Augmented Reality based technology is set to rise from $6 million revenue to an astounding $350 million in the space of just six years according a recent research study. The exciting new technology has already seen companies such as Layar providing apps to the iPhone and Android. The analyst believes that the advert revenue will power the sector to the significant rise by 2014.
"Today's customised, direct business-to-business AR supply chain will continue to see incremental growth in military, automotive, and entertainment applications." Said Joe Madden, Author of the study, "But those businesses will be overshadowed by the mass-market dynamics of mobile handset application sales and advertising revenue streams."
He continued to say that advances in technology are required for Augmented Reality applications to prosper in the future.
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