openPR Logo
Press release

Virtual Reality Market Set to Reach USD 143.86 billion by 2029, Driven by CAGR of 30.86% | Data Bridge Market Research

Virtual Reality Market Set to Reach USD 143.86 billion by 2029,

A trustworthy Virtual Reality Market research report provides a thorough analysis of the market, including several facets such as product description, market segmentation according to different criteria, and the current vendor landscape. When examining the company profiles, factors including the product portfolio, recent advancements, geographic reach, and corporate synopsis are taken into account. It provides important metrics, manufacturing status, and serves as a major source of guidance for companies and organizations. Significant data, current market trends, market conditions, technological innovation, next-generation technologies, and the advancement of technology in the associated industry are also included in the Virtual Reality Market study.

Explore Further Details about This Research Virtual Reality Market Report https://www.databridgemarketresearch.com/reports/global-virtual-reality-market

The fast-growing phenomenon of virtual shopping is generating business opportunities for firms in the virtual and augmented reality industries. People can shop for things and see how they appear in their homes with the use of AR systems. Manufacturers in the virtual and augmented reality space must, however, take into account trade and travel limitations in nations like Canada, India, Germany, and Brazil that have been affected by the third wave of the coronavirus.

Global virtual reality market was valued at USD 16.73 billion in 2021 and is expected to reach USD 143.86 billion by 2029, registering a CAGR of 30.86% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

The term "virtual reality" refers to a technique that uses computers to generate a simulated environment. Virtual reality simulates a variety of sensations, including vision, touch, hearing, and even smell, to provide the viewer a fully immersive 3D experience. Realistic audio and graphics are provided via virtual reality to enhance the experience.   

Some of the major players operating in the virtual reality market are

Axis Communications AB (Sweden)
Johnson Controls (Ireland)
Sony Corporation (Japan)
Avigilon Corporation (Canada)
Panasonic Corporation (Japan)
SAMSUNG (U.S.)
Arcules, Inc. (U.S.)
Google, LLC (U.S.)
Microsoft (U.S.)
HTC Corporation (Taiwan)
Oculus (U.S.)
EON Reality. (U.S.)
Vuzix (U.S.)
CyberGlove Systems Inc. (U.S.)
Ultraleap, Inc. (U.S.)
Sixense Enterprises Inc (U.S.)

Drivers

Adoption of advanced technologies  

According to 2020 data from a national survey, 90% of instructors concur that using AR/VR technology to create tailored and differentiating experiences for students is a viable strategy. The market prognosis for virtual classrooms is also projected to change as a result of the increasing use of AR and VR technology in corporate learning and development. This will bolster the market growth rate.

Opportunities presented by head mount displays in APAC region  

The gaming and entertainment industries have seen significant adoption of HMDs. With the advent of VR and 3D technology, the gaming business has undergone technical development. The usage of HMDs has improved the user experience and elevated gaming to a new level by enabling a fully immersive environment. The seamless transition made possible by the usage of VR HMDs has given users a special, improved experience.

Furthermore, the factors such as rising urbanization, industrialization and mounting awareness regarding the importance of education in the backward regions are some other important market drivers. Additionally, growing support by the government on the promotion of the technology and solutions and increasing per capita income are anticipated to drive the growth rate of the market.

Opportunities

Growth and expansion

Growth and expansion of education industry especially in the developing economies will present very many opportunities for the growth of the market. Additionally, the increasing trend of digitalization further offers numerous growth opportunities within the market. Rising number of end users on daily basis, both at large and small scale and complete digitization of operations will also work in favor of the market.

Virtual Reality Market Scope

The virtual reality market is segmented on the basis of component, device type, technology and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Hardware
Sensors
Semiconductor Components
Displays and Projectors
Position Trackers
Cameras
Others
Computer/video generator
Combiner
Software
Software Development Kits
Cloud-Based Services
VR Content Creation

Device Type

Head-Mounted Displays
Projectors & Display Walls
Gesture-Tracking Devices

Technology

Fully Immersive
Non-Immersive
Semi Immersive

Vertical

Entertainment & Media
Healthcare
Surgery
Patient Care Management
Fitness Management
Pharmacy Management
Medical Training and Education
Industrial
Commercial
Retail and Ecommerce
Education and Training
Travel and Tourism
Advertising
Aerospace & Defense
Automotive
Education
Others
Real estate
Geospatial mining

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Virtual Reality Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

Browse Related Reports:

https://marketsnewsupdate.blogspot.com/2024/02/market-industry-trends-growth-analysis.html

https://marketsnewsupdate.blogspot.com/2024/02/automation-control-components-and.html

https://marketsnewsupdate.blogspot.com/2024/02/membrane-filtration-market-industry.html

