The extended reality (XR) market size was $18.6 billion in 2019, and it is projected to showcase a CAGR of 48.3% during 2020–2030. The major factors behind this growth include the surging adoption of 5G, AR/VR, smartphones, and connected devices, soaring number of collaborations and partnerships, and mounting focus on gesture-based computing.

The extended reality (XR) market size was $18.6 billion in 2019, and it is projected to showcase a CAGR of 48.3% during 2020–2030. The major factors behind this growth include the surging adoption of 5G, AR/VR, smartphones, and connected devices, soaring number of collaborations and partnerships, and mounting focus on gesture-based computing.