Global Virtual Reality Industry Growth Analysis and Forecasts To 2020 Virtual Reality Market Global Analysis 2017 | Page 2

Virtual Reality Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecasts 2017 – 2020
Virtual Reality (VR) Market is about to become mainstream and could surpass US$ 40 Billion market by
2020. Virtual reality involves the creation of a virtual world that interacts with consumers. This virtual world
is designed in a way that it appears more realistic to the users, while they can’t differentiate between the
real and virtual.
Company Coverage of Global Virtual Reality Market: Sony, Microsoft, Facebook,HTC,Google,Samsung
Electronics.GoPro.
The technology giants are making huge investments in the virtual reality market landscape, such as
Facebook's US$ 2 Billion acquisition of Oculus virtual reality (VR) headset. Samsung through innovation
with Oculus VR has also produced virtual reality devices for use, along with its top leading smartphones.
The major growth driver of Virtual Reality Market includes growing digitization, advancement of
technology, increasing demand for head mounted displays in gaming and entertainment industries, and
rising investment in virtual reality market among others. However, high cost of devices and lack of technical
expertise are the factors among others which are hindering the growth of Virtual Reality Market.
Key Highlights of the Report:
The VR hardware component accounted for maximum share of the market in 2016.
The virtual reality market for software components is expected to grow at the highest rate during the
forecasting period.
Complete report available at http://www.marketreportsonline.com/567743.html