For example:
Virtual Reality (VR) Mixed Reality (MR) Augmented Reality (AR)
In addition, the term includes those that are still waiting to be developed. XR technologies expand our reality. They do this by providing an experience that combines the real and virtual worlds in one experience. In addition, they can be used to create an experience that’s fully immersive. In just a few years, XR has evolved into a crucial technology for the future workplace. Marketwatch predicts that globally, XR production will grow by 46.5% over the next few years. With it becoming such a big part of everyday life, it’s important to understand where the industry is going and that’s where this post will help.
Key Extended Reality Stats and Facts 2023
Extended Reality Customer Engagement Stats and Facts 2023
Benefits of Extended Reality Stats and Facts 2023
Extended Reality Market Trends 2023
How big is the extended reality market?
The global extended reality market reached a value of US$ 42.86 billion in 2021. It is expected to register a CAGR of 57.91% over the period 2022-2027.
Is extended reality growing?
Yes, it is growing and the market size is expected to reach USD $393 billion by 2025.
What percentage of the population uses extended reality?
In 2020:
100 million consumers used AR to shop 1 billion people worldwide use AR. 83.1 million consumers in the US used AR monthly. 70% of consumers 16 to 44 years old are aware of AR. Last 2022, 17% of consumers in the US used AR.
Conclusion
Extended reality has been here for a while now, but a new generation of technology is transforming our landscapes and everyday lives. This kind of technology is being adopted faster than anything before and the trend is likely to continue going forward. When researching this topic, we used the following sources for our information:
Marketsandmarkets.com Statista imarc XR Today Mordor Intelligence Globe Newswire
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