According to Stratistics MRC, the Global Extended Reality Market is accounted for $22.58 billion in 2020 and is expected to reach $168.88 billion by 2028 growing at a CAGR of 28.6% during the forecast period. Factors such as increasing adoption of smart devices, growing adoption of augmented & virtual reality solutions, and advancements in technologies are driving the growth of the market. However high installation and maintenance cost is hampering the growth of the market.
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Based on the end user, the consumer segment is anticipated to expand at a rapid pace during the forecast period owing to the flourishing gaming, sports, and entertainment sectors. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing use of smartphones and surging demand for extended reality technology in various applications.
Some of the key players profiled in the Extended Reality Market include Softweb Solutions Inc., VertexPlus Softwares Pvt. Ltd., Apple, Talespin Reality Labs Inc., SphereGen Technologies, Microsoft, Google, Seiko Epson, Qualcomm Technologies Inc., PTC, Oculus VR, Northern Digital Inc., Samsung Electronics, HTC, SoftServe Inc, Facebook, Sony, Accenture PLC, and Varjo Technologies OY.
Offerings Covered:
• Hardware
• Services
• Software
• Solution
Users Covered:
• Multi-User
• Single-User
Device Types Covered:
• Virtual Reality Devices
• Mixed Reality Devices
• Augmented Reality Devices
Technologies Covered:
• Virtual Reality Technology
• Mixed Reality Technology
• Augmented Reality Technology
Organization Sizes Covered:
• Large Enterprises
• Small & Medium-Sized Enterprises
End Users Covered:
• Commercial
• Consumer
• Industrial & Manufacturing
• Healthcare & Life Sciences
• Automotive
• Energy
• Aerospace & Defense
• Other End Users
Platforms Covered:
• Personal Computer (PC)
• Mobile
• Headset
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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