Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled, ‘Immersive Technologies Market by Offering (Hardware, Software, Services), Technology (Augmented Reality, Virtual Reality, Mixed Reality, Haptics), Application (Training & Learning, Remote Collaboration), Sector, and Geography - Global Forecast to 2030.’
The global immersive technologies market is projected to reach $493.5 billion by 2030, at a CAGR of 29.4% from 2024 to 2030. The growth of this market is attributed to growing investment in immersive technologies, rising adoption of immersive technologies in the healthcare sector for training, and the emergence of the metaverse and web 3.0. Furthermore, the growing demand for 3D graphics and real-time 3D skills and the rising adoption of immersive technologies in architecture, engineering, and construction are expected to create significant opportunities for this market. However, a shortage of skilled professionals challenges this market growth. Also, the high cost of hardware is restraining market growth.
The global immersive technologies market is segmented based on offering, technology, application, sector, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Key Players
The key players profiled in the global immersive technologies market study include Acer Inc. (Taiwan), AVEVA Group Plc (U.K.), Microsoft Corporation (U.S.), Magic Leap, Inc. (U.S.), Google LLC (U.S.), Sphere Technology Holdings, Inc. (U.S.), JuJu Immersive Limited (U.K.), Vive Business (HTC Corporation) (Taiwan), EON Reality (U.S.), Blippar Group Limited (U.K.), Barco NV (Belgium), Varjo Technologies Oy (Finland), Unity Software Inc. (U.S.), PTC Inc. (U.S.), and Ethar, Inc. (U.S.).
Based on offering, the global immersive technologies market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global immersive technologies market. The large market share of this segment is attributed to factors such as the growing adoption of virtual reality headsets for consumer and commercial applications and the rising focus of key players on product development and enhancement. For instance, in June 2024, Meta Platforms, Inc. (U.S.) announced the company's next-generation mixed-reality headset. This new headset boasts several upgrades compared to its predecessor. Notably, it features a sleeker design, with its thickness reduced by 40%. However, the software segment is expected to record the highest CAGR during the forecast period.
Based on technology, the global immersive technologies market is segmented into augmented reality, virtual reality, mixed reality, and haptics. In 2024, the virtual reality segment is expected to account for the largest share of the global immersive technologies market. The large market share of this segment is attributed to the benefits of virtual reality, such as improved learning, flexibility to create various types of environments or experiences and rising investment by technology companies. However, the mixed reality segment is expected to record the highest CAGR during the forecast period.
Based on application, the global immersive technologies market is segmented into training & learning, remote collaboration, visualization, promotion & advertising, product development, remote assistance, content creation, metaverse, and other applications. In 2024, the training & learning segment is expected to account for the largest share of the immersive technologies market. The large market share of this segment is attributed to the rising use of immersive technologies by various end-use industries to deliver engaging, simulated, real-world learning experiences.
For instance, in 2020, The Johns Hopkins University School of Nursing (U.S.) implemented VR training at all levels, from doctoral to prelicensure nursing, to enable repeatable immersive surgical simulations that bring valuable practice. However, the promotion & advertising segment is expected to record the highest CAGR during the forecast period.
Based on sector, the global immersive technologies market is segmented into education, automotive, aerospace & defense, manufacturing, retail & e-commerce, healthcare & medical devices, real estate, construction, media and entertainment, and other sectors. In 2024, the media and entertainment segment is expected to account for the largest share of the immersive technologies market. The large market share of this segment is attributed to the growing emergence of AR/VR games, the growing use of haptic technology for gaming, rising use of AR/VR by media and entertainment companies to give an immersive first-hand feeling to the viewers. For instance, in June 2024, The Walt Disney Company (U.S.) partnered with Apple Inc. (U.S.) to bring its streaming service Disney+ to Apple's new augmented reality headset. However, the healthcare segment is expected to record the highest CAGR during the forecast period.
Based on geography, the global immersive technologies market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the immersive technologies market. The region's large share is attributed to the growing investment in digital infrastructure and the rising inclination of the region’s technology companies toward metaverse and web 3.0.
