Indian virtual reality market is growing at a CAGR of approximately 32.0% during the forecast period. The country is continuously working towards positioning itself as one of the leaders by various technological development and industrialization. There are various large companies in the country which are increasingly focusing on the transformation of technology into the digital world. This is majorly owing to increasing awareness of novel operating models with advanced features. According to the India Brand Equity Foundation (IBEF), the India ranks at the third position in the most attractive investment destinations for technology across the globe, which increases the investments by the government and hence supports the Indian virtual reality market growth.
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Additionally, increasing Internet penetration and growing adoption of the smartphones in the country are driving the growth of the Indian virtual reality market. According to BGR Media, the total number of smartphone user in India was recorded 292 million in 2016, which was much higher from 238 million in 2015. Moreover, increasing trend of smart phone users along with social media growth is augmenting the market growth in India. About 451 million of internet users were recorded in 2016. This high penetration rate of Internet and smartphones has been acting as a lucrative segment to the attackers.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Indian Virtual Reality Market by Component
- Hardware
- Software
Indian Virtual Reality Market by System
- Non-immersive VR
- Semi-immersive VR
- Fully-immersive VR
Indian Virtual Reality Market by Application
- Entertainment
- Gaming
- Tourism
- Training & Education
- Others (Live Events and Real Estate)
Company Profiles
- Apple Inc.
- Google Inc.
- HTC Corp.
- Microsoft Corp.
- Nvidia Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Zeiss international
The Report Covers
- Comprehensive research methodology of the Indian Virtual Reality market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian Virtual Reality market.
- Insights about market determinants which are stimulating the Indian Virtual Reality market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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