The extended reality market size is expected to reach USD 125.2 billion by 2026 from USD 33.0 billion in 2021, at a CAGR of 30.6% during the forecast period.

The market growth can be attributed to several factors, such as surging deployment of extended reality in education sector and industrial training, rising demand for extended reality devices and technology in global automotive industry, surging adoption of extended reality in healthcare sector, and increasing demand for extended reality in entertainment and gaming industry.