Technavio has published a new report on the smart glasses market for augmented reality (AR), which is expected to grow at a CAGR 194.2% from 2015-2019.
The latest report by Technavio draws attention towards the increasing number of vendors that are showing interest in developing smart glasses. New products being launched in 2015 include offerings by Vuzix, Sony, ODG, GlassUp, Meta and several other prominent vendors.
“Electronics giants like Microsoft, Samsung, LG, Baidu, Toshiba and Canon are all investing in smart glasses that are expected to be launched by the end of 2015,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes several AR vendors that are using crowdfunding to raise capital for their projects, which has benefitted the market by introducing products directly tailored to consumer demand.
“Indiegogo, GoFundMe and Kickstarter are popular crowdfunding sites that help vendors build the right products for the market,” says Ghaus.
Furthermore, companies are busy changing their BYOD and Corporate Owned Personally Enabled (COPE) strategies to include smart glasses. COPE is becoming more popular as it allows firms to secure mobile devices and monitor them, while still bringing down infrastructure costs and streamlining business processes.
