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Virtual Reality Devices Global Market Size, Growth, Share, Trends Analysis And Forecast 2023-2032
Virtual Reality Devices Market Report
The Business Research Company's Virtual Reality Devices Global Market Report 2023 identifies rising demand for virtual reality devices as the major driver for the virtual reality devices market's growth in the forecast period. Virtual Reality provides an effective and safe training environment for the employees in an organization. Traditional training method fail to recreate real time crisis scenarios while VR trainings create the real time crisis scenarios which helps a person to respond in a similar way to that of real time situations, thus providing effective and safe training to staff. It has resulted in fewer mistakes and better information recall than traditional trainings.
The global virtual reality devices market size will grow from $10.15 billion in 2022 to $10.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global virtual reality devices is expected to grow to $14.19 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the virtual reality devices market are Google, Sony Corporation, Samsung Electronics Co. Ltd., Oculus VR LLC., Marxent Labs.
A key trend in the virtual reality devices market includes Integration of 5K stereoscopic video in VR devices. 5k stereoscopic video is a 5k-resolution video technology which replaces the previous 360 video low resolution technology used in VR headsets. This 5K stereoscopic video would provide a complete and detailed VR immersion experience for the viewers.
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The virtual reality devices market is segmented -
•By Type: Hand Held Devices, Head Mounted Devices, Gesture Controlled Devices, Other Types
•By Application: Medical & Healthcare, Commercial, Education, Advertsiing & Marketing, Commerce, Energy & Utilities, Entertainment & Gaming, Designing & Engineering, Logistics, Other Applications
•By Technology: Semi & Fully Immersive, Non-immersive
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the virtual reality devices market.
The Business Research Company's "Global Virtual Reality Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Virtual Reality Devices Market Include:
1. Executive Summary
2. Virtual Reality Devices Market Characteristics
3. Virtual Reality Devices Market Trends And Strategies
4. Virtual Reality Devices Market - Macro Economic Scenario
5. Virtual Reality Devices Market Size And Growth
……
26. Africa Virtual Reality Devices Market
27. Virtual Reality Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Reality Devices Market
29. Virtual Reality Devices Market Future Outlook and Potential Analysis
30. Appendix
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