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Tech industry analysts and visionaries say augmented reality will revolutionize business. Here are a few ways AR is being used right now.
Interest in augmented reality (AR) is exploding as innovators explore the business relevance and roles AR can play in workforce enablement and customer experience and interaction. This emerging technology holds tremendous promise for changing the way businesses operate.
AR is also projected to be an economic driver for the tech industry. By 2020, industry forecasters say the market worth for AR will reach $100 billion. For instance, AR smart glasses are forecast to ship 21 million units in 2020, with a Compound Annual Growth Rate (CAGR) of 78 percent from 2015 to 2020. Total revenues for the AR market are projected to grow with an estimated CAGR of 73 percent during the same time period for both dedicated AR hardware sales and mobile as well as dedicated AR content and software revenues.