Global Location-based Virtual Reality (VR) Market Report 2019-2023 Featuring Exit Reality, HTC, IMAX., The VOID, and VRstudios - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 22, 2019--
The “Global Location-based Virtual Reality (VR) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The location-based virtual reality (VR) market will register a CAGR of almost 36% by 2023.
A major factor that is expected to drive the growth of the global location-based VR market is the significant increase in the implementation of VR technology by means of VR headsets and other VR devices such as motion controllers for gaming applications.
Furthermore, products such as 0culusTouch controllers conform to the gamers hands, enabling finger recognition and gesture-controlled gaming, thus enhancing the gaming experience. These technological innovations are expected to fuel the adoption of VR in gaming, which will support the growth of the global location-based VR market during the forecast period.
Growing investment in VR technology
With the growing investments in VR technology and the growing adoption of VR, the global location-based VR market will grow significantly during the forecast period. As a result of its growing popularity, investors are coming forward to invest in VR technology. For instance, more than 25 venture firms and corporates have started the VR Venture Capital Alliance to encourage the growth of VR technology.
High VR content development cost
A VR project is a combination of several different components. Hence, there are several cost factors to be considered while developing VR content. They include the costs incurred during the creation and distribution of VR content and the cost of hardware and software. The high pricing of content development will hinder the growth of the global location-based VR market as the high content prices can lead to high ticket prices for consumers availing location-based VR services.
The market appears to be fragmented and with the presence of several companies including The VOID LLC and VRstudios the competitive environment is quite intense. Factors such as the increase in the implementation of VR technology and growing investments in VR technology, will provide considerable growth opportunities to location-based virtual reality (VR) manufactures.
Exit Reality, HTC Corp., IMAX Corp., The VOID LLC, and VRstudios Inc are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/kv88vc
View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005670/en/
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Related Topics:Location Based Services,Virtual and Augmented Reality
INDUSTRY KEYWORD: TECHNOLOGY AUDIO/VIDEO
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/22/2019 12:34 PM/DISC: 05/22/2019 12:34 PM