Mixed Reality Market 2017-2021

Overview of the global mixed reality market

Technavio’s market research analyst predicts that the global mixed reality market will grow steadily during the next four years and post an impressive CAGR of more than 75% during the forecast period. The rising interest of developers towards mixed reality applications will be one of the primary drivers for market growth. The developers have a vital role to play in creating mixed reality applications and computing giants such as Microsoft have already requested developer communities to create content for its Microsoft HoloLens, an augmented reality headset, for free. Due to the increased sales of mixed reality technologies in the enterprise market, the profitability of the market will demand more developers to develop more content. With the rising demand for mixed reality content, this rising involvement of developers towards the development of mobile reality content will significantly fuel the growth of the global mixed reality market.

In terms of geographic regions, North America dominated the global mixed reality market during 2016 and the region will continue its market dominance during the forecast period as well. The rising applications in the aerospace and defense and other manufacturing industries is one of the key drivers for the market’s growth in this region. Also, the increase in the adoption of mixed reality technology in the healthcare and gaming sectors will also augment the market’s growth prospects in North America. 

Competitive analysis and key vendors