The augmented reality in training and education market consists of sales of augmented reality software for education and training and related products. Augmented reality is the latest advanced technology that is used in education/training to help the students, corporate employees to equip them with knowledge or acquire skills by experiencing and interacting with different forms of reality, simulation, games, and others.
The global augmented reality in training and education market is expected to grow from $7.3 billion in 2019 to $8.5 billion in 2020 at a growth rate of 16.14%. The market growth is expected to slow down in mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote teaching and very few institutions are equipped with the required software and devices. The market is then expected to recover and reach $18.72 billion in 2023 at CAGR of 30.31%.
