Europe Extended Reality (XR) Market Share 2022, COVID-19 Impact, Types, Applications, Status and Outlook to 2030

Astute Analytica has released new research on the worldwide Europe Extended Reality (XR) Market that provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the industry.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Europe Extended Reality (XR) Market size was US$ 8.83 billion in 2021 and forecast to grow to US$ 98.74 billion by 2030, registering a compound annual growth rate (CAGR) of 31.48% during the forecast period from 2022 to 2030.

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Regional Analysis

North America is forecast to emerge as the largest shareholder in the industry in terms of revenue. The growth of the market is attributable to various factors, including early adoption of advanced technology, growing investments in the sector, and rising infrastructural development. Furthermore, the Asia-Pacific market for information technology will also grow steadily due to growing spending by government bodies. Additionally, increasing initiatives to improve infrastructure will also drive the market forward.

COVID-19 Impact

The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the information technology market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.

Major Key Players in the Europe Extended Reality (XR) Market are:

Atheer Inc.
Blippar.com Ltd.
Dell Technologies Inc.
EON Reality Inc.
Google Inc.
Honeywell International Inc
HTC Corporation
Magic Leap
Manus Machinae B.V.
Microsoft Corporation
Nokia Corporation
Oculus VR LLC
Qualcomm Incorporated
Samsung Electronics Co. Ltd
Semcon
Sony Corporation
VirZoom Inc.
Vuzix Corporation
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Europe Extended Reality (XR) Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Component

Hardware
Software
Services
By Technology

Virtual Reality (VR)
Augmented Reality (AR)
Mixed Reality (MR)
By Application

Business Engagement
Consumer Engagement
By Industry

Education
Healthcare
Industrial & Manufacturing
Media & Entertainment
Retail
E-commerce
Others
By Country

UK
Germany
France
Italy
Spain
Rest of Europe

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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This release was published on openPR.