openPR Logo
Press release

Extended Reality Market Reach to USD 446.6 Billion by 2031 | Top Players such as - Qualcomm, Alphabet and Softserve

06-09-2023 07:15 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Extended Reality Market Reach to USD 446.6 Billion by 2031 | Top

According to the report published by Allied Market Research, The Extended Reality Market Reach to USD 446.6 Billion by 2031 | Top Players such as - Qualcomm, Alphabet and Softserve. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Factors such as increasing investments in extended reality and Increasing adoption of XR in healthcare industry primarily drive growth of the extended reality market. However, immoderate use of XR device has negative health effects and worldwide economic downturn because of COVID-19 hamper market growth to some extent. Moreover, continuous 5G technology advancements are expected to provide lucrative opportunities for market growth during the forecast period.

Download Sample Report at:

The global extended reality market is segmented on the basis of component, technology, end user and region. On the basis of component, it is bifurcated into hardware, software, and services. On the basis of technology, it is segregated into virtual reality (VR), augmented reality (AR), and mixed reality (MR). On the basis of end user, it is classified into gaming, retail, healthcare, education, manufacturing, aerospace and defense, media and entertainment and others. Based on region, it is segregated into North America, Europe, Asia-Pacific, and LAMEA.

By end user, the gaming segment accounted for nearly two-fifth of the global extended reality market share in 2021 and is expected to rule the roost by 2031. The retail segment would also display the fastest CAGR of 33.3% throughout the forecast period, owing to rise in improving the shopping experience and numerous tempting applications for augmented reality in fashion has a positive impact on productivity and economic and social development drive growth of the market.

Enquiry Before Buying:

By region, North America garnered the highest share in 2021, holding nearly one-third of the global extended reality market revenue in 2021, and is projected to retain its dominance by 2031. The Asia-Pacific region would also portray the fastest CAGR of 32.4% during the forecast period. The increased use of smartphones and other connected devices in gaming, media and entertainment, healthcare, and other sectors aiding the growth of North America extended reality market.

The extended reality industry is dominated by key players such as Qualcomm Incorporated, Adobe Inc., Alphabet Inc., Microsoft Corporation, HTC Corporation, Softserve Inc., Unity Technologies, Sony Corporation, and Facebook. These players have adopted various strategies to increase their market penetration and strengthen their position in the extended reality industry.

For Report Customization:

Covid-19 scenario

● Various countries across the globe are adopting ROS for the healthcare sector to train their future doctors and students for fighting the COVID-19 pandemic.

● Rise in number of patients across the globe have led to a significant increase in the adoption of extended reality market, owing to the closing of workplaces and upsurge in the use of virtual reality in different sector such as manufacturing, retail, and healthcare.

● However, rise in organic growth strategies by the major key players has helped the market recover post-pandemic.

Procure Complete Report (400 Pages PDF with Insights, Charts, Tables, and Figures) at:

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

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.

Access the full summary at:

David Correa
5933 NE Win Sivers Drive
#205 Portland OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Follow Us on LinkedIn and Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR 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.

AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.

Permanent link to this press release:

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 Reach to USD 446.6 Billion by 2031 | Top Players such as - Qualcomm, Alphabet and Softserve here

