Extended Reality (XR) Market Size, Share, Growth & Analysis | 2022-27

 

Market Overview:

The Extended Reality (XR) Market is expected to register a CAGR of 57.91% over the forecast period (2022–2027). (2022–2027). In terms of emerging technologies, extended reality (XR) includes immersive technologies like augmented reality, virtual reality, mixed reality, and other potential future realities. The growing demand for shorter distances between people and richer visual content is one of the key factors driving the market.

Numerous businesses are working on enabling technologies that, by recognising huge potential in the XR domain, could aid in the global commercialization of XR technologies. For instance, in December 2021, Mawari, a leading provider of XR streaming solutions, declared that its 3DXR Content Streaming Platform for the Metaverse had debuted on the AWS Marketplace, an Amazon Web Services managed and curated software catalogue that enables customers to discover, purchase, and instantly deploy third-party software.

Scope of the Report:

The Extended Reality (XR) Market is divided into several categories, including Solution (Consumer Engagement and Business Engagement), Application (Virtual Reality, Augmented Reality, and Mixed Reality), End-User Industry (Education, Retail, Industrial and Manufacturing, Healthcare, and Media and Entertainment), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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