Virtual Reality Market Size to Grow by USD 75.57 billion | Alphabet Inc. and HTC Corp. Among Key Vendors | Technavio

July 18, 2022, 7:00 PM·5 min read

NEW YORK, July 18, 2022 /PRNewswire/ -- Virtual reality has various applications in industries such as retail, healthcare, automotive, gaming, and entertainment. This technology allows organizations to conduct virtual training, assistance, marketing, engineering and maintenance, designing, and simulation activities with their employees and workers.

Technavio has announced its latest market research report titled Virtual Reality Market by End-user and Geography - Forecast and Analysis 2021-2025

The virtual reality market size is expected to grow by USD 75.57 billion from 2020 to 2025. The growth of the market will be driven by factors such as the penetration of HMDs in the gaming and entertainment sector.

Request a Sample Report to understand the factors driving the market

Frequently Asked Questions:

At what rate is the market projected to grow?
The growth momentum of the market will accelerate at a CAGR of 55.34% during the forecast period.
What are the key market challenges?
The requirement for high speed and computation power is challenging the growth of the market.
What was the year-over-year growth rate of the market in 2021?
The year-over-year growth rate of the market in 2021 was 33.76%.
Is the virtual reality market concentrated or fragmented?
The virtual reality market is fragmented.

Virtual Reality Market 2021-2025: Scope

The virtual reality market report covers the following areas:

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Virtual Reality Market 2021-2025: Vendor Analysis

Alphabet Inc., Facebook Inc., Firsthand Technology Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., NVIDIA Corp., Unity Technologies Inc., Wevr, and WorldViz Inc. are some of the major market participants. The key offerings of a few of these vendors are listed below:

Alphabet Inc. - The company offers products such as Earth VR and Cardboard VR.
Firsthand Technology Inc. - The company offers VR for health and wellness, such as Cool and Glow.
HTC Corp. - The company offers products such as Vive Pro series, Vive Focus Series, and Vive COSMOS Series.
Magic Leap Inc. - The company offers products such as Magic Leap 1, a wearable device.
Microsoft Corp. - The company offers social VR under the brand AltspaceVR.

Virtual Reality Market 2021-2025: Segmentation

End-User
Geographic

Find out how each segment contributes to market growth. View our Sample Report

Virtual Reality Market 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist virtual reality market growth during the next five years
Estimation of the virtual reality market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the virtual reality market across North America, APAC, Europe, MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of virtual reality market vendors

Animation and Gaming Market by Application and Geography - Forecast and Analysis 2022-2026

Virtual Reality Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 55.34%
Market growth 2021-2025	USD 75.57 billion
Market structure	Fragmented
YoY growth (%)	33.76
Regional analysis	North America, APAC, Europe, MEA, and South America
Performing market contribution	APAC at 33%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Alphabet Inc., Facebook Inc., Firsthand Technology Inc., HTC Corp., Magic Leap Inc., Microsoft Corp., NVIDIA Corp., Unity Technologies Inc., Wevr, and WorldViz Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by End-user

Market segments
Comparison by End-user
Enterprise - Market size and forecast 2020-2025
Consumer - Market size and forecast 2020-2025
Market opportunity by End-user

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Alphabet Inc.
Facebook Inc.
Firsthand Technology Inc.
HTC Corp.
Magic Leap Inc.
Microsoft Corp.
NVIDIA Corp.
Unity Technologies Inc.
Wevr
WorldViz Inc.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/

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Virtual Reality Market Size to Grow by USD 75.57 billion | Alphabet Inc. and HTC Corp. Among Key Vendors | Technavio

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