Vietnam Augmented Reality (AR) and Virtual Reality (VR) Market Analysis by Size, Share, Trend, Future Growth, Major Players | TechSci Research

Vietnam Augmented Reality and Virtual Reality market is expected to grow at a steady rate in the forecast period, 2023-2027. The rising youth population and increasing demand for mobile gaming applications are contributing significantly to the market growth. High-end investments by the market players and the growing adoption of the augmented reality and virtual reality technology across prominent industry verticals are influencing the growth of the augmented reality & virtual reality market growth. The use of augmented and virtual reality technology for training and skill-development purposes in educational institutions and training centers is expected to accelerate the demand of the market in the next five years. The use of technology helps to create an immersive and interactive environment for consumers and can easily replicate real-life scenarios. The high demand for the augmented reality technology in the healthcare sector to prevent the use of the human body which is unethical and can harm the human body and can provide the valid tools to train the medical professionals is expected to boost the growth of the augmented reality & virtual reality market in the next five years. Organizations and institutions are using the technology in collaborative seminars, meetings, lectures, training to provide the enhance the consumer experience and provide their data more efficiently is expected to propel the market growth in the forecast period.

Vietnam Augmented Reality & Virtual Reality market is segmented into product type, organization size, offering, application, end user, regional distribution, and company. Based on the product type, the market can be divided into the head-mounted display, head-up display, smart glass, and handheld device applications. The head-mounted display segment is expected to account for a major market share in the forecast period, 2023-2027. The surge in the use of head-mounted displays in enterprise and consumer applications is contributing to the market growth. The introduction of different variety of head-mounted displays such as hybrid, tethered, and self-contained HMDs and the growing application of HMD in aerospace, military, research, medical field, amongst others are contributing to the market growth. 


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The major players operating in the Vietnam Augmented Reality & Virtual Reality market are Xtreme Studio, Hyperlink InfoSystem, Savvycom Software, Omaha Media Group LLC, Siclo, Amaris, InspiLab, Elinext, Wizeline, Ventuso LLC, Waverley Software, Co-Well Asia, Marvy Co., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of Vietnam Augmented Reality & Virtual Reality market from 2017 to 2020.
  • To estimate and forecast the market size of Vietnam Augmented Reality & Virtual Reality market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast Vietnam Augmented Reality & Virtual Reality market based on product type, organization size, offering, application, end user, regional distribution, and company.
  • To identify dominant region or segment in the Vietnam Augmented Reality & Virtual Reality.
  • To identify drivers and challenges for Vietnam Augmented Reality & Virtual Reality.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Augmented Reality & Virtual Reality.
  • To identify and analyze the profile of leading players operating in Vietnam Augmented Reality & Virtual Reality.
  • To identify key sustainable strategies adopted by market players in Vietnam Augmented Reality & Virtual Reality market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Vietnam Augmented Reality & Virtual Reality market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Augmented Reality & Virtual Reality service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to Augmented Reality & Virtual Reality.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Organization Size

·         Offering

·         Application

·         End User  

Regional scope

Northern; Central; Southern

Key companies profiled

Xtreme Studio, Hyperlink InfoSystem, Savvycom Software, Omaha Media Group LLC, Siclo, Amaris, InspiLab, Elinext, Wizeline, Ventuso LLC, Waverley Software, Co-Well Asia, Marvy Co.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Vietnam Augmented Reality & Virtual Reality market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Vietnam Augmented Reality & Virtual Reality Market, By Product Type:

    • Head-Mounted Display
    • Head-Up Display
    • Smart Glass
    • Handheld Device Applications
  • Vietnam Augmented Reality & Virtual Reality Market, By Organization Size:
    • Large Enterprises
    • Small- & Medium-sized Enterprises
  • Vietnam Augmented Reality & Virtual Reality Market, By Offering:
    • Hardware
    • Software
  • Vietnam Augmented Reality & Virtual Reality Market, By Application:
    • Consumer
    • Enterprise
  • Vietnam Augmented Reality & Virtual Reality Market, By End User:
    • Entertainment
    • Manufacturing
    • Healthcare
    • Defense
    • Consumer Electronics
    • Automotive
    • Others
  • Vietnam Augmented Reality & Virtual Reality Market, By Region:
    • North
    • South
    • Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Augmented Reality & Virtual Reality market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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