VR is booming worldwide

New York/Houston (Texas) US analyst Zion Market Research predicts annual growth of 42.9% in the global virtual reality market. The analyst assumes that 2018 had a market value of 60 million US Dollars and, according to prognostic calculations, is likely to grow to 1478 million US Dollars by the end of 2027. Analyst Research N Reports, also based in the USA, also comes to a similar analysis of the current annual growth dynamics. This assumes annual growth of 43%  in the forecast period 2019 to 2025. However, due to various tailoring of the market segment, other market researchers have already reached a significantly higher current market value for virtual reality, but a similar assessment of the annual growth rate for the virtual reality market.

According to Research N Reports, virtual reality is primarily used in in-company training to impart skills for high-risk tasks and for the implementation of complex procedures.

Image: © WavebreakMediaMicro stock.adobe.com