Press release
Global Immersive Technologies Market Projected to Reach $493.5 Billion by 2030: Meticulous Research® Unveils Exclusive Insights
[Redding, California, March 13, 2024] - Meticulous Research®, a premier global market research firm, has released its latest comprehensive report titled "Global Immersive Technologies Market: Analysis by Offering (Hardware, Software, Services), Technology (Augmented Reality, Virtual Reality, Mixed Reality, Haptic), Application (Training & Learning, Remote Collaboration), Sector, and Geography-Forecast to 2030".Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5563
The report forecasts that the global immersive technologies market is set to surge to an estimated value of $493.5 billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 29.4% from 2023 to 2030. This substantial growth trajectory is attributed to heightened investments in immersive technologies, their increasing integration into healthcare training, and the advent of metaverse and web 3.0 technologies. Additionally, the market is bolstered by burgeoning demand for 3D graphics and real-time 3D skills, coupled with expanding applications across architecture, engineering, and construction sectors. However, challenges such as a shortage of skilled professionals and the high cost of hardware pose constraints to the market's expansion.
The global immersive technologies market is meticulously segmented based on offering, technology, application, sector, and geography. Notably, the report offers a comprehensive analysis of industry competitors and examines regional and country-level market dynamics.
Among the key players highlighted in the study are Acer Inc., AVEVA Group Plc, Microsoft Corporation, Magic Leap, Inc., Google LLC, and more. These industry leaders represent the diverse landscape driving innovation and market growth.
Browse in depth @ https://www.meticulousresearch.com/product/immersive-technologies-market-5563
In terms of offerings, hardware currently holds the largest market share, although the software segment is projected to exhibit the highest CAGR during the forecast period. This surge in software demand is attributed to requirements for remote collaboration, product development, and content creation.
Technologically, while virtual reality presently dominates the market share, mixed reality is poised to witness the highest growth rate. Mixed reality's ability to deliver immersive experiences and its extensive applicability in product advertisement and marketing are key factors fueling its adoption.
Application-wise, training & learning presently leads the market share, while promotion & advertising is forecasted to experience the highest growth rate. This growth is driven by increased deployments in real estate for project demonstrations and the retail sector to enhance customer experiences.
Sector-wise, media and entertainment currently hold the largest share, but healthcare & medical devices are expected to witness the highest growth rate, attributed to immersive technologies' utilization in surgeries, healthcare training, and therapeutic applications.
Geographically, the Asia-Pacific region is anticipated to register the highest CAGR, driven by immersive technologies' integration into real estate, construction, and increasing investments in skill development.
Quick Buy - Immersive Technologies Market - Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/76071123
Moreover, notable investments and initiatives in immersive technology development within the Asia-Pacific region further underscore its growth potential. For instance, China aims to significantly expand its VR industry output, while South Korea and Singapore have announced substantial investments in metaverse-related services and immersive training programs, respectively.
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Meticulous Market Research Inc.
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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