The latest report on “Virtual Reality (VR) Market (Offering – Hardware, and Software; Device Type – Head-mounted Displays, Gesture-tracking Devices, and Projectors and Display Walls; Application – Commercial, Enterprise, Healthcare, Aerospace & Defense, Gaming and Entertainment, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global Virtual Reality Market is projected to grow at a CAGR of 35% over the forecast period of 2019-2025.
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Virtual reality (VR) is the use of computer technology to generate a replicated environment. VR places the user inside an experience. Users are immersed and able to interact with 3D worlds instead of viewing a screen in front of them. By simulating as many senses as possible, such as touch, vision, hearing, even smell, the computer is converted into a porter to this artificial world. The only restrictions to near-real VR experiences are the accessibility of content and cheap computing power.
Growing the investment of key players in the virtual reality is the driving factor for the growth of the global virtual reality market. The growing use of head-mounted displays in the gaming and entertainment sector boosts the growth of the market. On the other hand, health concerns due to the lack of movement and low resolution may hamper the growth of the global virtual reality market. High costs associated with virtual reality devices. Moreover, increasing adoption of the HMDs in aerospace & defense and healthcare may create an opportunity for the growth of the global virtual reality market. A growing number of smartphones and tablet users also is the factor that creates an opportunity for the market.
The global virtual reality market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). North America holds the highest market in the global virtual reality market due to the presence of the major players and increasing capital investment in the gaming and media and entertainment industries. In North America, the U.S. dominates the market followed by Canada and Mexico. Asia-Pacific is expected to grow with the highest CAGR during 2018-2025. A growing number of smartphone and tablet users and an increasing number of mobile applications boost the growth of the market in the Asia-Pacific region. In Asia-Pacific, China dominates the market followed by Japan and India.
The report on the global virtual reality market covers segments such as offering, device type, and application. On the basis of offering, the sub-markets include hardware and software. On the basis of device type, the sub-markets include head-mounted displays, gesture-tracking devices, and projectors and display walls. On the basis of application, the sub-markets include commercial, enterprise, healthcare, aerospace & defense, gaming and entertainment, and others.
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The report provides profiles of the companies in the market such as Google Inc., Sony Corporation, Magic Leap Inc., HTC Corporation, Microsoft Corporation, Osterhout Design Group, CyberGlove Systems, Leap Motion, Nintendo Co., Ltd., and Psious.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the virtual reality.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.