Extended Reality (XR) Report 2021 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and Growth Forecast 2025 | Says Kenneth Research

Global Extended Reality Market was valued at USD 27 Billion in 2018; it is expected to reach USD 393 Billion by 2025 with a CAGR of 69.4% during the forecast period, 2019–2025.in 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Extended Reality (XR) Market over the period 2019-2026.

Request To Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10195901

Currently, the extended reality (XR) is at a burgeoning stage and consists of augmented reality (AR), virtual reality (VR), and mixed reality (MR) technologies. Extended reality is another immersive technology that offers highly digital experiences with photorealistic visuals by integrating on-device processing, 5G, and edge cloud processing technologies. The combination of AR and VR technologies allows the end-users, including individuals and enterprises, to experience highly digitalized content through standalone headsets. Also, according to industry experts, XR technology is expected to significantly transform from heavy standalone headsets to smart glasses that would provide real-time information, schematics, and related visuals.

Request To Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10195901

Advancement in head-pose tracking, increased investment in AR and VR technology, an increase in demand for improving the customer experience, technological advancements in display, motion tracking, and emergence of 5G technology are some of the factors propelling the market growth.However, the lack of highly intense connected infrastructure, interoperability issues of immersive 3D graphics, and power and thermal efficiency of standalone headsets are some of the hindering factors for the growth of extended reality market during the forecast period.he 

  • In September 2019 , Talespin, one of the leading developers of enterprise XR solutions, developed its Talespin Runway Platform-an extended reality platform. The new virtual reality training module is designed to speed up knowledge transfer for employees. The platform also comprises the first insurance-specific VR training content library and Talespin Propel, a new VR training product developed to power object and process-based training across a number of uses cases.
  • In September 2019, Qualcomm Technologies launched the Qualcomm XR enterprise program offer XR technologies and products based on the Qualcomm Snapdragon XR Platform. The integration allows enterprise solution providers to collaborate, innovate and enhance the adoption of AR and VR in various industries that include manufacturing, energy, healthcare, aerospace, education, insurance, retail, and others.
  • In September 2018, Semcom, a Swedish multinational company specialized in product development partnered with XMReality, an AR-enabled knowledge sharing company to strengthen its technical capabilities in offering solutions. The partnership allows the former to promote the AR and VR technology to provide digital content and live interaction from its customers.

Request To Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10195901

The Global Extended Reality Market has been Segmented Based on Type, Component, Delivery Model, End User, and Region.

By component, the global extended reality market has been bifurcated into hardware, solutions, and services. Furthermore, by hardware, the market has been sub-divided into sensors, cameras, transducers, and speakers. By services, the market is sub-segmented into professional services and managed services.

Based on type, the XR market is categorized into mobile XR and PC-tethered XR.

By delivery model, the market has been segmented into consumer-based and business-based.

Furthermore, based on end-user, the global XR market has been categorized as healthcare, media and entertainment, manufacturing and industrial, retail and e-commerce, transportation, and others.The Global extended reality Market has been categorized on the basis of geography into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America .North America accounted for the largest market share in 2018 and expected to dominate the global XR market during the forecast period. The market growth can be attributed to the enhancement in augment reality (AR) and virtual reality (VR) and increase investments by tech giants such as Qualcomm Incorporated, Microsoft Corporation, and Google

The Asia-Pacific is anticipated to be the fastest-growing geography in the extedend reality (XR) market during the assessment period. The market growth can be attributed to a surge in the number of vendors offering training services related to AR and VR applications and increasing adoption of AR and VR technology in media and entertainment sectors.

MRFR identifies some of the key players of the global extended reality market include Qualcomm Incorporated (US), HP Reveal (US), Gofind Inc. (US), Accenture (Ireland), Dassault Systèmes SolidWorks Corporation (France), Agile Lens (US), (Sweden), Tata Exlsi (India), (US), Northern Digital Inc. (Canada), Softserve (US), AugRay (US), Mirari LLC (US), Talespin (US), SphereGen (US), and VRee (The Netherlands).

Request For Full Report- https://www.kennethresearch.com/sample-request-10195901

The vendors operating in the market primarily follow organic and inorganic growth approaches to offer enhanced Extended Reality (XR) software, platform, and services. The vendors also emphasized on increasing its research and development investments to provide immersive technologies across virtual platforms for enterprises.

  • Hardware and Software Service Providers
  • OEMs, Platform Providers, and Algorithm Developers
  • Systems Integrators
  • Value-Added Resellers
  • Government Agencies and Nonprofit Organizations
  • Deemed Universities, Research Labs, and Institutes of Technology

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

Leave a Reply