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UAE Business: Industrial XR market to hit $60 billion by 2030: ABI Research

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According to global technology intelligence firm ABI Research, the global industrial XR (extended reality) market will total $60 billion in revenue by 2030, with the bulk of that coming from XR training and similar high-value implementations.

“Alongside other well-known and valuable XR use cases such as remote assistance and workflow coaching, training is becoming the latest focus for enterprises,” said Eric Abbruzzese, research director at ABI Research.

“XR training deployments have shown significant improvements in KPIs such as retention and repeat training, while also improving user experience and content satisfaction. In addition to some up-front content creation requirements, XR training can quickly Deliver value.”

XR training

XR training provides several KPIs that highlight broad value: less training time is required compared to traditional training operations, retention and recall are significantly better than traditional methods, training is more flexible in terms of location and time, and XR training is often less expensive from In the long run, superior to traditional training.

Training is more effective by creating training content that can be customized and tailored to specific needs, and once created, can be infinitely repeated and expanded. This not only saves active training time, but also reduces training revisits. Any time a traditional hands-on training experience can be done with XR, again, there can be significant cost savings and avoid wasted process and product.

Because of familiarity with XR, training in hazardous environments can also be done first in XR, ensuring worker safety and increased confidence in the field.

key operator

Many XR training operators recognize the need for their products in the industrial sector and are expanding into the market. StriVR started in sports training, moved into retail, and is now successfully deployed in industry as well. Much like Pixo, Taqtile, and ARuVR, they expanded into the industrial space after learning about their existing training and learning benefits in other markets. Industry presents some unique challenges, especially when it comes to integration and content optimization, but operators know this and have been building integration and professional services to meet these needs.

“The industrial market is familiar with complex operations and the pitfalls that come with it: downtime costs, expert travel costs, scrap and error rates, and more. By supplementing or replacing existing training methods with XR, these pitfalls can be reduced or completely avoided . While content creation does take time and resources, once a solution is built, its value is undeniable,” concluded Abbruzzese. — trade arab news agency

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