Global Virtual Reality (VR) market 2017-2021

24 October 2017

According to a new report by Technavio, the global virtual reality (VR) market is expected to grow at a CAGR of almost 49% during the forecast period. Currently, the VR market is experiencing explosive growth worldwide.
With the increased popularity of 360-degree videos and VR gaming, the demand is growing. The launch of many new devices, such as Sony PlayStation VR and Oculus Rift, has led to an increase in VR adoption. The availability of low-cost VR cardboard devices is a major reason for the high popularity of the VR hardware sector. With the use of specialized sensors, software, and 3D sounds, vendors are offering users immersive VR experiences (Press Release Technavio, 25 September 2017).
Click here for the press release.
Click here for more information about the report.
Virtual Reality (VR) is the theme of the NVC General Meeting of Members on 30 November 2017. You are welcome to join us!

This news item is also included in our monthly overview, the NVC Members-only Update. If you have any questions, please contact us: info@nvc.nl, +31-(0)182-512411.