Extended Reality (XR) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Extended Reality (XR) Market is expected to register a CAGR of 57.91% over the forecast period. Extended reality (XR) is among the emerging technologies and encompasses immersive technologies, such as augmented reality, virtual reality, mixed reality, and other future realities that may emerge. One of the main driving factors for the market is the increasing demand for reducing the distance between people and richer visual content.
Key HighlightsThe Extended Reality (XR) Market is concentrated and consists of a few players. Some players are expanding their services across the emerging market to gain a market share. However, with advancements in immersive technology trends across the virtual platform, new players are increasing their market presence by enhancing their services and expanding their business footprint across emerging economies.
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