Overview of the Global Extended Reality Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Extended Reality Market By Component (Hardware [Sensors, Cameras, Transducers, Speakers], Services [Professional Services, Managed Services], Software [Handheld Mobile Apps, Content Creation & Software Engines, Development Suit]), By Type (Mobile XR, PC-tethered XR, Windows), By Delivery Mode (Consumer Based [Gaming, Entertainment, Others], Business Based [Manufacturing & Production, Healthcare, Others]), By Organization Size (Small & Medium-Sized, Large Enterprises), By Application (Virtual Reality, Augmented Reality, Mixed Reality), By End-User (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, Others), The Global Extended Reality Market is anticipated to grow at a CAGR of around 55% during the forecast period, i.e., 2021-26. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Extended Reality Market Growth and Scope:
Base Year: 2020
Forecast Period: 2021-2026
Historical Data: 2016-155
CAGR (2021-2026): 55%
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What key factor is expected to drive the growth of the Extended Reality Market between 2021-26?
Driver parts:
Increasing Adoption of Extended Reality Solutions in the Healthcare Sector - The adoption of ER in the healthcare sector is gaining incredible pace since it offers lucrative opportunities to medical practitioners, like helping in developing 3D imitations of patient scans that could further help them in their studies. ER can also help create an interactive platform for healthcare providers where multiple surgeons can collaborate for training lessons, discussions, etc. Hence, these benefits of ER in the healthcare sector are projected to drive the market during 2021-26.
A Comprehensive Analysis of Leading Companies of Extended Reality Market by MarkNtel Advisors:
- Facebook Inc
- Alphabet Inc. (Google Inc.)
- HTC Corporation
- Unity Technologies
- Microsoft Corporation
- Samsung Electronics CO., LTD
- Magic Leap
- Sony Corporation
- Vuzix Corporation
- Atheer
- PTC
- Apple Inc.
- Eon Reality
- Niantic Inc.
- Snap Inc.
Key Extended Reality Market Segmentation:
-By End- Users
- BFSI
- Healthcare & Life Sciences
- Telecommunications & IT
- Government & Public Sector
- Manufacturing
- Consumer Goods & Retail
- Media & Entertainment
According to the report, the Media & Entertainment industry is among the most prominent end-users in the market, mainly due to the increasing availability of affordable smartphones, the surging income of the middle-class population, & improved internet connectivity.
-By Delivery Mode
- Consumer-Based
- Business-Based
According to the report, the Business-Based delivery model accounted for the largest market share. The adoption of ER in businesses promoted enhanced sales & customer engagement. In addition to this, the snowballing adoption of advanced technologies for business development & employee training is also driving the demand for Business-Based ER solutions.
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-By Component
- Hardware
- Services
- Software
-By Type
- Mobile XR
- PC-tethered XR
- Windows
-By Organization Size
- Small & Medium-Sized
- Large Enterprises
-By Application
- Virtual Reality
- Augmented Reality
- Mixed Reality
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
According to the report, North America acquired the largest share in the Extended Reality Market and is expected to maintain its dominance even during the forecast period.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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