The global extended reality (XR) market is expected to reach a market size of USD 1,246.57 Billion at a steady CAGR of 24.2% in 2035, according to latest analysis by Emergen Research.
Extended reality is used in the healthcare sector to train employees to perform or experience surgeries without any risk of patient welfare. Patients and clinicians are able to access real-time reports on health conditions with the help of extended reality.
North America accounted for largest revenue share in the global extended reality market due rising adoption of the technology in the education system in countries in the region to help students with learning disabilities and autism. Rise in demand for XR technology in the U.S. military for training purposes will also propel market growth.
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Key players in the market include
Accenture PLC, Qualcomm Technologies Inc., Softweb Solutions Inc., Varjo Technologies OY, SphereGen Technologies, Microsoft Corporation, Apple, Qualcomm Technologies Inc., Augray Ltd., and Intel.
Emergen Research has segmented the global extended reality market on the basis of type, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2021–2035)
- Business Engagement
- Customer Engagement
- Application Outlook (Revenue, USD Billion; 2021–2035)
- Virtual Reality (VR)
- Augmented Reality (AR)
- Mixed Reality (MR)
- End-use Outlook (Revenue, USD Billion; 2021–2035)
- Consumer Good & Retail
- Industrial & Manufacturing
- Media & Entertainment
- Telecommunication & IT
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Key Coverage of the Report:
- Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
- Market segmentation by deployment type, authentication type, component, organization size, industry vertical
- Regional and country-wise market size estimation for the forecast period (2019-2027)
- Pricing strategies of the regional market players
- Demand & supply gap analysis
- Competitive landscape analysis
- Market share analysis of the top market players
- Strategic recommendations for new market entrants
- Company profiling of the leading market players
- Brief summary of the key strategies, financial positions, and recent developments of the leading companies
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