Research Nester published a report titled “Virtual Reality in Gaming Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global virtual reality in gaming market in terms of market segmentation by devices, component, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global virtual reality in gaming market is anticipated to grow with a CAGR of ~31% during the forecast period, i.e., 2023-2033. The market is segmented by devices segment into console/Personal Computer (PC), mobile, and standalone. Out of these segments, the devices segment into console/PC, mobile, and standalone. Amongst these segments, the console/PC segment is anticipated to garner the largest market share over the forecast period, owing to the increasing number of gamers using console. In addition, increasing use of PC for gaming is also expected to boost the growth of the segment in the coming years.
The global virtual reality in gaming market is estimated to garner a moderate revenue by the end of 2033, backed by the increasing number gamers worldwide. Various features provided by virtual reality in gaming, including being a believable virtual world which is immersive, interactive, are also projected to boost sales of these games in the coming years. Moreover, rising demand foe VR systems as well as increasing sales of VR headsets is also projected to propel the growth of the market during the forecast period.
Geographically, the global virtual reality in gaming market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the rising number of gamers.
Apart from this, the market in North America is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Virtual Reality to Drive the Market Growth
According to the data, around 17% of the United States population had used VR at least once per month in 2021.
The adoption of virtual reality is expected to accelerate the market growth in the coming years, as VR gaming provides a sense of freedom of movement and feelings of immersion within the virtual environment to the users. Moreover, the increasing technological advancements as well as the growing number of female gamers are also expected to drive the growth of the global virtual reality in gaming market during the forecast period.
However, the creation of VR games and devices are expensive as well as labor-intensive also available VR devices are incompetent in providing full-fledged experiences are expected to operate as key restraints to the growth of global virtual reality in gaming market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global virtual reality in gaming market which includes company profiling of Google Inc., HTC Corporation, Nintendo Co., Ltd., Samsung Electronics Co. Ltd., Fove Inc., Sony Interactive Entertainment LLC, Razer Inc., Microsoft Corporation, Sega Corporation, and Electronic Arts Inc., VR World Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global virtual reality in gaming market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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