Virtual Reality For Consumer Market  - Greater Growth Rate during forecast 2018 - 2027 | COVID-19 Effects

 

Market Scenario

The companies such as Alibaba Group Holding Limited (China), Amazon, Inc. (U.S.), Facebook Inc. (U.S.), Google LLC (U.S.), and HTC Corporation (Taiwan), are leading providers of virtual reality for consumer in the global market. In 2016, Alibaba Group Holding Limited has went into the strategic partnership with HTC Corporation to offer virtual reality solutions for customers across the world. With the increasing demand of advanced cloud computing technology, the companies such as Facebook (U.S.), Google LLC (U.S.), are concentrating more towards leveraging cloud to solve bandwidth allocation, data transmission and data processing.

Adoption for next generation of virtual reality and advanced cloud are the driving factors for the Virtual Reality for Consumer Market growth in the coming years. The consumers are widely using online applications which is based on virtual reality for different purposes such as travelling, entertainment, events, and others. The latest technologies such as 3D, 4K, and 8K are boosting the growth of virtual reality for consumer market. For instance, consumers are moving towards virtual reality in gaming with high definition, stunning graphics and motion with high-end audio.

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Key Players:

Some of the prominent players in the global virtual reality for consumer market: Alibaba Group Holding Limited (China), AltspaceVR (U.S.), Amazon.com, Inc. (U.S.), Binary VR Inc. (U.S.), Bitmovin (Austria), Facebook, Inc. (U.S.), Google LLC (U.S.), HTC Corporation (Taiwan), Leap Motion, Inc. (U.S.), Microsoft Corporation (U.S), nDreams, Ltd. (U.S.), NextVR, Inc. (U.S.), Nvidia Corporation (U.S.), Pixvana, Inc. (U.S.), and Sony Corporation (Japan) among others.

Segmentation:

The global virtual reality for consumer market is segmented into component, technology, deployment application, stimulations, and region. The components are segmented as hardware (head-mounted displays, VR accessories), software and solutions. The technology is segmented into 3D audio, 3D depth sensors, 4K and 8K video, adaptive streaming, computer vision and others. The stimulations are segmented into gesture control, hand tracking, optical tracking, positional tracking and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world. North America is one of the leading region across the world in terms of market share. The virtual reality for consumer market in this region has huge demand as these virtual reality technology with eye tracking, foveated rendering, frame tearing and others are widely used in providing virtual reality for consumer solution. The virtual reality for consumer market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging market for virtual reality for consumer market is expected to be the highest CAGR in the coming years.

The global virtual reality for consumer market is expected to reach USD ~4 billion by 2023, at a CAGR of ~19% during the forecast period 2018-2023

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Intended Audience

  • Virtual reality for consumer companies
  • Virtual reality for consumer providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

TABLE OF CONTENTS

LIST OF TABLES

TABLE 1 VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 2 VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

TABLE 3 VIRTUAL REALITY FOR CONSUMER MARKET, BY STIMULATIONS

TABLE 4 VIRTUAL REALITY FOR CONSUMER MARKET, BY REGION

TABLE 5 NORTH AMERICA VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 6 NORTH AMERICA VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

TABLE 7 NORTH AMERICA VIRTUAL REALITY FOR CONSUMER MARKET, BY STIMULATIONS

TABLE 8 U.S. VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 9 U.S. VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

TABLE 10 US. VIRTUAL REALITY FOR CONSUMER MARKET, BY STIMULATIONS

TABLE 11 CANADA VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 12 CANADA VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

TABLE 13 CANADA VIRTUAL REALITY FOR CONSUMER MARKET, BY STIMULATIONS

TABLE 14 MEXICO VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 15 MEXICO VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

TABLE 16 MEXICO VIRTUAL REALITY FOR CONSUMER MARKET, BY STIMULATIONS

TABLE 17 EUROPE VIRTUAL REALITY FOR CONSUMER MARKET, BY COMPONENT

TABLE 18 EUROPE VIRTUAL REALITY FOR CONSUMER MARKET, BY TECHNOLOGY

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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Created: 25/11/2021 13:58:51
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