Saturday, May 26, 2018
 
Company News: Page (1) of 1 - 03/22/17 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

Virtual Reality (VR) Market to Exceed US$ 30.0 Bn by 2023 - Credence Research

(March 22, 2017)


"Credence Research Logo"
New Market Research Reports Title “Global Virtual Reality (VR) Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2024 ” Has Been Added to Credenceresearch.com Report Database.

According to a new market report published by Credence Research “Virtual Reality (VR) (Consumer (Gaming, and Entertainment), and Enterprise & Public Sector (Retail and Marketing, Engineering and Design, Healthcare, Military, and Others (Education, etc)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023” the virtual reality market is expected to exceed US$ 30.0 Bn by 2023, witnessing a double digit compound annual growth rate during the forecast period.

Browse the full Virtual Reality (VR) (Consumer (Gaming, and Entertainment), and Enterprise & Public Sector (Retail and Marketing, Engineering and Design, Healthcare, Military, and Others (Education, etc)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023 report at http://www.credenceresearch.com/report/virtual-reality-market

Market Insights

The virtual reality (VR) technology traces its roots to the latter half of the previous century. In spite of being around for decades, the technology did not receive the expected acceptance in the initial years. However, after all years of hype surrounding the latent potential of the technology, it is expected to become mainstream in the coming years. We expect VRs capability to improve during the forecast period 2016 - 2023 with further improvements in processors, screen resolutions, content development for specific formats.

Competitive Insights:

The global virtual reality market is highly fragmented across different end-use segments, requiring manufacturers and technology developers to understand unique differences and requirements of each industry separately. The leading top 4 players in the global virtual reality market account for less than 45 percent of the global market revenue. Some of the leading players identified in the global virtual reality market include Oculus VR, Inc. (Facebook Inc., the U.S.), Sony Corporation (Japan), Samsung Electronics, Co. Ltd. (South Korea), Vuzix Corporation (the U.S.), Sensics, Inc. (the U.S.), Microsoft Corporation (the U.S.), EON Reality, Inc. (the U.S.), and Sixense Entertainment, Inc. (the U.S.) among others.

The global virtual reality market also includes large number of niche players, which account for trivial market share individually. The global virtual reality market is supported by technology development and innovation. The competitive rivalry among current market players is comparatively high.

Browse the full report at http://www.credenceresearch.com/report/virtual-reality-market

Key Trends:

Growing demand for virtual reality-based wearable displays (ex - head mounted displays) in consumer applications

Declining price of hardware components

Proliferation of mobile devices and advancements in their computational capabilities

Hand tracking, head tracking, and eye tracking functionalities have become more commonplace in consumer VR devices

Emergence of VR app store

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

Request Free Sample: http://www.credenceresearch.com/sample-request/57899

Blog: http://marketresearchandstrategies.blogspot.com/2016/07/virtual-reality-market-vr-market-to.html

Media Contact

Company Name: Credence Research, IncContact Person: Chris Smith, Global Sales Manager


Email: sales@credenceresearch.com
Phone: +1-800-361-8290
Address:105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/virtual-reality-market



Source: www.abnewswire.com


Page: 1


Related Keywords:Business,Media & Communications,Technology,Telecom,U.S,

 
 
 
 
 
 
 
 






Our Privacy Policy --- About VR Developer Net - Contact Us - Advertise With Us - Privacy Guidelines