Extended Reality Spreading in Business Field

Its use cases have been spreading in business in recent years, with new applications developed for such areas as simulation, training, learning, and collaboration. This White Paper introduces use cases and technical challenges in XR in these markets.

Exploring the Growth and Applications of Extended Reality (XR)

Extended Reality (XR), a term encompassing technologies like Augmented Reality (AR) and Virtual Reality (VR), has grown far beyond gaming. It’s now transforming various industries, offering innovative applications for simulation, training, learning, and collaboration. This guide dives into XR’s expanding use cases, technical challenges, and its potential in business and industrial environments.

1. XR Market: Rapid Growth on the Horizon
The XR market is booming, with an expected annual growth rate of 20% to 30% through 2028. According to a report from Global Information, Inc., the XR market is projected to grow at a rate of 29.1% annually, reaching a staggering $123.77 billion by 2027.

What’s Driving This Growth?
XR's appeal lies in its unique ability to offer immersive experiences, driving demand across both personal and professional sectors:
Consumer Applications: XR powers interactive gaming, virtual entertainment, navigation systems, virtual travel experiences, and virtual fitting rooms.
Industrial and Business Applications: XR is revolutionizing training, education, simulation, and collaboration. It's also making strides in fields like remote monitoring, maintenance, and repair.

In healthcare, XR is gaining traction for medical training, assisting surgeons in complex procedures, and supporting patient rehabilitation.
This guide focuses on the business and industrial uses of XR, exploring how it’s reshaping industries and overcoming technical challenges to unlock new possibilities.