Virtual Reality Content Creation Market Exhibiting a CAGR of 86% and Forecast to 2026 | Size | Share | Trends | Analysis by Companies 360 Labs, Blippar, Koncept VR, Matterport, Panedia Pty Ltd., SubVRsive
Global 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, exhibiting a CAGR of 86% over the forecast period, according to a market research report Virtual Reality Content Creation Market by Content Type (Videos, 360 Degree Photos and Games), by Component (Software and Services), by End Users (Gaming and Entertainment, Engineering, Healthcare, Real state, Retail, Military and Education) and Geography-Global Forecast to 2025
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The Virtual Reality Content Creation market research report displays the latest industry insights with future trends and analysis of the products and services, enabling you to deeply penetrate the market with high profitability. It also makes you aware of the leading competitors influencing the Virtual Reality Content Creation market along with the key factors to help you sustain your products or services with better forecast of demand and growth opportunities.
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. For instance, Psious a U.S.-based company that provides virtual reality treatment for therapist. Virtually Better provides virtual reality therapy for phobias, depression, and anxiety. Firsthand Technology provides relief from the chronic pain. According to Firsthand Technology, narcotics reduces the pain sensation by 10% while hand virtual reality reduces 48%. This in turn accelerates the growth of healthcare segment in global virtual reality content creation market.
By Top manufacturers/players:
360 Labs, Blippar, Koncept VR, Matterport, Panedia Pty Ltd., SubVRsive, Vizor, Voxelus., WeMakeVR, and Wevr
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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