Extended Reality Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies – Global Forecast to 2025

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Global Extended Reality (XR) Market

• Increase in adoption of gesture-based computing
  is fuelling the demand for Extended Reality (XR)

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2
Extended Reality (XR) Market by Type, Uses
Geography 2019-2025

• Extended Reality (XR) is the mixed term for
  Virtual Reality (VR), Mixed Reality (MR),
  Augmented Reality (AR), and all other future
  realities that this technology could bring. It
  comprises the entire range of virtual and real
  surroundings. The Extended Reality (XR) is the
  juncture of all AR, VR, and MR technologies,
  which incorporates them together in numerous ways
  to disrupt ordinary tasks. Furthermore, the
  increasing trend of shrinking smart devices is
  one of the major factors driving the demand for
  extended reality (XR) market. Moreover, augmented
  reality and virtual reality technologies are
  proving to be very promising for retailers and
  media entertainment industries, which is also
  anticipated to fuel the demand for extended
  reality in the near future.
• Key Market Drivers and Restraints
• Increasing adoption of gesture-based computing
• Gesture controls and gesture-based computing is
  still in nascent stages. Currently, its quite
  unreliable and comprises sensitive controls.
  However, for the last couple of years, VR and AR
  equipment has improved significantly in the form
  of resolution, factor, and function. The recent
  generation is much lighter, which allows users to
  wear it easily and work for a longer period of
  time. Moreover, hand gesture recognition,
  particularly in aerospace engineering and
  AR-based maintenance in automotive, is proving to
  be very essential. Thus, such a factor is
  cumulatively driving the demand for extended
  reality (XR) products solutions.

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Extended Reality (XR) Market by Type, Uses
Geography 2019-2025

• High implementation cost
• The extended reality is the combination of AR,
  VR, and MR, and leverages 3D and other advanced
  technologies to create realistic environments. In
  addition, it comprises complex and advanced
  hardware and software that contains very high
  costs, which in turn increases its overall costs.
  In addition, the implementation of XR devices and
  solutions further requires additional costs.
  Also, the support and maintenance cost further
  increases the overall cost structure making it
  very costly to deploy. Thus, such high deployment
  costs are hindering the extended reality (XR)
  market growth.
• Key Solution
• The consumer engagement segment is anticipated to
  dominate extended reality (XR) market during the
  forecast period
• The consumer engagement segment is anticipated to
  dominate the market during the forecast period.
  The growth of this segment is mainly attributed
  to the growth in demand for XR devices among
  consumers due to its capabilities of creating
  realistic illusions. In addition, growing demand
  from consumers for this technology in numerous
  industries such as education, retailing, tourism,
  healthcare, gaming, and others is fuelling the
  growth of this segment.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/extended-reality-xr-market

4
Extended Reality (XR) Market by Type, Uses
Geography 2019-2025

• Regional Market Scenario
• Asia-Pacific will lead the growth in this market
• Asia-Pacific region is projected to hold the
  highest CAGR during the forecast period. The
  market growth of this region is mainly attributed
  to the booming adoption of IoT things and
  smartphones in countries such as China, India,
  and Japan. In addition, growth in the adoption of
  Virtual Reality (VR and Augmented Reality (AR)
  technologies in the media entertainment
  industry and rise in the number of VR and AR
  applications related training providers are also
  the major factors contributing to the market
  growth in this region.
• Key Market Players Accenture PLC, Microsoft
  Corporation, Qualcomm Technologies Inc.,
  SoftServe Inc., Northern Digital Inc., SphereGen
  Technologies, Softweb Solutions Inc., Northern
  Digital Inc., VertexPlus Softwares Pvt. Ltd.
• Key Questions Answered
• What are the key growth regions and countries?
• What are the important types and technologies
  being used?
• What are the market players doing, in terms of
  research and development?
• Which are the new applications for this market?
• What are the integrations happening?
• What are the recent news, developments, mergers,
  or large value deals?

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Market Segments Extended Reality (XR) Market

• By Solution
• Business engagement
• Consumer engagement
• By Application
• Augmented Reality (AR)
• Virtual Reality (VR)
• Mixed Reality (MR)
• By Industry Vertical
• Media Entertainment
• Retail
• Healthcare
• Education
• Defense
• Others

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Extended Reality (XR) Market by Type, Uses
Geography 2019-2025

• By Region
• North America
• Europe
• Asia Pacific
• Middle East Africa
• Central South America
• Purchase a single user copy of the global
  Extended Reality (XR) Market report_at_
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