Extended reality market set to grow significantly with major players like Apple, Sony, and Google

From GlobeNewswire:

The extended reality market is projected to reach USD 111.5 billion by 2028, with a CAGR of 22.7% from 2023. Factors driving growth include deployments in education and industrial training, demand in entertainment and gaming, and advancements in 5G technology. Major players like Microsoft and Sony are leading the market with strategic collaborations and innovative solutions.

Meta Platforms, Inc. is a social media and technology company with a global presence, investing in R&D to deliver immersive AR/VR/MR experiences. Microsoft, known for software products and services, is a prominent player in the extended reality market with strong financial performance. Sony Group Corporation designs and sells electronic equipment globally, focusing on innovative products like PlayStations.

Apple Inc. leads in electronic product development, offering AR, VR, and MR solutions with plans for VR/MR headsets soon. Google, a tech giant, invests in R&D and has a significant outreach through ARCore for Android users. With over 70 offices worldwide, Google is well-supported by R&D, sales, and support offices in multiple countries.



Read more at GlobeNewswire: Extended Reality Companies – Sony Group Corporation, Apple