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Virtual Reality in Gaming Market - Benefits from Rapid Influx of Technologically Advanced Products

08-07-2018 12:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
For achieving recognition and consumers in the highly competitive market, companies need to put more emphasis on innovative marketing strategies and R&D activities aimed at the development of new product varieties. Focus on emerging regional markets with rising disposable incomes and improved networking infrastructures could also allow companies to gain a better footing in the market.

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According to the report, the global virtual reality in gaming market is expected to exhibit an exponential CAGR of 39.2% CAGR over the period between 2013 and 2019, rising to a revenue opportunity of US$5.83 bn in 2019.

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Of the key components of a typical virtual reality product made for gaming applications, the software segment presently accounts for the larger share as compared to the hardware segment. The trend continues to remain strong and the software is expected to retain its position as the leading contributor to the global market over the forecast period as well.

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Some of the key factors working in favor of the global market for virtual reality in gaming market are the vast advancements in technologies surrounding imaging, networking, and the increased availability of smart devices incorporated with a variety of sensors designed specifically for gaming applications.

The market is also driven due to the vast rise in disposable incomes of people across emerging economies in the past few years. This scenario has led to a vast rise in target consumers for companies operating in the virtual reality in gaming market.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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