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North America and Asia-Pacific to Exhibit Highest Growth Rate Until 2024
Geographically , the research study throws light on the world ’ s main regional market conditions , by focusing on some prime regions and countries including North America , Europe , South America , Asia-Pacific , Middle-East and Africa . For each regional segment , the report also provides details of market attractiveness . In terms of geographical outlook , it has been studied that , North America dominant in the global VR content creation market with a share of 73.4 % in 2016 . The main reason behind this growth is the prevalent gaming culture in the region , especially in the U . S ., and the escalating adoption of novel technologies such as virtual reality ( VR ).
TMR Analysts has projected that Asia-Pacific region will exhibit an exponential CAGR of 116.1 % between 2016 and 2024 . This regional market will gain from the rising awareness about virtual reality in the region and the entry of new players .
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Market Overview and Segmentation
At first , the market overview section of the report demonstrates the market dynamics such as the drivers , restraints and opportunities that will influence the current landscape and future status of this market . Furthermore , Porter ’ s Five Forces analysis explains the factors which are currently affecting the VR content creation market .
The market has been further categorized by content type , solution and its end-use sector . The content type segment includes :
� Videos ( 360 Degree and immersive videos )
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360 Degree Photos Games
The end use sector considered in the market include real-estate , travel , hospitality and events , media and entertainment , retail , gaming , automotive and others .
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Key players operating in the global market are as follows : Koncept VR