Augmented Reality is Creating Sizable $198 Billion Investment Opportunity

PALM BEACH, Florida, Jan. 7, 2020 /PRNewswire/ -- Augmented reality is changing the way we see the world and transforming multi-billion-dollar industries, including automobiles, the government, the military, logistics, and healthcare, with its ability to provide real-time data, and simulate real life experiences. Better, over the next three years, augmented reality could be part of a $120 billion industry, according to the International Data Corporation (IDC). In addition, according to Statista, the global augmented reality market could explode from $3.5 billion in 2017 to more than $198 billion in the next five years. While growth estimates vary, one thing is for certain. Augmented reality is quickly transforming the way we see the world. The best part – it's creating sizable, exciting opportunity for top companies like NexTech AR Solutions (OTCQB:NEXCF)(CSE: NTAR), Vuzix Corp. (NASDAQ:VUZI), Snap Inc. (NASDAQ:SNAP), Apple Inc. (NASDAQ:AAPL), and Amazon.com Inc. (NASDAQ:AMZN).

NexTech AR Solutions (OTCQB:NEXCF)(CSE: NTAR) BREAKING NEWS: NexTech AR Solutions, the leader in augmented reality (AR) for eCommerce and AR learning applications just announced that it has achieved record revenue and gross profit for the month of December 2019 and Q4. Both revenue and gross profit showed dramatic increases in December. Notably, the company achieved over $760,000 in December revenue and gross profit of $453,000 representing the highest revenue ever achieved in a single month. Revenue and Gross profit for the 4th quarter 2019 also accelerated rapidly reaching $2,580,000 and $1,340,000 respectively, which represents a 4390% increase in revenue and 2232% increase in gross profits year over year. Evan Gappelberg, CEO of NexTech AR Solutions comments "I'm excited to report record preliminary numbers for our 4th quarter and I am particularly excited that we were able to achieve $760,000 in sales in just one month, hitting a new company high. During the month of December and the entire Q4, we saw an acceleration in sales growth across all business segments, especially our AR e-commerce division, which is now starting to scale as we continue to signup more customers". He continues, "We are in the midst of the 4th Industrial Revolution, and technology is evolving faster than ever. This revolution is being led by AR, AI, IoT, Edge computing and the 5G network, all of which are converging and becoming increasingly ubiquitous for training, e-commerce, advertising, and entertainment. This convergence is stimulating a rapid market adoption environment similar to the internet in the 1990's driving the creation of billion-dollar industries almost overnight, a market NexTech is uniquely positioned to capitalize on."