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Global Mixed Reality Market To Be Driven By Rapid Technological Advancements In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Mixed Reality Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global mixed reality market, assessing the market based on its segments like component, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 681 million
  • Forecast CAGR (2022-2027): 77%
  • Forecast Market Size (2027): USD 20,708 million

The market for mixed reality is being catalysed by the increased automation and digitalisation trends that are being seen across industries. A multitude of industries, including automotive and healthcare, as well as workplaces, are increasingly adopting mixed reality ideas. The mixed reality market is being propelled forward by the expanding popularity of 5G technology, IoT technology, and the availability of low-cost hardware, among other considerations. In addition, North America contributed heavily to the mixed reality industry’s growth in 2020 and is predicted to maintain its market dominance in the following years. This is due to a growth in the usage of mixed reality gadgets, as well as the introduction of rules that encourage the adoption of 5G technology and AI. In the coming years, these factors are projected to fuel market expansion.

Market segmentation

On the basis of component, the industry can be segmented into:

  • Hardware
  • Software

Based on application, the industry can be divided into:

  • Automotive and Aerospace
  • Medical
  • Entertainment
  • E-Commerce and Retail
  • Others

The regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Explore the full report with the table of [email protected]

Market Trends

Mixed reality-enabled investments in devices, software ecosystems, and platforms are likely to drive market growth. The eventual goal of these investments is for a new business model to replace industry keyboards and flat screens. In the contemporary technology era, this is projected to boost user interaction. Typing, clicking, touching, and swiping become more functional with each development in user interface patterns, allowing users to progress “beyond the glass” of traditional displays. Wearable technology is also a key component of some of the most complicated and immersive mixed reality experiences available today. Wearables are predicted to become commonplace across a wide range of industries and businesses. Furthermore, the growth of the wearables market, such as Microsoft’s HoloLens, may improve a variety of field activities, including maintenance and delivery. In the coming years, these factors are projected to contribute to the expansion of the mixed reality industry.

Key Market Players

The major players in the market are Amber Garage, Microsoft Corporation, Canon Inc., Samsung Electronics Co., Ltd., HP Development Company, L.P., Brainlab AG, and Others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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