Virtual Reality Content Creation Market World's Top Players Include 360 Labs, Blippar, Koncept VR, Matterport, Panedia Pty Ltd., SubVRsive, Vizor, Voxelus, WeMakeVR and Wevr

The Virtual Reality Content Creation market was valued at US$ 240.9 million in 2016 and is projected to reach US$ 39.5 billion by 2025, according to a market research report.The Virtual Reality Content Creation Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released. The study covers market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.

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Virtual reality creates a digital environment to provide real lifelike experience to the user. Healthcare segment holds a huge opportunity for the growth of virtual reality content creation market. Increasing application of virtual reality technology in healthcare segment have reduced the R&D and training cost, which uplifted the demand for virtual reality content in this segment. Visualization (virtual endoscopy, colonoscopy), computer assisted surgery (training, planning, rehearsal, and delivery), therapy, and telemedicine education (teaching, training etc) are some of the key applications of virtual reality technology in healthcare segment.

Increasing adoption of virtual reality technology by media and entertainment segment have boosted the growth of the virtual reality content creation market globally.The online customer retention has become one of the major challenge for media and entertainment industries. The implementation of virtual reality technology increases the retention of viewers for the online channels. Gaming segment held the dominant position in virtual reality content creation market, in 2016 and is projected to retain its dominance throughout the forecast period, owing to increasing advancement of technology in VR headsets such as HTC Vive and PlayStation VR.

The North America region held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving the growth of virtual reality content creation market in this region. High adoption of novel technology such as virtual reality and prevalent of video gaming culture in the region especially in the U.S. have driven the growth of virtual reality content creation market.

Some of the major companies in the global virtual reality content creation market include 360 Labs, Blippar, Koncept VR, Matterport, Panedia Pty Ltd., SubVRsive, Vizor, Voxelus, WeMakeVR, and Wevr

Detail Virtual Reality Content Creation Market Segmentation:

Global Virtual Reality Content Creation Market, By Content Type:
-Videos
-360 Degree Photos
-Games

Global Virtual Reality Content Creation Market, By Component:
-Software
-Services

Global Virtual Reality Content Creation Market, By Application:
-Gaming and Entertainment
-Engineering
-Healthcare
-Real state
-Retail
-Military
-Education

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This release was published on openPR.