The global VR market was $5.0 billion in 2018 and is expected to grow at a CAGR of over 30% during the forecast period 2019-2025. VR Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this VR Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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Further, Asia-Pacific has been impacted severely impacted by the outbreak of COVID-19 from China. Economies such as South Korea, India, China, and Australia have a perilous impact on their economy due to the spread of the virus. Government of these nations apart from other economies have imposed partial or full lockdown; thereby, forcing people to take shelter in place at home and prohibiting social gatherings. Industries are asked to work remotely with the quarantined workforces. This surges the demand for various VR solutions for visual communication to be used by corporates and several other verticals. For instance, Queppelin is witnessing an increased demand for VR solutions as the need for virtual meetings becomes essential these days. Queppelin is developing VR solutions for an India-based Bluechip Corporate Investment Centre Ltd.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Virtual Reality (VR) Market
By Components
- Hardware
- Software
By Systems
- Non-immersive VR
- Semi-immersive VR
- Fully immersive VR
By Application
- Entertainment
- Gaming
- Tourism
- Automotive
- Training and education,
- Defense
- Healthcare
By Device
- Head-Mounted Display (HMD)
- Gesture-Tracking Device (GTD)
- Projectors & Display Wall (PDW)
Global Virtual Reality (VR) Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Comprehensive research methodology of the global VR industry.
- 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 global VR Industry.
- Insights about market determinants that are stimulating the global VR industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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