openPR Logo
Press release

Global Virtual Reality Market is Expected to Reach US$ 40 Billion by 2020

02-06-2017 12:30 PM CET | IT, New Media & Software

Press release from: Orbis Research

Orbis Research

Orbis Research

Virtual Reality (VR) is about to become mainstream and could surpass US$ 40 Billion market by 2020. Virtual reality involves the creation of a virtual world that interacts with consumers. This virtual world is designed in a way that it appears more realistic to the users, while they can’t differentiate between the real and virtual. The technology giants are making huge investments in the virtual reality market landscape, such as Facebook's US$ 2 Billion acquisition of Oculus virtual reality (VR) headset. Samsung through innovation with Oculus VR has also produced virtual reality devices for use, along with its top leading smartphones. The major growth driver of virtual reality market includes growing digitization, advancement of technology, increasing demand for head mounted displays in gaming and entertainment industries, and rising investment in virtual reality market among others.

However, high cost of devices and lack of technical expertise are the factors among others which are hindering the growth of Virtual Reality Market.

Browse the report: http://www.orbisresearch.com/reports/index/global-virtual-reality-market-hardware-and-software-and-forecast-to-2020

Key Highlights of the Report:
The VR hardware component accounted for maximum share of the market in 2016.

The virtual reality market for software components is expected to grow at the highest rate during the forecasting period.

The head-mounted display (HMD) captures maximum share of the virtual reality hardware market.

The video games application captured largest share of the virtual reality software market.

The live events application is predicted to capture xx% share of the virtual reality software market by 2020.

During 2016, the PC segment accounted for the largest revenue share of the global VR content market.

Mobile devices platform is likely to capture xx% share of the virtual reality market by 2020.

The big giants like Sony, Facebook, Google, and Samsung dominate virtual reality, with over 50% market share in 2016.

Microsoft ranks as one of the lowest, with a xx% market share, but this is likely to change in the coming years.

Samsung's Gear VR is the biggest product in the smartphone-based VR market today.

Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/193149

iGATE RESEARCH report titled “Global Virtual Reality Market (Hardware and Software) and Forecast to 2020” provides a comprehensive assessment of the fast-evolving, high-growth Virtual Reality Market. This 124 Page report with 41 Figures and 8 Tables has been analyzed from 11 viewpoints:
1. Global Virtual Reality Market and Forecast (2014 - 2020)
2. Global Virtual Reality Market and Forecast - By Component (2014 - 2020)
3. Global Virtual Reality Hardware Market and Forecast - By Segment (2014 - 2020)
4. Global Virtual Reality Software Market and Forecast -By Application (2016 - 2020)
5. Global Virtual Reality Market - Key Company Share (2016)
6. Global Virtual Reality Sales Volume - Key Company Sales (2016)
7. Global Virtual Reality Market and Forecast - By Platform (2016 - 2020)
8. Global Virtual Reality Mergers and Acquisitions
9. Recent Involvement in Virtual Reality by Technology Giants
10. Global Virtual Reality Market - Key Company Profile
11. Global Virtual Reality Market - Growth Drivers and Challenges

Global Virtual Reality Market and Forecast - By Component
Hardware
Software

Global Virtual Reality Hardware Market and Forecast - By Segment
Head Mounted Display (HMD)
Input System

Global Virtual Reality Software Market and Forecast - By Application
1. Video Games
2. Video Entertainment
3. Live Events
4. Wellness
5. Tourism
6. Social
7. Healthcare
8. Engineering
9. Real Estate
10. Education
11. Retail
12. Others

Buy the report@http://www.orbisresearch.com/contact/purchase/193149

Global Virtual Reality Market and Forecast - By Platform
1. Mobile
2. Console
3. PC

Global Virtual Reality Market - Key Company Profile
1. Sony
2. Microsoft
3. Facebook
4. HTC
5. Google
6. Samsung Electronics
7. GoPro

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Information:

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Email: sales@orbisresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Virtual Reality Market is Expected to Reach US$ 40 Billion by 2020 here

News-ID: 429110 • Views:

