Extended Reality Market Growth Trends & Forecast till 2026
August 10, 2022
August 10TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Extended Reality Market over the trend period from 2014 to 2019 and forecast period from 2022 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Extended Reality Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Extended Reality Market is no different. Derived from the previous market scenario, the Extended Reality Market is likely to witness an impressive CAGR of 57.2% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2730/extended-reality-xr-market.html#form
The Extended Reality Market is segmented by–
- By Solution (Consumer Engagement, Business Engagement)
- By Application (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR))
- By End-Use (Education, Retail, Industrial and Manufacturing, Healthcare, Media and Entertainment, Others)
- By Region - COVID-19 Impact Analysis and Forecast to 2026
Key Players:
- Qualcomm Technologies Inc. (US)
- Accenture PLC (Ireland)
- SoftServe Inc. (US)
- SphereGen Technologies (US)
- Northern Digital Inc. (Canada)
- Microsoft Corporation (US)
- Softweb Solutions Inc. (US)
- VertexPlus Softwares Pvt. Ltd (US)
- Varjo Technologies OY (Finland)
- Talespin Reality Labs Inc. (US)
Regional analysis:
By region, the North America market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to significant presence of multiple vendors, including Microsoft and Qualcomm, among others, thus making substantial investments in technology advancements.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Author : Emily
Frequently Asked Questions (FAQs)
The target audience of Extended Reality (XR) Market includes Extended Reality (XR) companies, Extended Reality (XR) distributors, Education companies, Government organizations.
Growing usage of this XR technology in instructive training, which includes training mechanics, pilots, engineers, field workers, soldiers in defense, and technicians, in the oil & gas and manufacturing sectors is are expected to boost the market growth.