Virtual Reality is on the rise

New York | In his market analysis “Virtual Reality Market: Global Demand Analysis & Opportunity Outlook 2021”, the US market researcher Research Nester assumes average annual growth of 42.78 %. The analysis covers the period 2015 to 2021 and was recently supplemented by analysts with current market data. The forecast is that a market value of more than 40 million US dollars will be achieved in 2021. At the same time, research nester forecasts that the North American market will grow by more than 40 % per year. The analyst expects the highest growth worldwide in the Asia-Pacific region.

The analyst Research Nester is certain that the significantly increased distribution of smartphones will contribute to the growth of the global VR market. The analyst continues by pointing out that smartphone-compatible VR content is particularly popular, saying that if 9.7% of the world’s population had access to a smartphone in 2011, this figure had risen to 37% by 2018. But according to Research Nester, increased demand is also the reason for VR’s upcoming market growth – whether among consumers in the gaming segment or in industries such as healthcare and doctor training.

The still high prices in the VR market would have a restraining effect on the market. A market price of 550 to 900 dollars per pair of VR glasses, for example, is not uncommon.

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