The Virtual Reality in Gaming market was valued at XX Million US$ in 2018 and is projected to reach XX Million US$ by 2024, at a CAGR of XX% during the

How big will the market be for VR in 2020?

The global virtual reality market size was valued at USD 960.9 million in 2016 and expected an exponential growth over the forecast period from 2014-2025, said Grand View Research. The projected market potential benefits from diverse and affordable VR devices, and its ability to be incorporated into the widespread application from commercial to medical fields. The considerable market potential attracts many tech companies to share the big pie. Although the VR market is highly dynamic, the competition is also very intense, requiring the tech companies to upgrade their products consistently.

Image retrieved from Statista

Virtual reality is a hot topic in the field of science and technology. It is assumed that the cost of hardware and the complexity of production are the obstructions for the massive adoption of virtual reality. However, the experts from the VR industry have different opinions. Virtual reality is an underestimated field that could bring changes to medical therapy, professional training, and life experiences for both consumers and business beyond videos and games.

Image retrieved from Statista

Many of these innovations are promising us ways to change the way we live life in a more productive and connected manner. It’s estimated that in the 2020s these technologies will converge into a synergistic human man-machine.

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