Location Based VR Market Will See Strong Expansion through 2020-2025 | Top Key Company’s - Huawei, Appentus Tech, BidOn Games Studio, Cortex, Craftars, Google, HTC, Intel, Oculus VR

BusinessIndustryReports has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Location Based VR Market” Research Report 2020 provides an in-depth analysis of the Location Based VR with the forecast of market size and growth. The analysis includes addressable market, market by volume, market share by business type and by segment (external and in-house). The research study examines the Location Based VR on the basis of a number of criteria, such as the product type, application, and its geographical presence.

Global Location Based VR Market Overview:

The Global Location Based VR Market is anticipated to attain substantial growth by the end of the forecast period (2020-2025). The Global Location Based VR Market report explains that this business is predicted to register a noteworthy growth rate over the forecast period.

According to the market research study, Location Based VR lets consumers experience VR at an affordable price as they need not own the required hardware. Location Based VR entertainment offers better entertainment compared to traditional VR. Growing adoption of VR technology is expected to reduce the cost of VR components such as VR headsets and joysticks in the near future. The growing demand, along with the reduction in the cost of displays will lead to a decline in the Average Selling Price (ASP) of VR headsets. Such factors coupled with the affordable pricing of the Location Based VR entertainment will drive the growth of the Location Based VR Market in the near future.

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The Global Location Based VR Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Location Based VR Market is sub-segmented into Hardware, Software and others. On the basis of Application, the Global Location Based VR Market is classified into Entertainment, Training/Simulation, Navigation, Sales, Medical and others.

In terms of the geographic analysis, The Location Based VR Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Location Based VR Market ecosystem results in the increasing adoption of these systems in North America.

Latest Technology Industry News:

Huawei Technologies (may 28, 2020) - Huawei Announces the Next-Gen OceanStor Pacific Series, Setting a New Benchmark for Mass Data Storage - Huawei announced the worldwide launch of the next-generation mass storage system - OceanStor Pacific Series. The series delivers efficient, cost-effective, and reliable services for AI, HPC, videos, and other mass data scenarios by breaking architectural, service, and performance boundaries, and leveraging uncompromised multi-protocol interworking, next-generation elastic EC algorithm, and a series of dedicated hardware. This series marks a new standard for future-oriented mass data storage, helping enterprises fully unleash data power in the intelligent age.

The fourth industrial revolution has made digital production the currency of modern business models. Digital production turns data into opportunities, then these opportunities into services, and finally into profits. With this new production factor, enterprises must find a way of cost-effectively collecting and storing different types of data such as structured data from core services and mass unstructured data from 5G, IoT, and UHD. Enterprises use AI technologies to analyze and process the massive amounts of data to convert data into knowledge and services, improving production efficiency.

Peter Zhou, President of Huawei Data Storage and Intelligent Vision Product Line, said, "Mass data will play an increasingly important role in enterprise digital transformation. Today, only 2% of global data is stored, and only 10% of the data is being mined for further value. Enterprises are facing insufficient capacity, data silos, and complex management when dealing with mass data. Our OceanStor Pacific Series is designed to answer these pain points, setting a new benchmark for efficient, economical, everlasting mass data storage, and helping us become the trusted choice for mass data."

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Top Leading Key in Players Global Location Based VR Market: Appentus Technologies, BidOn Games Studio, Cortex, Craftars, Google, HQSoftware, HTC, Huawei Technologies, Intel Corporation, MOFABLES, NEXT NOW, Oculus VR, ScienceSoft USA Corporation and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

With the presence of a large pool of participants, the Global Location Based VR Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Appentus Technologies, BidOn Games Studio, Cortex, Craftars, Google, HQSoftware, HTC, Huawei Technologies, Intel Corporation, MOFABLES, NEXT NOW, Oculus VR, ScienceSoft USA Corporation are some of the key vendors of Location Based VR across the world. These players across Location Based VR Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

Region segment: Location Based VR Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Location Based VR in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Location Based VR Market Report 2020

1 Location Based VR Product Definition

2 Global Location Based VR Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Location Based VR Shipments

2.2 Global Manufacturer Location Based VR Business Revenue

2.3 Global Location Based VR Market Overview

2.4 COVID-19 Impact on Location Based VR Industry

3 Manufacturer Location Based VR Business Introduction

3.1 Appentus Technologies Location Based VR Business Introduction

3.2 BidOn Games Studio Location Based VR Business Introduction

3.3 Cortex Location Based VR Business Introduction

3.4 Craftars Location Based VR Business Introduction

3.5 Google Location Based VR Business Introduction

3.6 HQSoftware Location Based VR Business Introduction

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