Stratview Research delivers key insights on the global Extended Reality (XR) Market. According to Stratview Research, the market is segmented 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) and Regio [Brazil, Argentina, and Others]).
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The report suggests that the overall Extended Reality (XR) Market is projected to grow from USD 25.2 billion in 2020 to USD 361.9 billion by 2026 at a CAGR of over 57.2% during the forecast period.
Market Segments' Analysis
Based on application, the Extended Reality (XR) market has been classified Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). Under these, the Virtual Reality (VR) segment held a significant market share in 2020.
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.
The following are some of the key players in the extended reality (xr) market:
- Qualcomm Technologies Inc. (US)
- Accenture PLC (Ireland)
- SoftServe Inc. (US)
- SphereGen Technologies (US)
- Northern Digital Inc. (Canada)
- Microsoft Corporation (US)
- Softweb Solutions Inc. (US)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for extended reality (xr) market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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