Published Date: 30-Jun-2023
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According to a new report, published by KBV research, The Global Immersive Analytics Market size is expected to reach $13.2 billion by 2030, rising at a market growth of 47.5% CAGR during the forecast period.
The Hardware segment is generating the highest revenue share in the Global Immersive Analytics Market by Offering in 2022, achieving a market value of $6.3 billion by 2030. High-quality display hardware, including holographic displays, augmented reality (AR), and virtual reality (VR) head-mounted displays (HMDs), is now widely accessible because of recent technological advancements. These devices offer affordances that are different from those of a typical desktop environment, such as physical immersion, the field of view/regard, stereoscopic 3D (S3D), user tracking, multi-modal interaction, and hand-held controllers in general.
The Automotive & Transportation segment has shown the growth rate of 48.2% during (2023 - 2030). Worker safety can be improved by using AR/VR-based apps that help them understand their immediate surroundings and workplace layout. As a result, they will be able to work more efficiently and finish projects faster. AR/VR-based modules can replicate risky circumstances and instruct employees to take the proper precautions for their safety during the entire working day.
The North America market dominated the Global Immersive Analytics Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.1 billion by 2030. The Europe market is showcasing a CAGR of 47.3% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 49% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, IBM Corporation, Accenture PLC, Google LLC (Alphabet Inc.), SAP SE, Meta Platforms, Inc., HTC Corporation, HP, Inc., Tibco Software, Inc. (Vista Equity Partners), and Magic Leap, Inc.
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