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Research Outline
Prepared for Maddie C. | Delivered December 7, 2019
Echo AR Vetting
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Goals
To vet information presented by Echo AR on competition, landscape, and market size within the global AR/VR industry.
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Early Findings
Number of Software Developers Globally
According to IDC, at the beginning of 2018, there were
22.30 million
software developers in the world. On the other hand, Evans Data Corporation estimated that there were 23 million software developers globally in 2018.
Additionally, Evans Data Corporation estimated that the number of software developers was projected to increase to
26.4 million
by the end of 2019 and to
27.7 million
by 2023.
Number of AR/VR Developers Globally
According to VisionMobile’s
State of the Developer Nation
report, in 2017,
1 out of 3
developers have some level of involvement in AR/VR. However, only
21%
of these developers considered themselves
to be experts
in either AR or VR.
Applause reported that out of the
31%
of global developers that were working in AR and VR in 2017,
80%
identified themselves as
VR hobbyists
while
78%
identified themselves as non-professionals in AR.
By factoring in the total number of developers in the world in 2018 (
23 million
), the
31%
of developers translate to 7.13 million developers.
The programming languages that are popular with AR/VR are
C#, C/C++, Visual Tools
, Swift, Objective C, Kotlin, and Lua.
In 2018, the number of active developers for these languages globally was
6.2 million
,
5.4 million
,
3.1 million
,
2.3 million
,
1.8 million
,
1.4 million
, and
700,000
respectively. This totals to 20.9 million developers that have the professional capabilities to develop AR/VR applications.
Market Size
The global AR market is projected to reach
$149 billion
by 2025. This market was valued at
$4.32 billion
in 2017.
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