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What's driving the Virtual Reality in Gaming Market Share? Leading Industry Players:Facebook (Oculus), Google Inc,Microsoft Corporation,Sony Corporation, Samsung Electronics Co and Others

04-17-2019 08:37 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Virtual Reality (VR) in Gaming Market

Virtual Reality (VR) in Gaming Market

Virtual Reality (VR) in Gaming Market Forecast | Industry Report 2026 The report classifies the global Virtual Reality (VR) in Gaming Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

The global virtual reality (VR) in gaming market is anticipated to reach USD 48.2 billion by 2026. According to a new study published by Polaris Market Research, the market for VR in gaming is propelled by factors including, increasing disposable income of people worldwide and continuous improvement in existing gaming technologies including, 3D effects, motion tracking, and interactive graphics for drawing users’ attention. With the increase in spending capacity of people, people are demanding for new sources of entertainment and VR games offers a unique way of entertainment.

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The major players operating in the Virtual Reality in Gaming include Microsoft Corporation, Sony Corporation, Electronic Arts, Nintendo Company Ltd., Linden Labs, Samsung Electronics Co. Ltd., Facebook (Oculus), Google, Inc., HTC Corporation, and Tesla Studios among others. Companies including Microsoft, Sony and Nintendo are the major players operating in the market.

The hardware component segment of VR in gaming market held more than 50% of the market share in 2016 and is further expected to lead during the forecast period. The high-cost of hardware components is the major factor for the increasing growth. However, with the increasing demand for these products, the prices are expected to decrease in the near future.

The hardware segment is expected to grow very rapidly, the software segment is anticipated to experience modest growth. Adoption of the virtual reality technology has raised user expectation for enhanced software solutions, hence increasing challenges for developers than before. By Geography, North America region accounted for the largest share for VR gaming in terms of revenue globally in 2017. The growth of North American market is attributed to accessibility of advanced gaming technology as well as acceptance and adoption of VR gaming products including head mounted displays. Further, Europe accounted for the second dominating region in 2017. However, Asia Pacific is projected to witness the highest growth during the forecast period attributed to constantly increasing online gamers in developing countries such as China and India and a strong gamers base in countries such as Japan, Korea, Singapore, Malaysia and Indonesia.

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The players operating in the market are constantly focusing on development of new products to efficiently compete in the highly aggressive market for VR gaming. For instance, Sony launched Project Morpheus VR heads, a head mounted display device that offers high resolution and efficient tracking accuracy.

Virtual Reality in Gaming Market Size and Forecast by Component
Hardware
Software

Virtual Reality in Gaming Market Size and Forecast by Device

Smartphone
Gaming Console
Laptop/Desktop

Virtual Reality in Gaming Market Size and Forecast by Regions

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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