Press release
Virtual Reality Services In Telehealth Drive Growth In The Virtual Reality Services Market: A Key Driver Powering Virtual Reality Services Market Growth In 2025
Virtual Reality Services
What Is the Current Virtual Reality Services Market Size and Its Estimated Growth Rate?
The virtual reality services market has grown rapidly in recent years. It will rise from $13.32 billion in 2024 to $15.1 billion in 2025, at a CAGR of 13.4%. This growth is attributed to the increasing demand in gaming and entertainment, the corporate adoption of VR for training purposes, cost reductions, improved accessibility, content creation, and investments in cinematic and media experiences.
The virtual reality services market is expected to expand quickly, growing to $25.97 billion in 2029 at a CAGR of 14.5%. Growth is propelled by 5G, industrial VR use, healthcare applications, immersive experiences, and AR integration. Leading trends include VR in retail and travel, location-based entertainment, collaborative virtual spaces, and cross-industry VR solutions.
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How Are Emerging Segments Shaping the Virtual Reality Services Market Landscape?
The virtual reality services market covered in this report is segmented -
1) By Type: Hardware, Software
2) By Basis Of Service: Consulting, Training, Implementation, Integration, Operation, Maintenance
3) By Application: Healthcare, Education, Real Estate, Advertising, Travel, Gaming, Entertainment, Other Applications
Subsegments:
1) By Hardware: VR Headsets, VR Controllers, VR Tracking Devices, VR Gloves, Haptic Feedback Devices, Motion Platforms, VR Cameras
2) By Software: VR Content Creation Software, VR Gaming Software, VR Simulation Software, VR Training And Education Software, VR Design And Architecture Software, VR Entertainment And Media Applications, Augmented Reality (AR) Integration Software
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Which Growth Factors Are Influencing Virtual Reality Services Market Expansion?
The growing integration of virtual reality services in telehealth is significantly contributing to the expansion of the virtual reality services market. VR-based training tools are equipping healthcare professionals with essential skills to handle COVID-19 scenarios effectively. These services are beneficial in simulating real-life pathology cases for quick application of medical knowledge. For instance, XRHealth's app supports quarantined COVID-19 patients and allows remote monitoring by physicians, thereby boosting the VR services market in telehealth.
Who Are the Dominant Players Across Different Virtual Reality Services Market Segments?
Major companies operating in the virtual reality services market include Skywell Software LLC, LittlStar's, Creative Solutions, Gramercy Tech LLC, HQSoftware LLC, Program-Ace LLC, Groove Jones LLC, Xicom Technologies Ltd., Zco Corporation, The Intellify, Quy Technology Pvt. Ltd., Fluper Ltd., JPLoft Solution, Credencys Solutions Inc., HorizonCore Infosoft Pvt. Ltd., Quytech Company, Hedgehog lab Ltd., IndiaNIC Infotech Limited, Chetu Inc., Vakoms LLC, Delta Reality, Dyfuzja Software Development Co., Cortex Inc., Chocolate Milk & Donuts LLC, NARSUN Studios, Setapp Inc., Oodles Technologies Pvt. Ltd., Infotrum LLC, Sumeru Inc., NewGenApps, HTC Corporation, Sony Group Corporation, Oculus VR LLC, Google LLC, Samsung Electronics Co. Ltd., Lenovo Group Ltd., Meta Platforms Inc., NVIDIA Corporation, Apple Inc., Amazon Inc., Unity Technologies Inc., Unreal Engine 3D, Autodesk Inc., Eon Reality Inc., 3D Systems Corporation, Dassault Systèmes SE, Pico Interactive Inc., StarVR Corporation, FOVE Inc.
What Virtual Reality Services Market Trends Are Gaining Traction Across Different Segments?
Virtual reality (VR) is increasingly being used for remote shopping, especially with the rise of online shopping during the COVID-19 pandemic. Companies are offering new experiences for customers through VR services. For example, GAP, a US-based brand, launched a virtual Dressing Room app that lets users digitally try on clothes, helping customers select the right outfits and reducing product returns, which in turn benefits retailers by lowering costs.
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Which Geographic Regions Are Expected to Dominate the Virtual Reality Services Market in the Coming Years?
Asia-Pacific was the largest region in the virtual reality services market in 2023. North America was the second largest region in the virtual reality services market. The regions covered in the virtual reality services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Virtual Reality Services Market?
2. What is the CAGR expected in the Virtual Reality Services Market?
3. What Are the Key Innovations Transforming the Virtual Reality Services Industry?
4. Which Region Is Leading the Virtual Reality Services Market?
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