Press release
2021 Social VR Market New Trends with Technology Forecasts by 2027 - Bigscreen, Inc., VRChat Inc., HTC Corporation, Facebook Technologies, LLC, Google
The Insight Partners
Social VR Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Component (Hardware, Software/Application, Services); End-user (Commercial, Residential, Government) and Geography
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The social VR system allows the participant to choose their virtual characters for participating in virtual social meeting events. The social VR is a next-generation social platform to enhance the meeting experience for users and companies. Social media users or participants appear as virtual characters or Avatars in virtual environments to attend organized social events, virtual parties, and virtual team meetings. Adoption of video conferencing and online meeting platforms is increasing among enterprises to reduce the travel time of employees and expenses on commercial meetings. Demand for social VR systems is increasing among social media platform companies to provide advanced platforms to interact with others in a virtual environment as they interact in real life.
The "Global Social VR Market Analysis to 2027" is a specialized and in-depth study of the social VR market with a special focus on the global market trend analysis. The report aims to provide an overview of social VR market with detailed market segmentation by component, end user. The global social VR market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading social VR market player and offers key trends and opportunities in the social VR market.
The global social VR market is segmented on the basis of component, end user. On the basis of component, market is segmented as hardware, software/application, services. On the basis of end user, market is segmented as commercial, residential, government
The report analyzes factors affecting social VR market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the social VR market in these regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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