COVID-19 Impact Likely to Push Adoption of XR Collaboration Tools, Says ABI

Augmented- and virtual-reality collaboration tools, known collectively as extended reality (XR), will exceed $400 million by 2025, up from less than $12 million last year, said ABI Research Wednesday. Heightened demand during COVID-19 is expected to accelerate adoption of XR and increase growth of established markets such as videoconferencing hardware, seen approaching $4 billion by 2025, up from $2.4 billion in 2019. The communications market “was already shifting to support a wider breadth of devices, services, and environments and the pandemic has accelerated these trends,” said analyst Michael Inouye.