News-ID: 3084091 • Views: 370

More Releases from Allied Market Research

Driving the Future: Embedded Systems Revolutionizing Automobiles
Driving the Future: Embedded Systems Revolutionizing Automobiles
Embedded system are a combination of computer hardware and software with dedicated function used to maximize efficiency and reduce pollution. Embedded system is an integral part of automobile safety system, it is used in anti-lock braking system, electronic stability control, traction control, and automatic four-wheel drive. The embedded system hardware includes microcontroller, integrated circuit, central processing unit, and others and the software include operating system such as linux, windows, java,
Beverage Dispenser Market Current Scenario Trends, Comprehensive Analysis and Re …
Beverage dispensers are the devices used for the purpose of dispensing beverage products. It is generally used for dispensing water, soft drinks, tea, coffee, alcoholic drinks, slush drinks, and others. Beverage dispensers are used at restaurants and clubs, offices, institutional buildings, residents, and others. Request The Sample PDF Of This Report: Developments in technology majorly drives the market. New and improved customization along with the attractive designs gains new customers
Vehicle Radiator Market Growth by Regions, Applications, Key Drivers, Trends and Forecast to 2032
Vehicle Radiator Market Growth by Regions, Applications, Key Drivers, Trends and …
Vehicle radiator is a major component in the engine, which is used for cooling the internal combustion of the engine in automobiles, locomotives, aircraft, and motorcycles. The internal combustion engine is cooled by introducing a liquid know as engine coolant through the engine block where it gets heated and then through a radiator where it loses heat to the outside atmosphere. The engine coolant is returned to the engine after
The Skies Under Scrutiny: Navigating Aviation Safety Through Flight Inspection
The Skies Under Scrutiny: Navigating Aviation Safety Through Flight Inspection
The global flight inspection market is experiencing a significant growth due to growing aircraft fleet. Flight inspection is the periodic evaluation of avionic systems such as navigational aids to ensure its safety & accuracy. Flight inspection measure the performance of communication, navigation, and surveillance infrastructure of an aircraft. Moreover, flight inspection reviews all flight procedures such as routes, approach, departure, and validation of electronic signals transmitted from ground navigation system

All 5 Releases

More Releases for Extended

Extended Warranty now Available
Calibre UK Ltd a subsidiary of the Coretronic Corporation of Taiwan is pleased to announce the launch of its new extended warranty program for the Calibre HQView, LEDView, HQUltra and HQPro series of Switcher-Scalers. These ranges are already supplied with a 3 year RTB warranty from the factory and from today customers are able to easily extend that warranty at their time of purchase from 3 to 5 years for a
Extended Ultraviolet Lithography Market - The Use of Complex Technology In Exten …
Extended ultraviolet lithography is a technology which is highly in demand on account of its use for the manufacturing of microprocessors and integrated circuits with wavelength of 13.5 nm. The rising demand for low wavelength devices which are highly powerful is one of the key factors bolstering the demand for extended ultraviolet lithography market. Another factor which is boosting the demand for extended ultraviolet lithography is the low cost and
Compact shading, extended potential
With a discreet design that has a dramatic presence, the markilux 1300 Basic has it all. Are you looking to make a big impact, but only have space for a smaller shading system? The markilux 1300 Basic is quite simply the best compact solution on the market today. Slim, stylish and suave, the recently refreshed model is perfect for both awkward small spaces and larger outdoor areas. Offering unrivalled value-for- money,
SPANNMAXXL´s Easter sale extended
German sun blind manufacturer SPANNMAXXL - part of SKIA GmbH based in Cologne – just has extended its Easter sale until April 20, 2016. That`s almost 2 weeks more of massive savings of 16% of the original price on all items. „Since we are desperately waiting for spring in almost whole Europe, we decided to extend our Easter sale offer for almost 2 weeks. Hopefully, we´ll experience some nicer and warmer
PROFINET Diagnostics with Extended Functionality
Haar, 07/08/2014 - Softing Industrial Automation announces the release of new versions for the proven PROFINET diagnostics solutions TH SCOPE and TH LINK. Additional functionalities for the display of network topologies and for the performance and use of reference measurements make commissioning more efficient and effective, and allow the permanent monitoring of Ethernet-based networks, in particular PROFINET. The new version 1.5 of the TH SCOPE diagnostics software for PROFINET provides maintenance
GstarCAD2012 Extended Version Released Today
“Excellent software is alive, its birthday will never be its end, but be more outstanding via developers’ decoration” – Director of Product Development said that while an extended version GstarCAD2012 EX was finished. It has been a year since the birth of GstarCAD2012; it is still energetic now, and has continued to be enhanced by the latest technology and market requirements. At present, as the release of GstarCAD2012 EX, its