Press release
Virtual Reality Market to Perceive Heightened Growth at US$ 40 Billion | Global Foremost Players as Sony, Microsoft, Facebook, HTC, Google
Virtual Reality Market
Global Virtual Reality Solutions Market Overview:
According to Market Analyst, Virtual Reality (VR) is about to become mainstream and could surpass US$ 40 Billion market by 2020.
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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.
Global Virtual Reality Market is segmented on the basis of Component, Application, End User, By platform and Region.
On the Basis of Component, The Virtual Reality Market has been segmented into Hardware, Software .The virtual reality market for software components is expected to grow at the highest rate during the forecasting period.
On the Basis of Application, The Virtual Reality market is segmented into Video Games, Video Entertainment, Live Events, Wellness, Tourism, Social, Healthcare. The video games application captured largest share of the virtual reality software market.
On the Basis of Platform Segment, The Virtual Reality market is segmented into Mobile, Console, PC. The PC segment accounted for the largest revenue share of the global VR content market.
Regionally, North America is expected to hold the largest share of the virtual reality market. Virtual reality has been rapidly adopted in this region, owing to the extensive R&D and presence of several VR companies in this region.
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Market Players of Global Virtual Reality Market:
1 Sony
2 Microsoft
3 Facebook
4 HTC
5 Google
6 Samsung Electronics
7 GoPro
The Market is segmented and projected on the basis of major Region Segmentation
1 North America
2 Europe
3 APAC
4 Rest of the World
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Key Questions Answered in this Report:
1 What will the market size be in 2020?
2 What are the key factors driving the Virtual Reality Market?
3 What are the challenges to market growth?
4 Who are the key players in the Virtual Reality Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Executive Summary
2 Global Virtual Reality Market and Forecast (2014 - 2020)
3 Global Virtual Reality Market Share and Forecast
4 Global Virtual Reality Market - Key Company Share (2016)
5 Global Virtual Reality Sales Volume - Key Company Sales (2016)
6 Global Virtual Reality Hardware Market and Forecast
7 Global Virtual Reality Software Market and Forecast - By Application (2016 - 2020)
8 Global Virtual Reality Market and Forecast - By Platform (2016 - 2020)
9 Global Virtual Reality Mergers and Acquisitions
10 Recent Involvement in Virtual Reality by Technology Giants
11 Global Virtual Reality Market - Key Company Profile
12 Global Virtual Reality Market - Growth Drivers
13 Global Virtual Reality Market - Challenges
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