The global market for Mixed Reality market is expected to grow over the CAGR of around ~27% during the period 2016 to 2022 and expected to grow at market size of USD ~212 million in 2022.
The global Mixed Reality market has been evaluated as growing market and expected that the market will touch high growth figures in upcoming years.
Microsoft Corporation has brought a new mixed reality device named “HoloLens”, a hologram technology to provide 3D digital content to the physical world. The two technologies virtual reality (VR) and augmented reality (AR) bring simulation and visualization to the digital world. Microsoft has also announced that it will bring mixed reality technology to PC in upcoming years. Other industries such as HTC Corporation, Sony, and Google among others are building new 3D environment to the consumer world.
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Taste the market data and market information presented through more than 40 market data tables and figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Mixed Reality Market Research Report -Forecast to 2022.
Mixed Reality Market:
The Mixed Reality can be segmented by component, by product and by applications. By components, hardware and software are used to produce technically advanced mixed reality headsets. Various application sectors such as manufacturing, education, IT, automotive, military, gaming & entertainment, medical, and architecture among others are showing fruitful opportunities for the MR market.
The major participants of Mixed Reality Market Size are Intel Corporation (U.S.), Seiko Epson Corporation (Japan), Microsoft Corporation (U.S.), Accenture PLC (U.S.), Google, Inc. (U.S.), Sony corporation (Japan), Samsung (South Korea), Facebook, Inc. (U.S.), Magic leap, Inc. (U.S.) and HTC Corporation (Taiwan) among others.
Market Research Analysis:
At present, the mixed reality combines virtual reality and augmented reality technology to bring advanced and interactive and real visualization into gaming industry. Its 3D immersive technology is influencing other industrial sectors such as healthcare, military or manufacturing to utilize this technology for improving their operations. The growing smartphone technology is also fuelling the market growth of mixed reality as user can connect their mobile media, games or apps with the MR devices.
However, weak graphics, high cost of components and lack of technical expertise is the current challenges which are hampering the market growth.
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