Extended reality (XR) is the technology that combines virtual and real environments in order to power interactions between machines and humans. The technology encompasses virtual reality, augmented reality, mixed reality, and more upcoming realities. As extended reality is based on these basic technologies, improvements in them will ultimately impact and enhance the user experience for XR.
Owing to increasing developments in extended reality, it is being implemented in different business operations and verticals. It helps businesses to avoid the distance obstacles, which again extends the scope for the technology. Moreover, the targeted technology is expected to bring more innovations in future that comprises:
- Augmented reality for shopping enabling customers to try numerous products virtually
- Augmented reality for business, assisting them to streamline their business processes
- Integration of artificial intelligence in augmented reality, helping in diagnosis of various disorders
- Integration of WEBAR in browsers in the coming years, and more.
Major Key Players of the Extended Reality Market are:
Qualcomm Technologies, HP Reveal, Accenture, Dassault Systèmes SolidWorks Corporation, Agile Lens, TATA ELXSI, Northern Digital, SoftServe, AugRay, and Mirari LLC, among others.
Read More @ http://www.sbwire.com/press-releases/extended-reality-market-to-witness-huge-growth-from-2019-2030-and-focusing-on-top-key-players-qualcomm-technologies-hp-reveal-accenture-1281217.htm
The global extended reality market is driven by increased technological advancements and investments in AR&VR, expansion of the gaming industry, and rising demand for improved customer experience. Moreover, a rise in the penetration of smartphones & mobile gaming and increased adoption of augmented & virtual reality solutions in education are playing a pivotal role in contributing to the global extended reality market growth. However, the lack of effective user experience designs and slow growth among underdeveloped economies are likely to restrain market growth to a certain extent.
Based on offering, the global extended reality market is segmented into hardware and software. The hardware segment consists of cameras, sensors, speakers, and transducers. The hardware segment is dominating the extended reality market and is expected to witness the highest CAGR during the forecast period owing to declining prices of sensors, advancements in motion-tracking technology and growing curiosity of people toward automation. Based on technology, the market is segmented into virtual reality, augmented reality, and mixed reality. The augmented reality segment is dominating the extended reality market and is expected to witness the highest CAGR during the forecast period. The growth of this segment can be attributed to rising demand from retail and healthcare sectors.
Major Types of Extended Reality Market covered are:
Mobile XR
PC-tethered XR
Major Applications of Extended Reality Market covered are:
Consumer
Commercial
Healthcare
Aerospace & Defense, and Automotive
Read More @ http://www.sbwire.com/press-releases/extended-reality-market-to-witness-huge-growth-from-2019-2030-and-focusing-on-top-key-players-qualcomm-technologies-hp-reveal-accenture-1281217.htm
Owing to increasing developments in extended reality, it is being implemented in different business operations and verticals. It helps businesses to avoid the distance obstacles, which again extends the scope for the technology. Moreover, the targeted technology is expected to bring more innovations in future that comprises:
- Augmented reality for shopping enabling customers to try numerous products virtually
- Augmented reality for business, assisting them to streamline their business processes
- Integration of artificial intelligence in augmented reality, helping in diagnosis of various disorders
- Integration of WEBAR in browsers in the coming years, and more.
Major Key Players of the Extended Reality Market are:
Qualcomm Technologies, HP Reveal, Accenture, Dassault Systèmes SolidWorks Corporation, Agile Lens, TATA ELXSI, Northern Digital, SoftServe, AugRay, and Mirari LLC, among others.
Read More @ http://www.sbwire.com/press-releases/extended-reality-market-to-witness-huge-growth-from-2019-2030-and-focusing-on-top-key-players-qualcomm-technologies-hp-reveal-accenture-1281217.htm
Based on offering, the global extended reality market is segmented into hardware and software. The hardware segment consists of cameras, sensors, speakers, and transducers. The hardware segment is dominating the extended reality market and is expected to witness the highest CAGR during the forecast period owing to declining prices of sensors, advancements in motion-tracking technology and growing curiosity of people toward automation. Based on technology, the market is segmented into virtual reality, augmented reality, and mixed reality. The augmented reality segment is dominating the extended reality market and is expected to witness the highest CAGR during the forecast period. The growth of this segment can be attributed to rising demand from retail and healthcare sectors.
Major Types of Extended Reality Market covered are:
Mobile XR
PC-tethered XR
Major Applications of Extended Reality Market covered are:
Consumer
Commercial
Healthcare
Aerospace & Defense, and Automotive
Read More @ http://www.sbwire.com/press-releases/extended-reality-market-to-witness-huge-growth-from-2019-2030-and-focusing-on-top-key-players-qualcomm-technologies-hp-reveal-accenture-1281217.htm
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