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Virtual Reality Market | Industry Analysis and Market Forecast to 2024 | MarketsandMarkets

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Title: Virtual Reality Market | Industry Analysis and Market Forecast to 2024 | MarketsandMarkets


1
MarketsandMarkets Presents
Virtual Reality Market worth 44.7 billion by
2024
Virtual Reality Market by Offering (Hardware and
Software), Technology, Device Type (Head-Mounted
Display, Gesture-Tracking Device), Application
(Consumer, Commercial, Enterprise, Healthcare,
Aerospace Defense) and Geography - Global
Forecast to 2024
https//www.marketsandmarkets.com/Market-Reports/r
eality-applications-market-458.html
2
According to the new market research
report "Virtual Reality Market by Offering
(Hardware and Software), Technology, Device Type
(Head-Mounted Display, Gesture-Tracking Device),
Application (Consumer, Commercial, Enterprise,
Healthcare, Aerospace Defense) and Geography -
Global Forecast to 2024", The virtual reality
(VR) market is expected to grow from USD 7.9
billion in 2018 to USD 44.7 billion by 2024, at a
CAGR of 33.47 during the forecast period. The
penetration of HMDs in the gaming and
entertainment sector, huge investments in VR
market, advancement of technology and growing
digitization, and availability of affordable VR
devices are the major factors fueling the growth
of the overall market. Browse 61 market data
Tables and 40 Figures spread through 157 Pages
and in-depth TOC on "Virtual Reality Market -
Global Forecast to 2024"Early buyers will
receive 10 customization on this report.
3
Consumer application to lead virtual reality
market during forecast period Virtual reality
technology offers remarkable results regarding
visual effects when used in gaming and sports
broadcasts. The demand for head-mounted displays
is high in consumer applications because of their
use in gaming and sports entertainment. The use
of head-mounted displays as smart glasses in
sports (such as ski driving and fighting games)
is increasing day by day. The demand for the
development of VR apps is high in the
entertainment sector to enhance the user
experience in sports broadcasting, gathering
information through social networking sites, and
so on. PDF Brochure_at_ https//www.marketsandmarket
s.com/pdfdownloadNew.asp?id458 Head-mounted
displays to lead virtual reality market owing to
its increased use in consumer and healthcare
applications Virtual reality HMDs find major
applications in gaming and entertainment,
healthcare, retail and ecommerce, and enterprise
applications. The VR HMDs help in patient
engagement and also in their discharge training.
VR HMDs can also be used for rehabilitation of
patients and improve their mental and behavioral
health through VR games. Along with gaming and
entertainment, the use of VR HMDs in retail and
ecommerce sectors will drive the VR market during
the forecast period.
4
APAC to be fastest-growing region in virtual
reality market during 20182024 The presence of
major companies and a high number of start-ups in
APAC are the keys factors to drive the adoption
of VR devices in the region. The companies such
as Sony, Samsung Electronics, and HTC have played
a crucial role in the growth of the VR market in
the region. With the advent of local VR device
manufacturers, APAC is expected to lead the
overall VR market by 2024. It will be followed by
North America, which is also expected to hold a
significant share in the overall VR market owing
to the early adoption of this technology and a
large number of companies in the region. Inquiry
Before Buying _at_ https//www.marketsandmarkets.com/
Enquiry_Before_BuyingNew.asp?id458 Sony
(Japan), Samsung Electronics (South Korea),
Google (US), Microsoft (US), HTC (Taiwan), Oculus
(US), Eon Reality (US), Vuzix (US), CyberGlove
Systems (US), Leap Motion (US), Sensics (US),
Sixense Enterprises (US), Nintendo (Japan),
Psious (Spain), Mindmaze (Switzerland), WorldViz
(US), Firsthand Technology (US), Virtuix (US),
Survios (US), Merge Labs (US), SpaceVR (US), and
Virtually Live (Switzerland) are among the major
virtual reality vendors in the market.

5
About MarketsandMarkets MarketsandMarkets
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Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
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defend" strategies, identify sources of
incremental revenues for both the company and its
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players across leaders, emerging companies,
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determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
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the curve. MarketsandMarketss flagship
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markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
6
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