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Mark Peters : June 23th 2017 - 23:45 CET

Virtual Reality Market Report 2017


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Research and MarketsResearch and Markets Global Virtual Reality Market Analysis : Market analyst Research and Markets has published a global market forecast for Virtual Reality products and services. The global VR market is expected to reach USD 48.5 billion by 2025. Virtual Reality technology based Gesture Tracking Devices find commercial applications in high-performance computers and VR gaming applications. The VR Head Mount Devices technology offers a cost-effective and reliable solution to experience immersive virtual experience by means of a smartphone. The consumer electronics application segment would dominate the sector in terms of market size over the forecast period. The growing adoption of medical and consumer electronics based VR applications is anticipated to revolutionize the market by 2025.
Forecast VR headsets

Forecast for VR headsets
Non-mobile VR headsets have their own integrated screens, for example, Oculus Rift, whereas mobile VR headsets use smartphones as the screen, for example, Google Cardboard.

Numerous large corporations, such as HTC and Sony, are venturing into space. The introduction of commercial VR headsets is expected to accelerate market growth over the next two years.

Virtual Reality market report

Virtual Reality Market Report
The global VR market can be categorized based on components into hardware and software verticals. The hardware segment dominated the virtual reality market in terms of the overall market share in 2016.

The rising demand for smartphone devices is anticipated to complement the growing VR hardware device sales. The increasing penetration of devices, such as smartphones and tablets, is expected to drive the software segment over the forecast period.

The increasing demand for VR applications in the gaming and entertainment segments is expected contribute to the market growth.




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