According to a report by IDTechEx, the AR, VR, and MR market is expected to reach $30 billion by the end of 2030. With the current COVID-19 restrictions, virtual interaction and communication are expected to be the new normal. Although seen as futuristic by some, AR, VR, and MR devices have proved that they are here to stay and have an important part to play as these are the future technologies.
In the last two decades, there have been major developments in the technological advancement of XR products. During this period, there have been new innovative devices like Google Glass Explorer to Oculus. These new technologies have captured the imagination of various sections of buyers, including gamers, healthcare professions, employers, among others. Oculus released a virtual reality headset, the Quest, that does not need to be attached to a computer, providing a VR headset that does not need to be tied to a computer.
Per the same report from IDTechEx, it is expected that the AR and VR market will also impact various industries and that future innovation and technology disruption will continue within the wearables business.
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