Virtual Reality (VR) in Gaming Market 2018 – 2026 | Industry Business Analysis and Forecast by Leading Key Players
According to a new study published by Polaris Market Research, the Virtual Reality (VR) in Gaming Market is anticipated to reach USD 48.2 billion by 2026.
The players operating in the Virtual Reality (VR) in Gaming Market are constantly focusing on development of new products to efficiently compete in the highly aggressive market. For instance, Sony launched Project Morpheus VR heads, a head mounted display device that offers high resolution and efficient tracking accuracy. The major players operating in this market includes Microsoft Corporation, Sony Corporation, Electronic Arts, Nintendo Company Ltd., Linden Labs, Samsung Electronics Co. Ltd., Facebook (Oculus), Google, Inc., HTC Corporation, and Tesla Studios among others. Companies including Microsoft, Sony and Nintendo are the major players operating in the market.
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Virtual Reality (VR) in Gaming Market is propelled by factors including, increasing disposable income of people worldwide and continuous improvement in existing gaming technologies including, 3D effects, motion tracking, and interactive graphics for drawing users’ attention. With the increase in spending capacity of people, people are demanding for new sources of entertainment and VR games offers a unique way of entertainment.
Virtual Reality (VR) in Gaming Market Segmentation: -
- The hardware component segment of Virtual Reality (VR) in Gaming Market held more than 50% of the market share in 2016 and is further expected to lead during the forecast period. The high-cost of hardware components is the major factor for the increasing growth. However, with the increasing demand for these products, the prices are expected to decrease in the near future.
- The software segment is anticipated to experience modest growth. Adoption of the virtual reality technology has raised user expectation for enhanced software solutions, hence increasing challenges for developers than before.
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By Geography, North America region accounted for the largest share for VR gaming in terms of revenue globally in 2017. The growth of Virtual Reality (VR) in Gaming Market in North American is attributed to accessibility of advanced gaming technology as well as acceptance and adoption of VR gaming products including head mounted displays. Further, Europe accounted for the second dominating region in 2017. However, Asia Pacific is projected to witness the highest growth during the forecast period attributed to constantly increasing online gamers in developing countries such as China and India and a strong gamers base in countries such as Japan, Korea, Singapore, Malaysia and Indonesia.
TOC of Virtual Reality (VR) in Gaming Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Virtual Reality (VR) in Gaming Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
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on Saturday October 27 2018, 7:30 AM EST.
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