Global Virtual Reality Market to See Considerable Growth through 2021, Says Mind Commerce in Its Topical Report Available at MarketPublishers.com17 Oct 2016 • by Natalie Aster
LONDON – Virtual Reality (VR) technology is not something uncommon nowadays, it is used to provide a near-real experience with the use of reality emulation in a virtual environment.
The global virtual reality market is poised to enjoy considerable growth and massive transformation in the next 5 years, propelled by continuous advances in aps, devices, content, components and broadband communications. The anticipated decline in consumer headsets prices will also give an impetus to the virtual reality market growth. Strong growth of virtual reality headsets will be registered in both mid-tier and high-end adoptions. Through 2020, fully immersive virtual reality systems are likely to gain substantial momentum.
Revenues of the worldwide virtual reality market are expected to see notable increase by little over 39% during 2016-2021.
The number of virtual reality users worldwide is expected to grow at a 147% CAGR in the next 5 years.
North America is expected to take lead in the world’s market for virtual reality through 2021. However, by 2025 it will likely be superseded by the Asia-Pacific region.
Topical report “Virtual Reality Market Outlook: Technology, Solutions, Content, and Applications 2016 - 2021” prepared by Mind Commerce Publishing LLC contains reliable info on the virtual reality market. It offers historical insights, presents a clear understanding of the current scenario and also provides forecasts through 2021.
The research publication reviews the present situation across the major regional markets, covers the key applications in detail, offers a detailed market segmentation analysis.
It discloses trustworthy statistics, examines the major market growth hinders, drivers, threats, challenges and opportunities. The report investigates the prevailing and emerging trends in the worldwide virtual reality market.
The report reviews the competitive environment, gives data on the top players and contains SWOT analysis. It covers the emerging business models and also traces the evolution of VR monetization.
Additionally, the report uncovers forecasts for the virtual reality market through 2021.
Other research studies by this publisher are offered in the Mind Commerce Publishing catalogue.