However, the Asia-Pacific region is expected to record the highest CAGR during the forecast period. The growth of the market is driven by the rising use of immersive technology in real estate and construction, the emergence of new companies in the immersive technologies market, and growing investment in the development of immersive skills.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5563
Key Questions Answered in the Report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Healthy Buildings Market to be Worth $71.5 Billion by 2031
Read MoreGenerative AI Market to Be Worth $133.9 Billion by 2031
Read MoreIndustrial Metaverse Market to be Worth $600.6 Billion by 2031
Read MoreCloud Encryption Market to be Worth $30.2 Billion by 2031
Read MoreSmart Contracts Market to be Worth $8.7 Billion by 2031
Read MoreIPTV Market to Be Worth $145.1 Billion by 2031
Read MoreSmart Parking Market to be Worth $22.9 Billion by 2031
Read MoreEnterprise AI Market to be Worth $171.2 Billion by 2031
Read MoreOver-the-air (OTA) Market to be Worth $20.7 Billion by 2031
Read MoreRF Test Equipment Market to be Worth $5.4 Billion by 2031
Read MoreAirport Security Market to be Worth $25.27 Billion by 2031
Read MoreAI in E-commerce Market to be Worth $11.1 Billion by 2031
Read MoreFood Traceability Market to be Worth $40.05 Billion by 2031
Read MoreSatellite Imaging Market to be Worth $8.6 Billion by 2031
Read MoreIoT Sensors Market to be Worth $71.6 Billion by 2031
Read MoreSmart Airports Market to be Worth $10.16 Billion by 2030
Read MoreEdge Security Market to Be Worth $82.4 Billion by 2031
Read MoreMetaverse Market to be Worth $815.8 Billion by 2030
Read MoreNFC Market to Reach $50.1 Billion by 2030
Read MoreBiosensors Market to be Worth $43.8 Billion by 2030
Read MoreSatellite IoT Market Worth $2.48 Billion by 2031
Read MoreSocial Media Management Market to Reach $109.4 Billion by 2031
Read MoreCloud Managed Services Market Worth $247.5 Billion by 2030
Read MoreSpeech-to-text API Market to be Worth $10 Billion by 2030
Read MoreOnline Gaming Market Worth $431.87 Billion by 2030
Read MoreCybersecurity Services Market Worth $158.4 Billion by 2030
Read MoreAviation MRO Market to be Worth $92.1 Billion by 2031
Read MoreSolid State Radar Market Worth $3.3 Billion by 2030
Read MoreIndustrial Asset Management Market Worth $14.4 Billion by 2029
Read More5G IoT Market Worth $17.68 Billion by 2030
Read MoreTokenization Market Worth $13.23 Billion by 2030
Read MoreSmart Retail Market Worth $91.36 Billion by 2030
Read MoreBusiness Intelligence Market Worth $47.9 Billion by 2029
Read MoreDigital Payment Market Worth $274.61 Billion by 2029
Read MoreMobile Security Market Worth $19.5 Billion by 2029
Read MoreAI Training Dataset Market Worth $9.35 Billion by 2029
Read MorePenetration Testing Market Worth $4.05 Billion by 2029
Read MoreCloud Security Market Worth $83.03 Billion by 2029
Read MoreBlockchain in Retail Market Worth $25.8 Billion by 2029
Read MoreSmart Building Market Worth $152.93 Billion by 2029
Read MoreIoT in Manufacturing Market Worth $233.6 Billion by 2029
Read MoreSmart Factory Market to be Worth $285.7 Billion by 2031
Read MoreSpeech Analytics Market Worth $14.1 Billion by 2029
Read MoreConnected Logistics Market to be Worth $57.75 Billion by 2029
Read MoreSmart Lighting Market Worth $39.91 Billion by 2029
Read MoreSmart Lock Market Worth $5.53 Billion by 2029
Read MorePoint-of-Sale Terminal Market Worth $152.5 Billion by 2029
Read MoreRegTech Market to be Worth $32.6 Billion by 2031
Read MoreEnvironmental Sensor Market Worth $13.53 Billion by 2029
Read MoreSecurity Analytics Market Worth $43.9 Billion by 2029
Read MoreGeospatial Solutions Market Worth $845.7 Billion by 2029
Read MoreMachine Condition Monitoring Market Worth $5.2 Billion by 2029
Read More5G Technology Market Worth $241.5 Billion by 2029
Read MorePackaging Automation Market to be Worth $118.8 Billion by 2031
Read MoreTokenization Market Worth $14.3 Billion by 2029
Read MoreIndustrial Cybersecurity Market Worth $49.53 Billion by 2030
Read MoreIoT in Retail Market Worth $42.6 Billion by 2029
Read MoreBiometric System Market Worth $51.6 Billion by 2029
Read MoreMobile Computer Market Worth $3.3 Billion by 2029
Read MoreVideo Analytics Market Worth $19.3 Billion by 2029
Read MoreRFID Market Worth $32.4 Billion by 2029
Read MoreApplication Security Market Worth $5.5 Billion by 2028
Read MoreNetwork Automation Market Worth $32.4 Billion by 2028
Read MoreSmart Water Management Market to be Worth $69.60 Billion by 2030
Read MoreVideo Conferencing Market Worth $24.4 Billion by 2028
Read MoreSCADA Market to be Worth $18.7 Billion by 2031
Read MoreGeospatial Analytics Market Worth $256 Billion by 2028
Read MoreAI in Manufacturing Market to Reach $84.5 Billion by 2031
Read MoreDigital Signage Market Worth $19.44 billion by 2027
Read MoreGraph Analytics Market Worth $2.03 Billion by 2027
Read MoreSmart Cities Market to be Worth $3,967.7 Billion by 2031
Read MoreAutomotive IoT Market Worth $541.73 billion by 2025
Read MoreDigital Twin Market to Be Worth $183 Billion by 2030
Read MoreFinTech Blockchain Market Worth $36.04 billion by 2028
Read MoreE-commerce Market to be Worth $21,168.6 Billion by 2030
Read MoreBlockchain Technology Market worth $28,248.7 million by 2025
Read MoreParking Management Market to be Worth $12.3 Billion by 2031
Read MoreArtificial Intelligence in Retail Market to Reach $92.7 Billion by 2031
Read MoreAgriculture IoT Market Worth $22.6 billion by 2028
Read MoreMobile Edge Computing (MEC) Market Worth $2.8 billion by 2027
Read More