Press release
Extended Reality Market is Estimated to Reach USD 277.96 Billion by 2030: Cognitive Market Research
Extended Reality Market is Estimated to Reach USD 277.96 Billion by 2030: Cognitive Market Research
Extended reality is a coined term, which it refers to immersive technology. Various technology already humans have such as virtual reality (VR), mixed reality (MR), and augmented reality (AR). These are people enables to connect, visit locations nearly, and experience the sensations as if they were essentially there. In addition, the extended reality is now used in employee and onboarding training, and a number of company hiring processes.
Summary:
• As per the study of CMR, The Global Extended Reality Market size was valued at USD 35.81 Billion in 2022 and is expected to grow at a CAGR Of 29.57 % during the forecast period, reaching USD 277.96 Billion by 2030.
• Based on components, the hardware segment has the largest revenue share in the extended reality market.
• Based on technology, the virtual reality (VR) segment has the major revenue share in the extended reality market.
• Based on end users, the gaming segment has the largest market share in the extended reality market.
• North America has the largest revenue share in the extended reality market.
To know more about The Extended Reality Market statistics click here: https://www.cognitivemarketresearch.com/extended-reality-market-report
Market Dynamics:
Extended Reality Market Drivers:
Increasing investment in extended reality and adoption of XR in the healthcare industry is the key factor expected to drive the growth of the global extended reality market.
Extended Reality Market Opportunities:
Advancement in the 5G technology is projected to create lucrative growth opportunities for the global extended reality market in the forecast period.
Extended Reality Market Restraints:
Excessive use of XR devices has harmful health effects and COVID-19's impact on the technology is anticipated to hamper the growth of the extended reality market.
Market Segmentation:
Component:
• Hardware
• Services
• Software
Based on components, the hardware segment has the largest revenue share in the extended reality market. This is due to increasing investment in hardware to provide inventing the designs as per changing demands and personalized XR experience projected to drive the growth of this segment.
Technology:
• Mixed Reality (MR)
• Augmented Reality (AR)
• Virtual Reality (VR)
Based on technology, the virtual reality (VR) segment has the major revenue share in the extended reality market. This is attributed to the increasing need for VR technology in rendering, high-quality video, and extremely low latency to make experiences believable for the end-user expected to drive the growth of this segment.
End User:
• Media and Entertainment
• Gaming
• Manufacturing
• Retail
• Education
• Healthcare
• Aerospace and Defense
• Others
Based on end users, the gaming segment has the largest market share in the extended reality market. This due to the increasing numerous tempting applications and enhancing the shopping experience for augmented reality in fashion has an impact on economic, and social development and productivity. This is projected to drive the growth of the gaming segment in the global extended reality market.
Competitive Analysis of Extended Reality Market: Alphabet Inc Facebook Inc , HTC Corp , Microsoft Corp , Northern Digital Inc , Qualcomm Inc , Seiko Epson Corp , Softweb Solutions Inc, Sony Corp
Get free sample pages of the latest published Extended Reality Market Report: https://www.cognitivemarketresearch.com/extended-reality-market-report
Regional Analysis:
North America accounted for the largest share of the extended reality market
North America has the largest revenue share in the extended reality market. This is owing to the increasing use of extended reality in smartphones and other connected devices such as entertainment, gaming, healthcare, media, and others. This is anticipated to drive the growth of the global extended reality market in the region.
