VR Gaming – Market Trends, Drivers, and Growth Prospects until 2021

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According to Technavio’s latest market research study, the global VR gaming market is expected to grow at a CAGR of around 67% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global VR gaming market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the product type

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The top three revenue contributing product segments are discussed below:

Global VR gaming market by PCs: The high growth of the global VR gaming market by PCs is attributable to the availability of advanced gaming experiences. For instance, in the game Elite Dangerous, players wear Oculus Rift that allows them to experience, interact, and control the actions in the virtual world with the help of virtual controllers.

A large segment of the global population owns PCs. As a result, there is a high demand for VR gaming that is compatible with PCs. The global market for VR gaming by PCs is projected to account for a revenue of almost USD 14 billion by 2021,” says Ujjwal Doshi, a lead analyst at Technavio for research on media and entertainment services.

Global VR gaming market by consoles: The global VR gaming market by consoles has immense potential for growth. The market is projected to benefit from the introduction of different virtual accessories to support console games in the coming years. The increasing launch of VR-specific gaming content during the forecast period is also expected to reflect positively on the growth of the market.

Global VR gaming market by mobile devices: The mobile device segment is likely to experience the highest growth during the forecast period. The integration of VR technology in mobile devices and related games is one of the latest trends witnessed in the market. Leading vendors such as Samsung and Google have integrated VR headsets Samsung Gear VR and Google Cardboard, respectively, in some of their smartphones.

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The top vendors operating in the global VR gaming market are:

  • Oculus VR
  • Samsung
  • HTC
  • Google
  • Sony
  • ZEISS International
  • Razer
  • FOVE

Other prominent vendors in the market include Activision Blizzard, Disney, Electronic Arts, AMD (Advanced Micro Devices), Facebook, GoPro, NVIDIA, and Qualcomm Technologies.

A more detailed analysis is available in the Technavio report titled, ‘Global VR Gaming Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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