15.04.2021 Бизнес

Extended Reality Market Worldwide Industry Analysis and New Market Opportunities Explored

The mushrooming usage of connected devices and smartphones is one of the major factors fueling the demand for extended reality (XR) solutions across the globe. As per a report produced by the GSM Association in March 2020, as of December 2019, there were as many as 5.2 billion unique mobile subscribers around the world, or around 67% of the total population of the world were using smartphones. Moreover, this number is predicted to rise to 5.8 billion by 2025.

This means that nearly 70% of the global population will use mobile phones in 2025. Besides this factor, the increasing adoption of virtual reality (VR) and augmented reality (AR) solutions by the general public and businesses is also fueling the expansion of the extended reality industry across the world. Many organizations and common citizens are increasingly using head-mounted displays (HMD) for entertainment and knowledge purposes and for also providing a highly interactive experience.

According to a report produced by Accenture plc, in collaboration with the German Digital Media Association, in December 2017, the value of head-mounted display device shipments will grow from 22 million in 2018 to 81 million by 2021. Furthermore, the increasing number of partnerships and collaborations among major industry players for making the XR technology available to a wide user base in several industries are also contributing toward the surging popularity of XR solutions across the world.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/extended-reality-xr-market-insights/report-sample

This is, in turn, driving the advancement of the global extended reality (XR) market. As a result, the valuation of the market will grow from $18.6 billion in 2019 to $1,005.9 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 48.3% between 2020 and 2030. Depending on device type, the market is divided into headset, personal computer (PC), and mobile. Out of these, the headset category will exhibit the fastest growth in the coming years.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings