Independent investment research firm Veritas Securities has initiated coverage on XReality Group Limited (ASX:XRG) with a buy recommendation, citing that the company's virtual reality software is well positioned in a competitive market and set to disrupt the US$3.4B simulation training market

Veritas Securities also highlighted the company's other business stream focused on virtual reality in military and law enforcement training. The report says that although there has been a rise in competition in the virtual reality in training space, XReality Group remains to have "developed the most realistic software for participants to meet their training needs. Combines with the slimmest hardware, ability to use in any location and functioning on a secure offline network means Operator should be the most suited provider amongst its peers."

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