Press release
Virtual Reality (VR) Market Industry Trends, Future Demands, Growth Factors, Emerging Technologies
Virtual reality device shipments globally are expected to register a CAGR of 33.10% during the forecast period (2022 - 2027).Virtual reality, sometimes also called "immersive reality," has been associated only with the gaming industry for quite a long period of time. Well, the gaming side is cool, while VR helps players to fully immerse into an exciting computer-generated world. But today, I see this emerging technology is about to change this popular notion. It is fascinating to see how virtual, as well as augmented reality, is taking on new markets and how major industries see their share of transformation because of VR.
Here are our insights into VR market statistics and what industries have already started to take advantage of Virtual Reality, where the VR market is now, where it is going, and the experts' prediction for VR growth in the upcoming years.The development of VR hardware and software that overcomes the limitations of the technology, such as low-resolution VR-enabled devices that produce virtual sickness, will be crucial to the future of virtual reality gaming. The industry for creating new game content, software, and hardware is seeing an increase in investment from investors and virtual reality startups. The development of the virtual reality market is further aided by trends in the industry, such as the increased need for instructional training in hazardous workplace settings, theme parks, gaming arcades, and virtual simulators.
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Global Virtual Reality (VR) Market: Major Players
Microsoft Corporation
EON Reality Inc.
Samsung Electronics Co., Ltd
Sixense Entertainment, Inc
Virtalis Limited
Marxent Labs LLC
Sony Corporation
Vuzix Corporation
Sensics, Inc.
CyberGlove Systems Inc
Google Inc.
Oculus VR
HTC Corporation
Leap Motion Inc.
Cyberith GmbH
Jaunt, Inc.
WorldViz
Global Virtual Reality (VR) Market: By Types
Hardware
Software
Global Virtual Reality (VR) Market: By Applications
Aerospace & Defense
Commercial
Education
Entertainment
Research
Healthcare
Others
Global Virtual Reality (VR) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Virtual Reality (VR) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
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