Statistics demonstrate that the market share of augmented and virtual reality is suspected of surging by 2022 – it will scale eightfold as corresponded to 2018, amounting to $209 billion. At the same time, extended reality (XR), the new family member to virtual reality (VR), augmented reality (AR) and mixed reality (MR) is also gaining steam & driving various processes and events.
Let us figure out what exactly XR is, what its core abilities are, and what market value it has.
The Genesis of Extended Reality
XR encompasses virtual reality, augmented reality, and mixed reality, and the reason why XR has emerged is their (AR, VR & MR) proliferation and convergence. So in order to get a thorough understanding of this platform that fuses above-stated terms, we have to discuss them separately.