EMERGING TRENDS IN COMPUTING
INTERNET OF THINGS IOT
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Detailed explanation-1: -The Global Extended Reality Market size is expected to reach $161.6 billion by 2028, rising at a market growth of 29.7% CAGR during the forecast period. Extended reality or XR is a term to refer to Virtual reality (VR) and augmented reality (AR).
Detailed explanation-2: -The market size of AR and VR is forecast to hit $296.9 billion in 2024 (Statista, 2021). From 2021 to 2028, the compound annual growth rate of the virtual reality market is 18 percent (Grand View Research, 2021).
Detailed explanation-3: -By 2025 the distinctions between AR and VR will be insignificant; the devices will converge and be multifunctional. Their vast capabilities to blend natural and synthetic vision will cause us to rethink everything-from the social norms of human interaction to how private and public spaces are designed and navigated.