The management and support of living and working environments is altered by Immersive Media Technologies through a mix of solutions implemented in urban environments. In response to urbanization, industrialization in developing countries, and the unique needs of various Immersive Media Solutions initiatives, information and communication technology (ICT) is therefore evolving at a rapid rate. The way human beings communicate with the environment is evolving the creativity in AR and VR solutions. Innovators are also inspired by these developments to bring new products, services and business models into the visual computing industry,
Based on deployment, Immersive Media Solutions market is segmented by cloud-based and On-Premisess. Cloud-based segment dominated Immersive Media Solutions market with increasing need of the high volume of data to keep on cloud storage and on-demand content via internet server to raise the agility of the organizations and individuals. Based on Application, AR & VR is the leading segment to dominate the market during the forecast period owing to launch of new product releases are growing and entertainment-related collaborations are increasing. For example, VRstudios and Springboard VR, the leading distribution platform for VR Arcade and content marketplace operators, have collaborated to provide Location-Based Entertainment (LBE) companies with multiplayer Virtual Reality (VR) systems. Based on Organization Size, large enterprises is the leading segment to dominate the market during the forecast period due to the increased understanding of process efficiency and cost-cutting pushing to the market growth.