ICT & Electronics Global Virtual Reality Market Outlook | Page 2

Virtual Reality Market is Anticipated to Grow at 42.78% CAGR During
the Forecast Period
Virtual Reality Market is one of the fastest growing markets across the globe. Rise
in innovative technology to operate the tasks efficiently would help by the virtual
reality technology. The virtual reality provides the wide angle views according to
the movements of the users. Advancement of technologies in virtual reality sector
is projected to help various sectors like automotive & healthcare to introduce
virtual reality for better safe drive and in diagnostics & imaging & technology.
Further, banking upon the vast application in pilot training programs, military
operations, real estate and gaming industry, virtual reality is projected to spur the
global virtual reality market in near future. Further, technological advancements
for operating tasks through fixed location is also projected to fuel the virtual
reality market globally.
Global gaming virtual reality is the fast growing market across the globe due to
presence of high-end & graphics game. The Global Virtual Reality Market is
expected to grow at a CAGR of 42.78% in the forecast period of 2015-2021 and
expected to cross USD 40 Million by 2021. Increasing utilization of virtual reality
in industrial, consumer, commercial and healthcare sector is believed to the
dynamic factor behind the growth of virtual reality market during the forecast
period.
North-America Virtual Reality Market is projected to grow at a CAGR of >40% in
the forecast period of 2015-2021. The penetration of smartphones in the region
due to advancement of electronic devices in the U.S. would help the region to
dominate the global virtual reality market in future. Further, on the back of
reasons like, increased personal disposable figures, expanded demand from
healthcare, enhanced IT infrastructure, better GDP figure etc. virtual reality
market in Asia-Pacific is projected to grow at a CAGR greater than North America