Are you beginning to realize that augmented reality technology is growing in popularity? Have you come to find this impacting your life in any way? Are you ready to see what it can do for you in the future?

Despite the fact that augmented reality is still in its infancy, it’s picking up more steam with each passing day. In other words, you won’t be able to ignore the growth of this technology for much longer. It’s everywhere.

Even if you have a strong grasp of virtual augmentation technology, it’s not uncommon to struggle with where this market stands right now.

Below, we’re going to examine a variety of augmented reality statistics. These will give you an inside view of the current state of augmented reality, how the market has developed, and what to expect in the future.

  1. The augmented reality market has the potential to grow to approximately $90 billion by 2020.

This is a crazy statistic for many reasons, including the fact that the market was extremely small no longer than a year or so ago. With this number in mind, it’s easy to see that augmented reality will become a bigger part of your life in the future (even if you’re not interested in this technology).

  1. According to a 2016 ISACA survey, 73 percent of Americans noted that they have knowledge of the augmented reality and Internet of Things markets.

While this is a good thing, as it’s nice to see that people have knowledge of this growing technology, it’s a decline of 12 percent from 2015.

This shows that people may be more confused than ever about these markets, potentially due to the fast growth rate and introduction of new devices.

  1. Worldwide shipment of smart augmented reality glasses are forecast to reach around 5.4 million units by 2020.

It’s one thing to understand the basics of how augmented reality works. It’s another thing entirely to have a grasp of the devices that could change the way you see the world.

This statistic shows that smart augmented reality glasses are going to be big business in the years to come, with potential for more than five million units to be sold by 2020.

  1. At GE Healthcare, a warehouse worker receiving a new picklist order through AR completed the task 46% faster than when using the standard process. (statistic courtesy of Harvard Business Review)

While there is no denying the fact that individuals will be able to use augmented reality in their day to day life, such as for entertainment purposes, there’s more to this technology than that.

It’s statistics like these that prove just how powerful the technology can be in the workplace. It’s only natural to believe that a growing number of companies will look to augmented reality as a means of boosting efficiency and productivity in the future.

What to Expect from Augmented Reality in the Years to Come

After reviewing these statistics, among any others you come across online, you’ll have a hard time downplaying the growth of augmented reality. Right now, everything is pointing toward this being a major growth market over the next few years.

It’s hard to say where things are heading for augmented reality technology, but there are a few industries that deserve the lion’s share of attention.

For example, augmented reality is finding its way into the retail market. While the technology employed by many stores may need some fine tuning in the years to come, it’s good to see so many realizing that this is the wave of the future.

IKEA is one of the many companies making a big push with this technology. With the use of its app, homeowners can see how a particular piece of furniture will look in their home, all without actually having to place an order. This makes life easier for the buyer, while also cutting down on store returns.

Conclusion

There is no slowing down the growth of the augmented reality market. From consumers to investors, from retailers to software developers, more and more people are falling in love with this technology.

What do you think about these augmented reality statistics? Are you excited to see where things end up in the next couple of years? Share your thoughts in the comment section below.