Extended Reality Market size has the potential to grow by USD 176.74 billion during 2020-2024. The market’s growth momentum will decelerate during the forecast period because of the decline in year-over-year growth.
This report provides a detailed analysis of the market by application (VR, AR, and MR) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Accenture Plc, Alphabet Inc., Facebook Inc., HTC Corp., Microsoft Corp., Northern Digital Inc., Qualcomm Inc., Seiko Epson Corp., Softweb Solutions Inc., and Sony Corp.
The market is fragmented. Owing to rapid technological advances, products are mostly differentiated based on their features and capabilities. Furthermore, factors such as high industry criticality, the high impact of product quality, and the high contribution of the industry to buyers' cost structure or procurement budget make the bargaining power of buyers low. Northern Digital Inc., Qualcomm Inc., Seiko Epson Corp., Softweb Solutions Inc., and Sony Corp. are some of the major market participants. Although the rapid improvements in sensor technology will offer immense growth opportunities, infrastructural and integration issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this extended reality market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this extended reality market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Accenture Plc
- Alphabet Inc.
- Facebook Inc.
- HTC Corp.
- Microsoft Corp.
- Northern Digital, Inc.
- Qualcomm Inc.
- Seiko Epson Corp.
- Softweb Solutions, Inc.
- Sony Corp.
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive extended reality market growth during the next five years
- Precise estimation of the extended reality market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the extended reality industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of extended reality market vendors