Extended Reality (XR) Market Size to Reach US$ 604.3 Billion by 2028 at 43.5% CAGR
The widespread adoption of XR in various industries, such as gaming and education, represents a significant factor driving the market growth across the globe.
BROOKLYN, NY, USA, April 2, 2023 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “???????? ??????? (??) ??????: ?????? ???????? ??????, ?????, ????, ??????, ??????????? ??? ???????? ????-????.” the global extended reality (XR) market size reached US$ 64.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 604.3 Billion by 2028, exhibiting a growth rate (CAGR) of 43.5% during 2023-2028.
Extended reality (XR) is an umbrella term that encompasses a range of immersive technologies that combine the physical and virtual worlds. It includes virtual reality (VR), augmented reality (AR), and mixed reality (MR), each with its unique characteristics and applications. XR technologies create immersive experiences that allow users to interact with digital content in a more intuitive and natural way. They have a wide range of applications, from gaming and entertainment to healthcare, education, and training. XR technologies offer significant benefits, including increased engagement, enhanced learning and training, improved communication and collaboration, and reduced costs and risks in various industries.
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The widespread adoption of XR in various industries, such as gaming, entertainment, healthcare, and education, represents a significant factor driving the market growth across the globe. This is primarily attributed to their ability to provide immersive and engaging experiences. In addition to this, the rising demand for immersive technologies is contributing to the growth of the market. This is supported by the rising preferences for more personalized and interactive experiences, particularly among the younger generation. Apart from this, the increasing availability of XR content and hardware, coupled with decreasing costs, is making XR more accessible to consumers and businesses alike, thus driving the market. In line with this, advancements in technology, such as the development of 5G networks, high-resolution displays, and more powerful processors, are creating a positive outlook for the market.
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The competitive landscape of the extended reality (XR) market has been studied in the report with the detailed profiles of the key players operating in the market.
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• Accenture PLC
• Augray
• Dassault Systèmes SolidWorks Corporation (Dassault Systèmes SE)
• Medtronic PLC
• Microsoft Corporation
• Qualcomm Incorporated
• Samsung Display Co. Ltd. (Samsung Electronics Co. Ltd.)
• Semcon
• SoftServe Inc.
• Softweb Solutions Inc. (Avnet Inc.)
• SphereGen
• Varjo
• VertexPlus Softwares Pvt. Ltd.
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• Hardware
• Software
• Services
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• Consumer Engagement
• Business Engagement
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• Small and Medium-sized Enterprises
• Large Enterprises
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• Virtual Reality (VR)
• Augmented Reality (AR)
• Mixed Reality (MR)
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• Education
• Retail
• Industrial and Manufacturing
• Healthcare
• Media and Entertainment
• Others
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• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
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India Automotive Connectors Market
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Elena Anderson
IMARC Services Private Limited
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