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The rise of virtual reality (VR) and augmented reality (AR) has been one of the biggest trends in the tech industry over the past couple of years. While both technologies are commonly used in the gaming industry, they are also being explored in other areas.

In addition to being used for gaming, augmented and virtual reality technology is also widely used in enterprise markets. As more companies and users embrace these technologies, they will likely expand into other areas.

Room to Grow

Due to the immense potential of these technologies, significant companies such as Sony, Microsoft, and Facebook are investing heavily in them to fuel their growth. According to estimates, the global virtual reality market is expected to grow by over 38% from 2020 to 2025. On the other hand, the market for head-worn AR is expected to expand over 11 times during the same period.

VR & AR Stocks

If you’re a fan of the potential of augmented and virtual reality technology, then you have a couple of options for investing. One of these is to identify companies that are expected to benefit from the rapid growth of this industry. You can also find a mutual or exchange-traded fund that focuses on the same theme.

One of the first pure-play virtual reality stocks to become publicly available is Vuzix, a hardware manufacturer based in New York. For over two decades, the company has been developing and manufacturing various products for the defense and entertainment industries. This has helped to shift the market after developing AR and VR glasses for the defense and entertainment industries.

Another notable addition to the AR/VR stock market is WiMi Hologram Cloud Inc, a Chinese company that focuses on providing advertising services for augmented reality. Another company developing a way to integrate digital objects into content seamlessly is Mirriad. Retail investors can only access the London exchange to get a slice of the latter.

Ultimately, the stock market will continue to add new VR and AR companies for those to invest in. Technology is often a good investment, so we will continue to see people support these stock options.