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

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.

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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.

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