Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) on Cutting Edge of Billion-Dollar Edtech Market

Rhea-AI Summary

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) highlighted its position in the rapidly expanding $106 billion EdTech market through a recent broadcast. With remote learning evolving, the integration of augmented reality (AR) is set to enhance educational experiences. The global AR market is projected to grow at a 43.8% CAGR, reaching $340.2 billion by 2028. Nextech is actively involved in AR development, catering to notable clients like Budweiser and IBM, while generating revenue from its e-commerce platforms.

Positive

• Nextech is positioned in a $106 billion EdTech market.
• Global AR market expected to grow at 43.8% CAGR to $340.2 billion by 2028.
• Diverse client base includes prominent companies like Budweiser, JNJ, and IBM.
• Nextech generates revenue from three e-commerce platforms.

Negative

• None.

NEW YORK, June 18, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) announces the availability of a broadcast titled, “Companies Jockeying for Position in $106 Billion EdTech Market; Who’s in Front?”

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

To view the full editorial, please visit: https://nnw.fm/eNo3P 

Remote learning is one thing, but the future of education involves the marriage of remote learning to next-generation technology, including augmented reality (AR). With AR, computer-generated objects are seen on a screen in real time, a technique that helps students learn in a more interactive and engaging environment. Grand View sees the global AR market growing at a spectacular 43.8% compound annual growth rate to $340.2 billion by 2028.

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) is on the cutting edge of the markets as a developer and operator of AR platforms that transports 3D product visualizations, human holograms and 360° portals. The company curates its products to a diverse array of blue-chip customers, including Budweiser, JNJ and IBM, by altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.

About Nextech AR Solutions Corp.

Nextech develops and operates augmented reality (“AR”) platforms that transport three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences, altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences. Nextech focuses on developing AR solutions; however, most of the company’s revenues are derived from three ecommerce platforms, VacuumCleanerMarket.com (“VCM”), InfinitePetLife.com (“IPL”) and TruLyfeSupplements.com (“TruLyfe”), as well as VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

For more information about the company, visit www.NextechAR.com.

NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF.

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FAQ

What is Nextech AR Solutions Corp's involvement in the EdTech market?

Nextech AR Solutions Corp. is leveraging augmented reality to enhance educational experiences in the rapidly growing $106 billion EdTech market.

What are Nextech's key revenue sources?

Most of Nextech's revenues are derived from its three e-commerce platforms: VacuumCleanerMarket.com, InfinitePetLife.com, and TruLyfeSupplements.com.

How fast is the global augmented reality market expected to grow?

The global augmented reality market is projected to grow at a compound annual growth rate (CAGR) of 43.8%, reaching $340.2 billion by 2028.

Who are some notable clients of Nextech AR Solutions Corp.?

Nextech's client roster includes major companies like Budweiser, JNJ, and IBM.