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Extended Reality Market Top Companies, Business Growth & Investment Opportunities 2029

04-08-2022 06:23 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Extended Reality Market

Extended Reality Market

The rise in penetration of smartphones and mobile gaming is the major factor that drives the extended reality market. The increase in adoption of augmented & virtual reality solutions in various industry verticals such as education, entertainment, and healthcare also propels the extended reality market growth.

However, the lack of effective user experience design and slow growth among underdeveloped economies hinders the extended reality market growth.

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Contrarily, an increase in investments in the market and advancements in technologies across various industry verticals such as media & entertainment, marketing, manufacturing, and IT is expected to create growth opportunities for the extended reality market in the coming years.

A video game is one of the major applications of augmented and virtual reality technology. In the past, the number of gamers worldwide has increased at a rapid pace, mobile games comprise 33% of all app downloads, 74% of consumer spending, and 10% of all-time in-app spent.

This is expected to rise demand for augmented and virtual reality-based games, which drive market growth.

Augmented and virtual reality technologies can be used for collaborative seminars, meetings, public lectures, flight training, military training, training for nurses & medical professionals, and self-learning process.

Furthermore, to introduce enhanced products or solutions, key players are anticipated to emphasize on product innovation through continuous investments in product development, which further results in advancements of AR/VR technology.

Access full summary at: https://www.alliedmarketresearch.com/extended-reality-market-A06940

Major players analyzed in the market include Augray Ltd., HTC Corporation, Microsoft Corporation, Northern Digital Inc., Qualcomm Technologies Inc., SoftServe Inc., Softweb Solutions Inc., SphereGen Technologies, and VertexPlus Softwares Pvt. Ltd.

Key benefits of the report:

• This study presents analytical depiction of the global extended reality industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global extended reality market share.

• The current extended reality market is quantitatively analyzed from 2021 to 2027 to highlight the market growth scenario.

• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

• The report provides a detailed global extended reality market analysis based on competitive intensity and how the competition will take shape in coming years.

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

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If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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