UK to Lead VR/AR Boom: Market to Grow 26.4%
UK Augmented Reality and Virtual Reality Industry to Grow at a CAGR of 26.4% from 2022 to 2027 According to a research report UK Augmented Reality and Virtual Reality Market by Technology Type (AR: Markerless, Marker-base; VR: Non-Immersive, Semi-immersive and Fully Immersive Technology), Device Type, Offering, Application, Enterprise, and Geography — Global Forecast to 2027", published by MarketsandMarkets, UK Augmented Reality and Virtual Reality Industry to Grow at a CAGR 26.4% from 2022 to 2027. The rapid transition to digitalization in education, retail, and several other industries pushed market growth in the UK In the UK, the growth of the technology sector has outpaced that of the non-technology sector by a factor of two. The nation’s ongoing investments should support the rapid growth of the digital ecosystem. The AR & VR market in the UK is expected to be driven by the existence of firms like Blippar (UK), Inde (UK), Engine Creative (UK), Inition (UK), and Holition