There were 73 press releases posted in the last 24 hours and 189,296 in the last 365 days.

Extended Reality [XR] Market Size to Outstrip US$ 1.1 Trn By 2030 - COVID19 Impact and Global Analysis by TMR

Extended Reality [XR] Market

Extended Reality [XR] Market

Extended Reality (XR) Market to Surpass Valuation of US$ 1.1 Trn by 2030, expanding at a CAGR of 45% during the forecast period 2021 - 2030

ALBANY , NY, US, December 21, 2021 /EINPresswire.com/ -- Transparency Market Research delivers key insights on the global extended reality market. In terms of revenue, the global extended reality (XR) market is estimated to expand at a CAGR of 45% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global extended reality (XR) market.

The global extended reality (XR) market is broadly impacted by several factors, including increasing investment in artificial intelligence and advance technologies across the globe. Thus, expanding adoption of virtual reality, augmented reality, and mixed reality by different industries is propelling the global extended reality (XR) market.

Get PDF Brochure for More Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=77391

Extended Reality (XR) Market: Dynamics

Extended reality (XR) is a broad term encompassing virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies. Even though virtual reality (VR) and augmented reality (AR) offer a wide-range of innovative experiences, the same underlying technologies are powering extended reality (XR).

Extended reality (XR) is creating immersive portable XR experiences with photorealistic graphics by combining edge cloud processing, 5G, and on-device processing. Media & entertainment and gaming are at the forefront of deploying technological advancements compared to other industries.

In the early days, hardware components of VR and AR were massive in size and less ergonomic. However, in terms of implementation among large masses, hardware solution providers prefer providing a headset and controller of smaller size with high mobility focus. The headsets and controllers are expected to become more compact with the option of integration with mobile devices. This may also influence the demand for wireless devices, long battery life, and better ergonomic values in VR/AR hardware. Headsets currently available in the market, such as Sony Morpheus, HTC Vive Cosmos, Google Daydream, and Epson Moverio Pro BT350, are designed keeping in mind end user comfort and requirement. Furthermore, rising competition among players is expected to drive technology innovations and subsequently, drive the demand for compact hardware devices in the future.

Sony Interactive Entertainment LLC is also focused on providing gaming VR to enhance the gaming experience and more advanced design of VR headsets. The increasing demand for VR and AR headsets and accessories in different industries in multiple applications are expected to boost the demand for extended reality solutions during the forecast period.

Buy an Exclusive Research Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=77391&ltype=S

Extended Reality (XR) Market: Prominent Regions

North America is expected to dominate the global extended reality (XR) market during the forecast period, whereas the extended reality market Asia Pacific is expected to expand at the highest CAGR. The reason for North America being the most dominant extended reality market is early adoption of augmented reality, virtual reality, and mixed reality within the enterprise segment as well as consumer media and entertainment segment. The market in the Asia Pacific region is expected to expand at the highest CAGR across the globe with the increasing focus on production of low cost HMDs by Chinese companies. The North America extended reality (XR) market is expected to reach US$ 497.64 Bn by the end of year 2030 from US$ 16.64 Bn in year 2019 at a CAGR of 39.9% during the forecast period. North America dominates the global market in terms of investment opportunities for immersive technologies and the fastest growth is expected in the next five years.

Extended Reality (XR) Market: Key Players

Key players operating in the global extended reality (XR) market are Atheer, Inc., Blippar.com Ltd., Dell Technologies Inc., EON Reality, Inc., Google, Inc., Honeywell International, Inc., HTC Corp., Magic Leap, Inc., Manus Machinae B.V., Microsoft Corp., Nokia Corp., Oculus VR LLC, Qualcomm Incorporated, Samsung Electronics Co., Ltd., Semcon, Sony Interactive Entertainment LLC, Varjo Technologies Oy, VirZOOM, Inc., and Vuzix Corporation.

Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=77391

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Rohit Bhisey
TMR
+1 415-520-1050
email us here