Information Communications Media Technology Market News

New report shares details about the virtual reality market forecast to 2023

IT Market Research

The virtual reality market is valued at around USD $11.5 billion in 2017 and is anticipated to reach approximately USD $32.0 billion by 2023. It is projected to grow at a CAGR 55.2% from 2018 to 2023. This market is categorized by application, technology, devices, components, and region.

Get Sample Copy of this Report at Make an Inquiry about this news .

Virtual reality (VR) refers to the experience of a high resolution graphic or photographic environment through a cutting-edge device, such as a headset or eyeglass-type terminal, that draws on advanced displays, graphics semiconductors, motion sensors, and headphone technologies. Virtual reality has the potential to become the next big computing platform, similar to PC and smartphone.

It presents a unique opportunity for advertisers to reach a completely immersed audience.

Complete report on Virtual Reality Market spread across 121 pages, profiling 10 companies. Inquire for more at Make an Inquiry about this news .

Virtual reality involves a goggle-type display that completely covers the field of view. Wearing the display, users experience the illusion of inhabiting an artificial space.

Users see computer graphics or photographs that move in tandem with movements of their head, neck, and body, and hear sounds in the virtual world through headphones. If the quality of the graphics is high enough, users might come to accept the idea that they are actually within an artificially-created world or are in a place that would otherwise be difficult to access.

Access a copy of Global Virtual Reality Market Report at Make an Inquiry about this news .

One of the key applications of virtual reality is the streaming of live events like sports, concerts, and world affairs which solves the problem of limited seating at events and makes events especially available to anyone and anywhere. Television currently solves this problem with a 2D viewing experience, and VR has the potential to be the new format in which people watch and experience live events.

Major players in virtual reality market are

  • Oculus, Microsoft Corporation, HTC Corporation, Barco, CyberGlove Systems, Alphabet, Leap Motion, Samsung Electronics Co. Ltd., Sensics, and Sixense Entertainment.

The user experience, technology constraints, the development of content and applications, and price are key hurdles to its adoption The user experience being the important factor. With expecting technology advancements in near future will help reduce cyber sickness and increase mobility thus expanding the pervasiveness of VR.

Taking consideration into content and applications, we see an issue where content and app developers are cautious to make investments in VR without any installed base, while at the same time, consumers and enterprises are hesitant to buy VR hardware without a strong supply of content and apps.

* This report provides current market trends and future growth expectations
* This report examines the market size and changing competitive dynamics
* It covers information regarding key drivers, challenges or restraining market growth
* It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management
* Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
* This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments

* Console & mobile gaming companies
* Amusement & theme park (VR Coaster)
* Media
* Education
* Venture capitalists and investors
* Government associations
* Industrial use and factory operation
* Aerospace & defense

Table of Contents:

1 Executive Summary

2 Demographic Overview

3 Research Methodology

4 Premium Insights

  1. Market Overview

6 Market Factor Analysis

7 Global Market Analysis By Offerings

8 Global Market Analysis By Connectivity Type

9 Global Market Analysis By Deployment Type

10 Global Market Analysis By Organization Type

11 Global Market Analysis By Industry Verticals

12 Global Market Analysis By Region

13 Market Trends & Competitive Analysis

14 Company Profiles

News From

Orian IRPOrian IRP
Category: Market Research Publishers and RetailersCompany about: Orian Research is one of the most comprehensive collection of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products.
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!