Press release
Virtual Reality (VR) Social Platforms Market on Track for Strong Growth, Estimated to Grow at 70.5% CAGR Through 2029
Virtual Reality (VR) Social Platforms Market
How Large Will the Virtual Reality (VR) Social Platforms Market Size By 2025?
The market size of social platforms for virtual reality (VR) has seen a massive expansion in the past few years. The market is projected to rise from $1.5 billion in 2024 to $2.66 billion in 2025 with a compound annual growth rate (CAGR) of 77.3%. Factors such as the impact of the gaming industry, user interaction, investment and financing, tools for creating content, and community development have contributed to the growth during the historic period.
How Big Is the Virtual Reality (VR) Social Platforms Market Size Expected to Grow by 2029?
The market for virtual reality (VR) social platforms is predicted to witness a substantial increase in the coming years, with a value projection of $22.47 billion by 2029, achieving a compound annual growth rate (CAGR) of 70.5%. The growth during the anticipated period can be credited to advancements in 5g and edge computing, development in the metaverse, enhancements in augmented reality, advancements in AI and personalization, as well as applications in healthcare and wellness. The anticipated period will see significant trends such as social engagement and interaction, compatibility across various platforms, virtual events and gatherings, monetization tactics, in addition to regulatory and ethical concerns.
View the full report here:
https://www.thebusinessresearchcompany.com/report/virtual-reality-vr-social-platforms-global-market-report
Which Key Market Drivers Powering Virtual Reality (VR) Social Platforms Market Expansion and Growth?
Progress in 5G network development is projected to accelerate the expansion of the virtual reality (VR) social platforms market in the future. 5G networks, the fifth generation of cellular technology, provide faster speeds, reduced latency, and boosted capacity for mobile communication and data transmission. The enhancement in 5G networks development has been motivated by a transition towards advanced connectivity, allowing for quicker data speeds, lower latency, and fostering the expansion of emerging tech such as IoT and autonomous vehicles. These 5G networks facilitate VR social platforms by delivering quick, low-latency connections, augmenting the immersive experience, and facilitating real-time user interaction within virtual settings. As an illustrative example, in November 2023, Telefonaktiebolaget LM Ericsson, a Swedish networking and telecommunications firm, reported additional 5G subscriptions of 163 million in the third quarter of 2023, totalling 1.4 billion. Further projections suggest that global 5G subscriptions will exceed 5.3 billion by 2029, making up 58% of all mobile subscriptions. Consequently, the accelerating development of 5G networks is fuelling the expansion of the VR social platforms market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15494&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Virtual Reality (VR) Social Platforms Market?
Companies at the forefront of the virtual reality (VR) social platforms market are concentrating on the creation of metaverse infrastructure systems. They aim to cater to the surging appetite for immersive, interconnected virtual encounters. These infrastructure systems provide essential technologies and structures that bolster interconnected virtual spaces, facilitating smooth operations and experiences across a range of platforms and equipment. For example, Dentsu Group Inc., a Japanese advertising firm, introduced Xambr in September 2023. This innovative virtual experience platform enhances entertainment and engagement in the metaverse, ensuring compatibility with multiple devices and delivering an immersive journey suitable for both personal and commercial use. With top-notch graphics and sophisticated data analysis abilities, Dentsu is able to transform brand experiences and services in the virtual domain.
What Are the Emerging Segments in the Virtual Reality (VR) Social Platforms Market?
The virtual reality (vr) social platformsmarket covered in this report is segmented -
1) By Type: On-Premise, Cloud-Based
2) By Platform: Desktop, Mobile, Web, Console
3) By Pricing Model: Subscription, Pay-Per-Use, Freemium
4) By Application: Individual, Enterprise, Educational, Government, Other Applications
Subsegments:
1) By On-Premise: Private Deployment, Enterprise Deployment
2) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15494&type=smp
Who Are the Global Leaders in the Virtual Reality (VR) Social Platforms Market?
Major companies operating in the virtual reality (VR) social platforms market are Meta Platforms Inc., Mozilla Corporation, Sony Interactive Entertainment LLC, Oculus VR LLC, Rec Room Inc., Microsoft Corporation, Immersive VR Education Ltd., High Fidelity Inc., Doghead Simulations LLC, Cluster Inc., LiveLike VR Inc., Spatial Systems Inc., Glue Collaboration AS, Bigscreen Inc., Somnium Space Limited, VRChat Inc., MeetinVR ApS, VTime Holdings Ltd., Social Spaces VR Ltd., JanusVR Inc.