Extended Reality Market Industry News:
Google has developed AR/VR more immersive on consumer devices
In June 2020, Google has developed a new technology to make immersive augmented reality and virtual reality devices for consumers' experiences.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Extended Reality Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Extended Reality Market Segmentation
1.5.1 Extended Reality Market Regional Fragmentation
1.5.1 Extended Reality Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Extended Reality Market
• 3.1 Global Extended Reality Market Size 2018 - 2030, (USD Million)
• 3.2 Global Extended Reality Value, Absolute & Opportunity Analysis
• 3.3 Global Extended Reality Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Extended Reality Market Statistics 2022: Snapshot
Chapter 4 Global Extended Reality Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Extended Reality Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Extended Reality Market by Technology Segmentation Analysis (2018-2030)
Chapter 11 Global Extended Reality Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Extended Reality Market Regional Analysis
Chapter 13 North America Extended Reality Market Outlook (2018 - 2030)
Chapter 14 Europe Extended Reality Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Extended Reality Market Outlook (2018 - 2030)
Chapter 16 Latin America Extended Reality Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Extended Reality Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Extended Reality Market TOC click here: https://www.cognitivemarketresearch.com/extended-reality-market-report#table_of_contents
Related Report:
• Mixed Reality Market- https://www.cognitivemarketresearch.com/mixed-reality-market-report
• Augmented and Virtual Reality Market- https://www.cognitivemarketresearch.com/augmented-and-virtual-reality-market-report
• Augmented and Virtual Reality Software and Service Market- https://www.cognitivemarketresearch.com/augmented-and-virtual-reality-software-and-service-market-report
• Augmented and Virtual Reality in Healthcare Market- https://www.cognitivemarketresearch.com/augmented-and-virtual-reality-in-healthcare-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Extended Reality Market is Estimated to Reach USD 277.96 Billion by 2030: Cognitive Market Research here
News-ID: 2989309 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Reality
Augmented Reality and Virtual Reality Market To Witness Huge Growth : DAQR, EON. …
Global Augmented Reality and Virtual Reality Market 2020-2027 by Technology, Component, Device Type, Industry Vertical, End-user, and Region: Trend Forecast and Growth Opportunity is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Augmented Reality…
Global Augmented Reality and Virtual Reality Market
Global Augmented Reality and Virtual Reality Market – Global Industry Analysis and Forecast (2017-2026) _ by Technology (Marker-Based, Marker Less and Others), by Device Type (Handheld Device, Head-Up Display, and Others), by Vertical, By Application, and by Geography
Market Scenario
Global Augmented Reality and Virtual Reality Market was valued US$ 6.1 Bn in 2017, and is expected to reach US$ 58.2 Bn by 2026, at a CAGR of 32.57% during forecast period.
Augmented…
Augmented & Virtual Reality Market by Technology (Augmented Reality, Virtual Rea …
Global Augmented & Virtual Reality Market was valued at USD 12.36 Billion in the year 2017. Global Augmented & Virtual Reality Market is further estimated to grow at a CAGR of 54.91% from 2018 to reach USD 170.84 Billion by the year 2023. North America region holds the highest market share in 2017 whereas Asia Pacific region is considered as the fastest growing market in the forecasted period. At the…
Mixed Reality Market - Convergence of Augmented Reality and Virtual Reality Tech …
Substantial advances in hardware technologies and the adoption of sophisticated mobile software to create real-time and immersive environments are the key factors stimulating the demand for mixed reality (MR). The inroads made by virtual world of computer-generated imagery to real-world environments along with the advancement in automated reality technologies has led to the steady evolution of the MR market.
Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14210
The mixed reality market…
Analysis Augmented Reality and Virtual Reality Market - Computer-Mediated Realit …
AR and VR technologies were incepted in early 90`s, but the technologies are getting into mainstream in recent years. As the market is in emerging stage the number of players are limited and growing year on year, limited entry barrier at present is encouraging new ventures in AR and VR market, while many big players such as Google, Inc., Microsoft, Facebook, and many others are focusing to capitalize the market…
AUGMENTED REALITY AND VIRTUAL REALITY Market
The Insight Partners added “Augmented Reality and Virtual Reality Market to 2025 - Global Analysis and Forecasts by Technology, Sensors & Components and Applications” to its research database. The report is spread across 203 pages and supported by 10 company leaders.
AR and VR technologies were incepted in early 90`s, but the technologies are getting into mainstream in recent years. As the market is in emerging stage the number of players…
