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"Extended Reality (XR) Spreading in Business Field"

See how Extended Reality has surpassed entertainment and moves into business applications.

The markets of Augmented Reality (AR) and Virtual Reality (VR) have been expanding. Many research reports predict that the market of XR, a term used to collectively refer to AR, VR, and other related technologies, will continue to grow at an annual rate of 20% to 30% until around 2028.

For example, Global Information, Inc. projects that the XR market will achieve an annual growth rate of 29.1% and be worth 123.77 billion U.S. dollars in 2027, in its Extended Reality Global Market Report 2023 released on August 28, 2023*

These high growth rates are spurred by the emerging applications and services that only XR can support. The consumer and personal uses of XR include immersive games and entertainment contents, navigation systems to give directions, provision of images of travel and other services, and virtual trial fitting. For industrial and business uses, XR can be applied to training, learning, simulation, remote monitoring, maintenance, repair, and more. Particularly in the medical field, XR is coming into wider use to assist physicians in medical examinations, surgical procedures, and rehabilitation, among others. This document focuses on industrial and business uses of XR.

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