News Market Insights

The mushrooming usage of connected devices and smartphones, especially in emerging economies such as India and China, is driving the demand for AR applications. For instance, as per the estimates of the India Brand Equity Foundation (IBEF), the total number of smartphone users in India will rise from around 502 million in 2019 to 780 million by 2021. Furthermore, the organization found that the contribution of the country to the global smartphone industry grew from 9% in 2016 to 16% in 2019. Additionally, the soaring number of collaborations and partnerships among industry players is also fueling the growth of the market. Besides the aforementioned factor, the surging adoption of AR and VR solutions is also propelling the demand for extended reality across the world. The increasing usage of head-mounted displays (HMDs) for knowledge and education purposes and among several enterprises operating in various industries for providing a highly engaging and interactive customer experience i...

As per the World Bank, the number of mobile cellular subscriptions increased from 7.18 billion in 2015 to 7.98 billion in 2019. The increasing penetration of smartphones and other connected devices will result in the largescale adoption of extended reality (XR) solutions across the world. Moreover, the accelerating internet use will also fuel the demand for XR solutions in the upcoming years.   Additionally, the mounting popularity of augmented reality (AR) and virtual reality (VR) technologies among general public and the retail, education, healthcare, gaming, industrial and manufacturing, aerospace and defense, and media and entertainment sectors will fuel the extended reality market at a robust CAGR, of 48.3%, during 2020–2030. XR Market Outlook and Opportunities in Grooming Regions The market was valued at $18.6 billion in 2019 and it is projected to generate $1,005.9 billion revenue by 2030. The rising usage of head-mounted displays (HMDs) by individuals for education purpos...

Extended reality (XR) solutions are being increasingly used in smartphones and connected devices. With the rising adoption of these consumer electronics, the usage of XR solutions will rise significantly. Also, the surging usage of augmented reality (AR) applications on these devices will fuel the integration of XR technology in the coming years. AR applications and devices are widely used in the retail, healthcare, and e-commerce industries. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/extended-reality-xr-market-insights/report-sample Moreover, the escalating investments in AR technology advancements will amplify the adoption of XR solutions in the foreseeable future. Moreover, the increasing adoption of 5G services will drive the extended reality market at a 48.3% CAGR during the forecast period (2020–2030). The XR market size is expected to rise from $18.6 billion in 2019 to $1,005.9 billion by 2030. XR solutions require high bandwidth, low ...