Reach USD 21.37 million by 2030 | Top Players such as – EON Reality, Apple & Facebook

Rise in the adoption of augmented & virtual reality in healthcare, increase in popularity of AR & VR in the gaming industry, and hike in smartphone penetration are the factors driving the Florida Augmented and Virtual Reality Market growth. On the other hand, a lack of security standards and sub-standard user experience design create restraints for the market to grow.

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The report offers detailed segmentation of Florida augmented and virtual reality market-based organization size, application, and industry vertical. Based on the application, the consumer segment accounted for the largest market share in 2020, contributing to more than half of the total share. On the other hand, the enterprise segment is estimated to witness the fastest CAGR of 51.7% from 2021 to 2030.

Based on the organization size, the large enterprises segment contributed to the largest share in 2020, accounting for nearly three-fourths of the Florida augmented and virtual reality market, and is expected to maintain the leading position throughout the forecast period. However, the small & medium-sized enterprises segment is expected to lead the market with the manifestation of the highest CAGR of 54.1% from 2021 to 2030. 

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Based on industry vertical, the gaming segment contributed to the largest share in 2020 attributing to nearly two-fifths of the market. The same segment is anticipated to maintain the lead throughout the forecast period. On the other hand, healthcare segment is expected to manifest a CAGR of 54.5% from 2021-2030.

Leading players of Florida augmented and virtual reality market analyzed in the research include EON Reality, Apple Inc., Sony Corporation, FACEBOOK, Intel Corporation, Alphabet (Google Inc.), Marxent Labs, Microsoft Corporation, MAGIC LEAP, INC. and zSpace, Inc.

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Impact of Covid-19 on Augmented and Virtual Reality Market Florida-

  • The COVID-19 pandemic has led to a slight decline in revenue of Florida augmented reality and virtual reality market.
  • Various industries are adopting new digital technologies to recover from the loss suffered due to the pandemic situation across the globe. 
  • The need for virtual healthcare advice is boosting the adoption of telemedicine. Florida has authorized medical professionals to offer telehealth consultations.
  • Rise in the adoption of AR & VR technologies due to remote working set-ups contributes toward the growth of the overall market.

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  1.  Augmented and Virtual Reality in Manufacturing Market

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