More Releases from Orbis Research

Blood Purification Devices Market 2023-2028 | Top Players Baxter International, Cerus Corporation, Cytosorbents Corporation, Nikkiso Co.Ltd, Asahi Kasei Corporation, Aethlon Medical, Haemonetics, Jafron, B. Braun, Fresenius
Blood Purification Devices Market 2023-2028 | Top Players Baxter International, …
Based on the type segment, the portable equipment segment is expected to hold the largest share in Blood Purification Devices in the year 2028. Professionals that are actively involved in the ongoing purification of blood tend to favour portable equipment. Equipment that is portable enables effective emergency care. Additionally, portable equipment is rather space-efficient and compact, which promotes widespread use throughout the blood-purification process. In a manner similar to how
Clean Beauty Market to Grow at 40.1% CAGR by 2028 - Key Players are Bare Minerals, The Honest Company, Fenty Beauty, Aveda Corporation, Westman Atelier, Victoria Beckham Beauty, Kora Organics, Saie, and True Botanicals
Clean Beauty Market to Grow at 40.1% CAGR by 2028 - Key Players are Bare Mineral …
Clean beauty is described as beauty and personal care products that are made with the safest possible ingredients and have the lowest possible environmental impacts. Clean beauty pertains to products that are safe, non-toxic, and clearly labelled ingredients Also, the ingredients used are cruelty-free and are screened for non-GMO feedstock and residual pesticides. Request a pdf brochure @ https://www.orbisresearch.com/contacts/request-sample/6941781 The Clean Beauty Market is valued at USD 5163.17 Million in 2021 and
Outdoor Power Equipment Market Worth USD 6.49 Bn by 2027 - Industry Trends and S …
The outdoor power equipment generally includes, brush cutters, edger, chain saws, power rakes, and more. Outdoor power equipment is commonly used by end users, such as lawn & plant care providers and landscape service providers, for commercial purposes. The global outdoor power equipment market in 2021 was valued at US$32.22 billion. The market value is projected to reach US$46.49 billion by 2027. Outdoor power equipment (OPE) is an equipment with small
Merchant API Market to reach US$119.11 billion by 2027 - Industry Trends, Growth Drivers, Key Companies and Future Opprtunities
Merchant API Market to reach US$119.11 billion by 2027 - Industry Trends, Growth …
The latest research on "Global Merchant API Market: Analysis By Molecular Type, By Segment, By Type, By Type of Synthesis, By End-User, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2027" have been added to OrbisResearch.com store. The merchant API market refers to the use of APIs by merchants, or businesses that sell goods and services, to connect their systems and processes with those of other

All 5 Releases


More Releases for Virtual

A Virtual Globe: stunning virtual events platform for every business .
Ultimately, the world as we know it has changed. Whether we accept it or not, the reality is that the way we work, regardless of your profession, has already shifted to a digital presence and is only a matter of time before this becomes the new norm. A Virtual Globe has launched its stunning virtual events platform that includes some really cool features such as Hybrid Mixed Reality and bespoke
Virtual Schools Market 2019 Analysis By Connections Education K12 Inc Mosaica Ed …
With the slowdown in world economic growth, the Virtual Schools industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Virtual Schools market size to maintain the average annual growth rate of X% from XXXX million $ in 2014 to XXXX million $ in 2017, BisReport analysts believe that in the next few years, Virtual Schools market size will be further expanded,
Alliance For Virtual Businesses Launches Virtual Assistants Chapter In Australia
On Friday 20 May 2011, International Virtual Assistants Day, Sharon Williams, founder of the Alliance for Virtual Businesses (A4VB) located in the USA, announced the opening of its Australian Chapter, A4VBAU. On Friday, 20 May 2011, Virtual Assistants from around the globe celebrated International Virtual Assistants Day, the annual day of recognition of the VA industry. During the celebration, Sharon Williams, founder of The Alliance for Virtual Businesses (A4VB), a US-based
Virtual Internet launches “On-Demand” Virtual Data Centers
LONDON, England Feb. 21, 2011 | Virtual Internet – Virtual Internet has announced a new cloud package called Virtual Data Centers which allow IT managers to virtualize their infrastructure “on-demand” via the Internet. The new self-service package allows managers to slice and dice a minimum of 10GB (or more) of physical disk space and/or physical memory into multiple configurations at will. Incorporating the best features of a private cloud and Infrastructure-as-a-Service (IaaS),
Caribbean Association Of Virtual Assistants Open Virtual Assistant Directory To …
CAVA Seeks Outside Assistance In Order To Meet Increased Demands For Virtual Assistants The Caribbean Association Of Virtual Assistants, the Caribbean’s leading association for virtual assistants is set to accept listings from virtual assistants the world over. The industry is still fairly new in the Caribbean and due to ever-increasing demands for the services provided by members of the association, the directors have made the decision to seek outside assistance. Virtual assistants
Virtual Assistants Become a Little Less Virtual
Toronto, Canada … North American Virtual Assistants and particularly Canadian VA’s have never before had the opportunity to meet and exchange views in this kind of forum and on Canadian soil. Barb Lang, a Toronto based Virtual Assistant specializing in Event Planning, saw a need for new and seasoned VA’s to meet in person in order to exchange ideas and business expertise in a mastermind / workshop type event.