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Rosy future predicted for virtual reality in gaming industry

IT Market Research

Virtual reality technology can enable gamers to indulge in an imaginary setting where the gamer’s physical presence is simulated to be a part of the three-dimensional environment. With VR equipment and accessories, the user can view, move around, and even interact with the objects within the game.

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Several start-ups are developing prototypes for using the virtual reality technology in video games, which is expected to impact the growth favorably over the years to come.

Most of the virtual reality input devices are prototypes, and companies are investing heavily in Research & Development to build consumer versions which can be connected to consoles, desktops, and smartphones.

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With companies expanding production, and users getting more acquainted with the new technology, the demand for such games is anticipated to grow phenomenally in the coming years.

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Key players:

Oculus VR, Samsung, Activision Blizzard, Kopin, HTC, Google, Sony, ZEISS International, Razer, FOVE, Valve, Disney, Electronic Arts, AMD (Advanced Micro Devices), Facebook, GoPro, NVIDIA, Qualcomm Technologies

Smartphones are expected to emerge as the fastest growing devices for the adoption of the virtual reality technology in digital games. They provide gamers with a more cost-effective and portable solution as compared to gaming dedicated consoles and desktops.

Google Cardboard headset is a head mount display which can be used with a smartphone for experiencing the virtual world of the computerized game. Use of smartphones for playing VR-enabled games is expected to emerge as a key trend in the coming years.

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Microeconomic and macroeconomic factors which affect the Virtual Reality In Gaming market and its growth, both positive and negative, are also studied. The report features the impact of these factors on the ongoing market throughout the mentioned forecast period.

The upcoming changing trends, factors driving as well as restricting the growth of the market are mentioned.

Key players operating in the Virtual Reality In Gaming market have been elucidated in the report. Business and financial overview of each and every companies are included.

The keys strategies which are employed by players in the market are studied and explained. In addition, recent and upcoming developments by players and strategic expansions to gain and maintain a wider reach have been given.

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The report gives a SWOT analysis of the new projects in the international and Virtual Reality In Gaming market, investment feasibility, development trends, and investment return analysis of these projects. Study of the Virtual Reality In Gaming market’s competitive landscape includes data facts and figures about leading countries and suppliers’ capacity, cost-structures, production values, profits, and gross margins of key businesses operating in the market over the report’s review period.

The report also provides details such as product picture and specification, and contact information of the companies profiled in the Virtual Reality In Gaming market’s manufacturer analysis segment.

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