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The market for extended reality was valued at USD 31.26 billion globally in 2021, and by 2030, it is projected to grow to USD 357.38 billion. Over the course of the projected period, a CAGR of 31.80% is expected to be registered by the market.
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“Extended Reality Market”” Extended Reality Market” is a comprehensive and specialized analysis of the relevant industry that focuses especially on the examination of global market trends. The report’s objective is to present a thorough market segmentation by type along with an overview of the industry. Over the course of the projection period, the market is anticipated to rise rapidly. Key industry trends and opportunities are presented in the study along with important statistics regarding the state of the top market players.
Over the projected time, the worldwide extended reality market is expected to rise at an exponential rate. The need for immersive entertainment—which includes virtual and augmented reality—is growing in popularity. Furthermore, the expansion of the extended reality market in the healthcare sectors is propelled by the expansion of patient outcomes and increased access.
Furthermore, growing technical developments for customer and brand engagement across several industries. For example, Microsoft released the HoloLens 2, the second generation of the HoloLens, in May 2019. The Unity PiXYZ Plugin for CAD data, Azure credits, and free trials of Unity Pro are all included in the HoloLens 2 package. As a result, these actions fuel market expansion.
