December 4, 2021

Virtual Reality Market to grow at a CAGR of 55.34% by 2025 |Evolving Opportunities with Alphabet Inc., Facebook Inc.| 17000+ Technavio Reports

NEW YORK, Nov. 1, 2021 /PRNewswire/ — The “Virtual Reality Market – Competitive Analysis, Trends, Challenges, Drivers and Five Force Analysis”…

NEW YORK, Nov. 1, 2021 /PRNewswire/ — The “Virtual Reality Market – Competitive Analysis, Trends, Challenges, Drivers and Five Force Analysis” report has been added to Technavio’s offering. The virtual reality market is expected to grow by USD 75.57 billion from 2020 to 2025, progressing at a CAGR of 55.34%

For Insights on Virtual Reality Market –Download a free sample report now!

Market Dynamics

The market is driven by factors such as the penetration of HMDS in the gaming and entertainment sector, rising demand for virtual training across industries, and rising investments in advanced hardware offerings. However, the requirement of high speed and computation power is hindering market growth.

Company Profiles

The virtual reality market report includes information on the product launches, sustainability, and prospects of leading vendors including Alphabet Inc., Facebook Inc., Firsthand Technology Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., NVIDIA Corp., Unity Technologies Inc., Wevr, and WorldViz Inc.

Some Companies Mentioned with offerings

  • Alphabet Inc. – The company offers products such as Earth VR and Cardboard VR.
  • Facebook Inc – The company offers products such as Quest 2 under the brand Oculus.
  • Firsthand Technology Inc. – The company offers VR for health and wellness such as Cool and Glow.

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By End-user, the market is classified into segments Enterprise and Consumer. The virtual reality market share growth by the enterprise segment has been significant.
  • By Geography, the market is classified as North America, APAC, Europe, MEA, and South America. APAC will have the largest share of the market.

Related Reports –

Virtual Assistant Market –The virtual assistant market has the potential to grow by USD 4.12 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.79%. Download a free sample now!

Augmented Reality and Virtual Reality Market –The augmented reality (AR) and virtual reality (VR) market has the potential to grow by USD 162.71 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 45.99%.Download a free sample now!

Virtual Reality Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 55.34%

Market growth 2021-2025

USD 75.57 billion

Market structure

Fragmented

YoY growth (%)

33.76

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Facebook Inc., Firsthand Technology Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., NVIDIA Corp., Unity Technologies Inc., Wevr, and WorldViz Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

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Media & Marketing Executive

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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