Virtual Reality Market worth $15.89
Billion by 2020
According to the new market research report "Virtual reality Market by Technology (Semi & Fully Immersive),
Device (HMD, gesture Tracking), Component (Sensor, Display, Software), Application (Gaming, Entertainment,
and Industrial), Geography - Trends & Forecasts to 2014-2020", the virtual reality technology market is expected
to reach $15.89 Billion by 2020 at a CAGR of 63.18% between 2015 and 2020, The report includes an in-depth
analysis of the market segmented on the basis of technology, devices, components, applications, and geography.
Browse 83 market Tables and 79 Figures spread through 185 Pages and an in-depth TOC on “Virtual Reality
Market”.
http://www.marketsandmarkets.com/Market-Reports/reality-applications-market-458.html
Early buyers will receive 10% customization on this report.
Virtual reality is an integration of hardware, software, and virtual content that is assembled to provide virtual
reality experiences to users. Virtual reality is experienced by the user through devices such as head mounted
displays (HMDs). The virtual reality technology plays a crucial role in many applications such as gaming,
entertainment, aerospace and defense, industrial, medical, retail and marketing, education, and others. The
consumers’ demand for virtual reality devices is projected to grow rapidly in the coming five years owing to the
availability of technologically advanced virtual reality devices, increased computational power of the devices, and
their increasing utility in the gaming and entertainment applications.
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Some of the big technology giants have entered the Virtual Reality Market. Facebook, Inc. (U.S.) acquired Oculus
VR, Inc. (U.S.) in March 2014. Sony Corporation (Japan) is developing “Project Morpheus”, HTC Corporation
(Taiwan) and Valve Corporation (U.S.) are jointly developing “HTC Vive” head mounted display, Microsoft
Corporation has revealed its “Microsoft HoloLens” device that is likely to be made available in early 2016. Apart
from these, many other companies are waiting for the right opportunity to enter the virtual reality market.
This report describes the virtual reality market trends, drivers, and challenges with respect to the global virtual
reality technology market, and forecasts the market size between 2015 and 2020, segmented on the basis of
technology, device, component, application, and geography. This global report provides a detailed view of the
market across the regions of North America (the U.S. and others), Europe (France, Germany, the U.K., and Rest of
Europe), Asia-Pacific (Japan, China, India, South Korea, Rest of APAC), and RoW (Middle East & Africa and Latin
America,).