COVID-19 Impacts: Extended Reality Market will Decelerate at a CAGR of over 60% through 2020-2024 | Rapid Improvements In Sensor Technology to Boost Growth | Technavio
Technavio has been monitoring the extended reality market and it is poised to grow by USD 176.74 bn during 2020-2024. However, the market is expected to decelerate at a CAGR of over 60%. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Extended Reality Market 2020-2024 (Graphic: Business Wire).
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Accenture Plc, Alphabet Inc., Facebook Inc., HTC (News - Alert) Corp., Microsoft Corp., Northern Digital Inc., Qualcomm Inc., Seiko Epson Corp., Softweb Solutions Inc., and Sony Corp. are some of the major 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.
Rapid improvements in sensor technology have been instrumental in driving the growth of the market.
Extended Reality Market 2020-2024 : Segmentation
Extended Reality Market is segmented as below:
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Extended Reality Market 2020-2024 : Scope<> Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our extended reality market report covers the following areas:
This study identifies increasing adoption in the military as one of the prime reasons driving the extended reality market growth during the next few years.
Extended Reality Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the extended reality market, including some of the vendors such as Accenture Plc, Alphabet Inc., Facebook Inc., HTC Corp., Microsoft Corp., Northern Digital Inc., Qualcomm (News - Alert) Inc., Seiko Epson Corp., Softweb Solutions Inc., and Sony Corp. Backed with competitive intelligence and benchmarking, our research reports on the extended reality market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Extended Reality Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Application
Drivers, Challenges, and Trends
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