Extended Reality to Create Thousands of Jobs by 2025: EU Commission

Introduction

The European Commission has forecasted that extended reality (XR) technologies will generate thousands of job opportunities by 2025. XR refers to the combination of real and virtual worlds through augmented reality (AR) and virtual reality (VR).

XR Industry Growth

The XR industry is expected to grow rapidly in the coming years, as it has been adopted in various sectors, such as healthcare, education, retail, and entertainment. The European Commission predicts that by 2025, the XR market will reach ?80 billion, with over 480,000 people employed in the industry.

Job Opportunities

The adoption of XR technologies is expected to create numerous job opportunities across Europe. The EU Commission expects the demand for XR professionals to increase significantly, with jobs ranging from developers, designers, and content creators to project managers and marketers.

Supporting XR Development

To support the growth of the XR industry, the EU Commission has launched the “European Digital Strategy” and the “Digital Europe Programme.” These initiatives aim to promote the development of new technologies, including XR, and help European businesses remain competitive in the global market.

Related:CBOE and Coinbase Enter Bitcoin ETF Surveillance Agreements

Conclusion

The XR industry is expected to create a significant number of job opportunities in the coming years, contributing to the growth of the European economy. The EU Commission’s initiatives to support the development of XR technologies will help businesses in Europe remain competitive and innovative.

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