Augmented Reality (AR) has an important role to play in the modern and future workplace—remote assistance, training, workflow guidance, and knowledge capture can all be realized with AR deployment. However, integrating AR into existing platforms has proven to be a formidable challenge to early adopters because of the complexity of Information Technology (IT) and Operational Technology (OT) cohesion. Ultimately, Return on Investment (ROI) from AR technologies will be heavily dependent on how seamless the integration process is.
The market for consumer head-mounted displays (HMDs) will see 90.1 million shipments by 2027, growing at a Compound Annual Growth Rate (CAGR) of 36.1%.The development of Virtual Reality (VR) for consumer entertainment dates all the way back to the 1980s and 1990s, but adoption has never taken off in a meaningful way until now. ABI Research forecasts that the total VR industry, including hardware, software, and services will be worth US$95 billion in 2027. Some enterprise markets are also seeing significant growth, driven by value in training and simulation, but consumer makes up the majority of the VR market.