[ad_1]
The South Asia and Pacific Region Spatial Computing Market is expected to grow at a CAGR of 23.8%. Virtual reality has the largest market share for the spatial computing Market, with 37.8%. Design and manufacturing has the highest CAGR of 24.1% for the forecast period.
NEWARK, Del., Oct. 24, 2022 /PRNewswire/ — According to Future Market Insights, the demand for spatial computing for the forecast period 2022-2032 is estimated to grow at a CAGR of 18.2%.
According to the report, the market valuation for spatial computing for 2022 is estimated to be US$ 102.1 Bn and is forecasted to rise to US$ 544.6 Bn by the year 2032.
Spatial computing is a broad term referring to the technologies such as augmented reality, mixed reality and virtual reality which are technologies that allow all the computation process which are possible on present day computers, but in a 3D manner, by immersing the users in a virtual environment with virtual objects which they could interact with.
For example, use of augmented reality in logistics to identify which boxes are supposed to be deployed by displaying messages on the screen of the frontline worker or surrounding the target box with a virtual border which could be visible through the augmented reality headset.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15705
Key Takeaways: Spatial Computing Market
- By Component, spatial computing devices had the higher market share of US$ 44.8 Bn and computing software solution is estimated to have the higher growth rate of 20.2%.
- By Technology, virtual reality had the higher market share for 2021 with a market share of 48.5%. Mixed reality is estimated to display a growth of CAGR 21.3% for the forecast period.
- By Application, meeting and interaction is estimated to possess the highest market share for the forecast period, with US$ 28.4 Bn market valuation for the year 2021 and the designing and manufacturing segment is estimated to witness the highest growth with CAGR of 24.1% for the forecast period.
- North America had the largest market share for the spatial computing market of 28.6% and South Asia and Pacific is the…
Full story available on Benzinga.com
[ad_2]
Source link
