But first, what is extended reality (XR)?
Extended reality is used to describe all immersive experiences enabled by computing technologies that combine physical and virtual environments.
It is an umbrella term that incorporates augmented reality (AR), virtual reality (VR), and mixed reality (MR).
The XR market is expected to grow eight times what it is in 2018, and reaching $209 billion by 2022. This fast-growing trend implies that the revolutionary new reality for the next decade is far beyond our current imagination, and tech companies are accelerating it.