Which are the Top Profitable Regional Markets for the Virtual Reality (VR) Social Platforms Industry?
North America was the largest region in the virtual reality (VR) social platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual reality (VR) social platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15494
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 (VR) Social Platforms Market on Track for Strong Growth, Estimated to Grow at 70.5% CAGR Through 2029 here
News-ID: 4244382 • Views: …
More Releases from The Business Research Company
Segmentation, Major Trends, and Competitive Overview of the Space Resource Utili …
The exploration and utilization of space resources is rapidly evolving into a promising sector with vast potential for growth and innovation. As technology advances and partnerships form, the industry is set to transform how humanity accesses and uses materials beyond Earth, paving the way for sustainable off-world operations and broader space exploration.
Projected Market Growth for Space Resource Utilization
The space resource utilization industry is anticipated to experience significant expansion over…
Market Trend Analysis: The Impact of Recent Advances on the Space Law Enforcemen …
The growing complexity and activity in outer space have brought increased attention to the need for effective space law enforcement. As the number of satellites and space missions rises, managing space traffic and ensuring compliance with regulations becomes critical. This overview explores the future outlook, driving factors, major players, and structural breakdown of the space law enforcement market as it progresses toward 2030.
Expected Growth Trajectory of the Space Law Enforcement…
Market Structure, Emerging Trends, and Key Player Analysis in Space Elevator Ope …
The concept of space elevators is rapidly moving from science fiction to a tangible future technology, promising revolutionary changes in how we access and utilize space. As interest and investment in this area grow, the market for space elevator operations is set to expand significantly. Below is an overview of the forecasted market size, key players, emerging trends, and the segmentation of this exciting industry.
Projected Market Growth of Space Elevator…
Competitive Analysis: Leading Companies and New Entrants in the Space Currency a …
The emerging space currency and economy sector is poised for remarkable expansion as humanity's ventures beyond Earth gain momentum. With innovations in financial technologies tailored for the unique challenges of space commerce, this market is set to transform how transactions and economic activities unfold across orbital and interplanetary environments. Let's explore the projected growth, key players, market drivers, evolving trends, and the detailed segmentation shaping this futuristic industry.
Projected Market Size…
More Releases for Social
Social Media Management Market, Social Media Management Market Size, Social Medi …
The Social Media Management Market is growing rapidly as businesses increasingly rely on social platforms to engage with customers, build brand awareness, and drive digital marketing strategies. Social media management solutions help organizations streamline content creation, scheduling, analytics, and audience engagement across multiple platforms, enabling more efficient and effective campaigns. With the rise of data-driven marketing, these tools also provide valuable insights into user behavior, trends, and campaign performance. As…
Introducing Waby Social - The Revolutionary Social Networking Platform
Waby Social is proud to announce the launch of its highly anticipated social networking platform, designed to revolutionize the way people interact online. With a focus on user privacy, simplicity, and seamless functionality, Waby Social promises to deliver a new standard of social media experience.
Waby Social aims to address the growing concerns of privacy and security issues that have plagued the social media landscape for years. The platform is designed…
Global Social Television Market by Types (Sharing Technology, Social EPG/Content …
The Global Social Television Market is expected to reach US$ XX Million by 2026, with a CAGR of XX% from 2021 to 2026, based on a newly published report.
Global Social Television Market Overview
Social Television Market research report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Global social television is a new form of television that is growing in popularity. Social television…
Customer Relationship Management (CRM) Market Report 2018: Segmentation by Socia …
Global Customer Relationship Management (CRM) market research report provides company profile for SAP, Oracle, Salesforce.com, Amdocs, IBM and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Very social, but not just social media
Which channels are customers’ favourites when it comes to sharing good experiences?
By: Graham Ede, Yonder Digital Group
“Twice as many people tell others about bad experiences as opposed to the good ones” do you believe in this old adage? If so, you would not be alone, however, latest research commissioned by Yonder Digital Group reveals this common perception is in fact not true.
A key game-changer has been the rise of…
Trig Social Media announces acquisition of social-commerce.co
Trig social media AB is delighted to announce acquisition of 50.5% of www.social-commerce.co and its holding company Fusion Finance with an option to acquire the remaining 49.5% toward the end of the year.
The transaction will be completed with 9 million Trig Social Media shares to be issued shortly. The price for the remaining 49.5% is performance based.
Social-commerce is a gamified gig economy platform with an affiliate component that is…