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Virtual Reality Market Set to Reach USD 143.86 billion by 2029, Driven by CAGR of 30.86% | Data Bridge Market Research here

News-ID: 3389106 • Views:

More Releases from Data Bridge Market Research

Unveiling the Power: Radio Frequency Identification (RFID) Middleware in Modern Operations
Unveiling the Power: Radio Frequency Identification (RFID) Middleware in Modern …
Data Bridge Market Research analyses that the radio frequency identification (RFID) middleware market will exhibit a CAGR of 10.15% for the forecast period of 2022-2022 and is expected to reach the market value of USD 5.03 billion by 2029. Radio Frequency Identification (RFID) refers to a wireless system comprised of two components tags and readers. The reader is a device that has one or more antennas that emit radio waves and
Streamlining Service: Innovations in Hospitality Management Software
Streamlining Service: Innovations in Hospitality Management Software
The hospitality management software market is expected to witness market growth at a rate of 8.37% in the forecast period of 2022 to 2029. Data Bridge Market Research report on hospitality management software market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the adoption of the cloud-based hotel management software is
SCARA Robot Market to Observe Highest Growth of USD 28,345.20 billion with an Excellent CAGR of 27.10% by 2028
SCARA Robot Market to Observe Highest Growth of USD 28,345.20 billion with an Ex …
Global Scara Robot Market study by Data Bridge Market Research provides details about the market dynamics affecting the Scara Robot market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. A number of estimations and calculations have been included in the first class Scara Robot market report by assuming definite base year and the historic year. The
Ammonium Sulfate Market to Observe Prominent CAGR of 3.85% by 2028, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook
Ammonium Sulfate Market to Observe Prominent CAGR of 3.85% by 2028, Size, Share, …
Data Bridge Market research has recently issued comprehensive industry research on Global Ammonium Sulfate Market which includes growth analysis, regional marketing, challenges, opportunities, and drivers analysed in the report. The market insights gained through this Ammonium Sulfate market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. An analysis of competitors is conducted very well

All 5 Releases


More Releases for Real

Nine Way Real Estate enters Dubai real estate market
Dubai’s real estate sector has just reached in June 2021 a record of sale transactions, the highest in value in eight years*, proof of the vitality and attractiveness of the property market in the Emirate. Is this post-lockdown vitality of the real estate industry the sign Monica Garcia Ricardo, an accomplished and award-winning agent, was waiting for to open Nine Way Real Estate, a boutique size brokerage, built on
Worldwide Real Estate Market Growing Steadily | Sotheby's International Realty, …
The recent research report on the global Real Estate market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market. The report offers an extensive analysis of key drivers, leading market players, key segments, and regions. Besides this, the experts have deeply studied different geographical areas and presented a competitive scenario to assist new entrants, leading
REAL GYM. REAL PEOPLE. REAL RESULTS :SOUTHBEACHBOXING
Boxers are in incredible shape. They have toned abs, slender muscles, and great definition. The question is – how do you get that great body without competing in fights? South Beach Boxing knows that “You Don’t Need To Be a Boxer To Train Like One!” Founder and Owner, Jolie Glassman, has taken the same exercises and actual training that REAL PRO boxers use to get lean and toned and made them
How Real Estate Apps can Drive Your Real Estate Business
In an industry going through a technological revolution, 6 Benefits of real estate apps development for realtors company can help you cope with changes and gain a significant advantage over your competitors. Get a Free Personalized Demo @ http://www.themobileappmaker.com/industries/real-estate-app/ Mobile phone technology has brought about monumental changes that are revolutionizing how we do business. The benefits of these technologies are endless, and unsurprisingly, our dependence on them increases day by day. For
Real Time Bookkeeping Changes to Cloud9 Real Time
SAN DIEGO, CA - Real Time Bookkeeping (RTB) is a licensed Commercial Host by Intuit and an accredited Managed Service Provider by MSP Alliance. The industry changer is revealing just how far they have come in a recent move to the name Cloud9 Real Time. “Our organization is excited about the change. We have grown over 500% in just under 18 months and the name change is part of the
Real Estate is a Real Time Business
SAN FRANCISCO, Mar 17, 2010 - Crosspollinate.org soft-launched this month the first version of its real time search and marketing service for Real Estate professionals . Although real-time search engines have proliferated over the last few months, this is the first offering of this kind available for the Real Estate industry. Real time search is a new kind of service which lets individuals and businesses know what is happening around