Forecasts put the burgeoning AR market at $120 billion by 2020, growing to $198 billion by 2025, showing a Combined Annual growth Rate of 65.1%. And while hardware sales are expected to make up a large proportion of this revenue, AR data, AR commerce and AR advertising represent significant chunks of this overall spend. The unprecedented growth and burgeoning popularity of augmented reality make it one of the most exciting technologies in the world.
According to the analysts at Juniper Research and Goldman Sachs, the augmented reality market will grow by 20-100 times in the next 5 years.