Meta Platforms (META), the creators of Facebook, expect their stock to be the head of an emerging market in 2025, one that will pump its stock. The Augmented Reality (AR) market is making waves in the tech market. According to market analysts, the AR market has a market size of $42.48 billion as of 2024. However, that emerging business is expected to soar over the next five years, growing at a compound annual growth rate of 42.36%.
With this rate, META could be at the head of a $248.38 billion industry by 2029 if all goes to plan. While the Asia Pacific region is expected to be the fastest-growing market, the largest market is anticipated to be North America, where META is based. With mobile AR taking charge of this technology’s advancement, Meta Platforms is in a great position to capitalize, with most mobile users of its Meta systems also having access to AR.
Meta Continues to Dominate AI and AR Industries: Will Its Stock Dominate in the Next 5 Years?
Meta Inc is increasingly becoming a powerhouse in AI and AR. The company has made much progress toward AR and VR technologies, releasing an AR prototype called Orion. Additionally, Reality Labs, Meta’s division dedicated to AR and VR innovations, is known for its substantial financial investments in these emerging consumer platforms. With all hands on deck, Meta is easily in the front seat for this emerging AR market, putting its investors in a great position with their stock shares.
Furthermore, Reality Labs reached several milestones at the end of 2024, especially around integrating AI. Its Ray-Ban Meta AI glasses are a popular product that allow users to take photos and videos, listen to music, and even take calls. They are also fitted with Meta AI, which is expected to receive continuous updates to appeal to consumers. New updates will enable the AR glasses to not only answer user questions throughout the day, but also help users remember things, offer them suggestions, and even translate other languages right into the ear.
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As demand further increases in the AR market, particularly for its new Meta AI glasses, Meta is expected to take a significant market share in the industry. For investors that have recently jumped in, some market analysts project huge gains for the stock over the next few years. At press time, META is trading at 635.62 a share and is up nearly 80% year-to-date. In the last five years, the stock is up north of 200% and may surpass that rise in the coming five years.
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