Global Virtual Reality Market :Global Industry overview, Comprehensive Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2024
Virtual reality market was valued
about USD 2.13 billion and it is expected to grow at CAGR of around 56.21% for
the forecast 2017 to 2024. So, the virtual reality market is expected to grow
at around USD 75.39 billion by 2024. The
report gives detailed segments analysis of virtual reality market in which the
report describes the market into device type, components, application and
regional segments. For that, the analysts have considered the present and
future trends and the market are estimated from 2016 to 2024. The report
included a detailed competitive scenario and portfolio of leading vendors
operating in Virtual Reality market all across the world. To understand the
competitive landscape in the Virtual Reality market, an analysis of Porter’s
Five Forces model for the Virtual Reality market has also been covered. The
study also gives a market attractiveness analysis, wherein the application and
regional segments are benchmarked based on their market size, growth rate and
general attractiveness for Virtual Reality market. In addition, report also
describes the drivers, restraints and future opportunities along with their
impact as from 2014 to 2024. Virtual Reality (VR) which is also known as
Virtual Environments (VE) is a technology used in computer community
interchangeably. It is a computer-generated 3D environment that allow the user
to enter and interact with alternate realities. Increasing adoption of
head-mounted displays (HMD) in gaming and entertainment sector coupled with
advanced technology are the primary factors driving the virtual reality market.
However, device compatibility and high initial cost may hamper the growth of
virtual reality market.
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