Extended reality companies are rapidly expanding in the enterprise space. This technology is becoming more sophisticated. The use of this technology in enterprise settings is expected to double and by 2024, there will be 8.2 million devices. This means that the extended reality market is poised for explosive growth.
Extended reality combines the power of the human mind and all senses to create an immersive experience. This technology is reshaping the way we experience the world. The user wears a headset that provides a virtual world experience through all five senses. This allows the user to interact with the virtual environment, hear sounds from all directions, and experience video game sounds first-hand.
Extended reality also helps companies manage a distributed workforce. This technology allows supervisors and managers to provide guidance and context, making it easier to make critical decisions. For example, Lockheed Martin reduced their onboarding time by 60 percent and increased new staff member proficiencies by 70 percent by using the technology. Moreover, extending reality benefits companies by increasing the level of employee satisfaction. Happy employees are more likely to be productive and meet challenges in a positive manner.
The increasing use of smart devices is one factor fueling the need for extended reality. It is also being adopted in the media and entertainment industries. This technology also has applications in retail, such as making it easier for users to test clothing, footwear, makeup, and other wearables. It can even be used by medical professionals.
Extended reality companies are also helping businesses improve their work-from-home culture. By using the technology, employees can see a live office environment and attend meetings from their homes. This is ideal for companies that have remote locations and require remote working teams. In addition to remote working, the extended reality is also a good tool for remote training.
