Market Research

Virtual Reality Services Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Virtual reality (VR) is an artificial environment created with software that is presented to the user in such a way that the user stops believing and accepting it as a real environment.

Sizing and Forecast

The virtual reality services market size has grown rapidly in recent years. It will grow from <b>$10.02 billion in 2023 to $11.22 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. </b> The  growth in the historic period can be attributed to increasing demand in gaming and entertainment, corporate adoption and training, reduced costs and accessibility, content creation and industry investment, cinematic and media experiences.

The virtual reality services market size is expected to see rapid growth in the next few years. It will grow to <b>$18.54 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. </b> The growth in the forecast period can be attributed to 5g technology integration, enterprise and industrial applications, healthcare and therapeutic use, immersive social experiences, augmented reality integration. Major trends in the forecast period include vr in e-commerce and retail, location-based entertainment, travel and tourism experiences, cross-industry collaboration, virtual social spaces.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/virtual-reality-services-global-market-report

Segmentation & Regional Insights

The virtual reality services market covered in this report is segmented –

1) By Type: Hardware, Software

2) By Basis of Service: Consulting, Training, Implementation, Integration, Operation, Maintenance

3) By Application: Healthcare, Education, Real Estate, Advertising, Travel, Gaming, Entertainment, Other Applications

<b>Asia-Pacific</b> was the largest region in the virtual reality services market in 2023. <b>North America</b> was the second largest region in the virtual reality services market. The regions covered in the virtual reality services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3200&type=smp

Major Driver Impacting Market Growth

The virtual reality services in telehealth is a key factor driving the growth of the virtual reality services market. To support COVID-19 patients, thousands of doctors and nurses will require advanced skills, which will be supported by VR-powered tools to cope in a simulated world with an anticipated influx of COVID-19 patients. Training services by virtual reality designed particularly for coronavirus pathology scenarios are highly beneficial and realistic in today’s situation and enable medical students, doctors, and nurses to quickly apply studied principles and procedures to the real world. For instance, the XRHealth application allows the hospitals to treat incoming coronavirus victims who are in hospital quarantine and it allows the physicians to monitor them when they return home. Therefore, the increasing necessity of virtual reality services in telehealth is expected to drive the significant virtual reality services market growth.

Key Industry Players

Major companies operating in the virtual reality services market include <b>Skywell Software LLC, LittlStar’s, Creative Solutions, Gramercy Tech LLC, HQSoftware LLC, Program-Ace LLC, Groove Jones LLC, Xicom Technologies Ltd., Zco Corporation, The Intellify, Quy Technology Pvt. Ltd., Fluper Ltd., JPLoft Solution, Credencys Solutions Inc., HorizonCore Infosoft Pvt. Ltd., Quytech Company, Hedgehog lab Ltd., IndiaNIC Infotech Limited, Chetu Inc., Vakoms LLC, Delta Reality, Dyfuzja Software Development Co., Cortex Inc., Chocolate Milk & Donuts LLC, NARSUN Studios, Setapp Inc., Oodles Technologies Pvt. Ltd., Infotrum LLC, Sumeru Inc., NewGenApps, HTC Corporation, Sony Group Corporation, Oculus VR LLC, Google LLC, Samsung Electronics Co. Ltd., Lenovo Group Ltd., Meta Platforms Inc., NVIDIA Corporation, Apple Inc., Amazon Inc., Unity Technologies Inc., Unreal Engine 3D, Autodesk Inc., Eon Reality Inc., 3D Systems Corporation, Dassault Systèmes SE, Pico Interactive Inc., StarVR Corporation, FOVE Inc.</b>

The virtual reality services market report table of contents includes:

 

  1. Executive Summary
  2. Virtual Reality Services Market Characteristics
  3. Virtual Reality Services Market Trends And Strategies
  4. Virtual Reality Services Market – Macro Economic Scenario
  5. Global Virtual Reality Services Market Size and Growth

.

.

.

  1. Global Virtual Reality Services Market Competitive Benchmarking
  2. Global Virtual Reality Services Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Virtual Reality Services Market
  4. Virtual Reality Services Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Skywell Software LLC
  • LittlStar’s,
  • Creative Solutions
  • Gramercy Tech LLC
  • HQSoftware LLC

Explore the trending research reports from TBRC:

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info  

Facebook: https://www.facebook.com/TheBusinessResearchCompany  

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/  

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Global Lipid Disorder Treatment Market Analysis 2024: Size Forecast and Growth Prospects

The lipid disorder treatment global market report 2024from The Business Research Company provides comprehensive market…

46 seconds ago

Emergency Department Information System Market Size, Future Trends And Forecast Report 2024-2033

The emergency department information system global market report 2024from The Business Research Company provides comprehensive…

19 mins ago

Ecotoxicological Studies Market Outlook, Industry Size And Forecast 2024-2033

The ecotoxicological studies global market report 2024 from The Business Research Company provides comprehensive market…

24 mins ago

Cytotoxic Drugs Market Size, Trends, Growth Report 2024-2033

The cytotoxic drugs global market report 2024 from The Business Research Company provides comprehensive market…

29 mins ago

Combat Management System Market Share, Analysis And Global Industry 2033

The combat management system global market report 2024from The Business Research Company provides comprehensive market…

33 mins ago

Clinical Trial Imaging Market Growth Drivers, Major Players And Forecast 2033

The clinical trial imaging global market report 2024from The Business Research Company provides comprehensive market…

41 mins ago