Virtual Reality Gaming Market Size, Share, Growth, Segmentation, Research Report And Forecast 2023-2030

Published March 21, 2023

Virtual Reality (VR) in Gaming Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Content), By Device (Mobile, Console/PC, and Standalone), and Regional Forecast, 2021-2028

The Global Virtual Reality Gaming Market 2023 Size in 2023 was valued at USD 6.26 Billion in 2020 with a growth rate of 31.4% CAGR to a valuation of USD 53.44 Billion by 2028. North America accounted for the maximum share of over market in the year 2023

The global “Virtual Reality Gaming Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Virtual Reality Gaming Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period. The report evaluates the important characteristics of the market based on present industry scenarios, market demands, and business strategies. Also, the research report separates the industry based on the Virtual Reality Gaming Market share, types, applications, growth factors, key players, and regions.

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This report presents a comprehensive overview, market shares, and growth opportunities of theVirtual Reality Gaming Marketby product/service type, application, key manufacturers, and key regions and countries.

Report Contents

2023-2030 Historical Data

Pages 130

Tables 38

Figures 33

Key Questions Answered in This Report:

  • What is the potential of the Virtual Reality Gaming Market?
  • What is the impact of COVID-19 on the global Virtual Reality Gaming Market?
  • What are the top strategies that companies adopt in Virtual Reality Gaming Market?
  • What are the challenges faced by SMEs and prominent vendors in Virtual Reality Gaming Market?
  • Which region has the highest investments in Virtual Reality Gaming Market?
  • What are the latest research and activities in Virtual Reality Gaming Market?
  • Who are the prominent players in Virtual Reality Gaming Market?
  • What is the potential of the Virtual Reality Gaming Market?

Research Methodology

They are using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the globalVirtual Reality Gaming Market. In addition, the research takes into account vendor offers in order to categorize the market.

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Virtual Reality Gaming MarketTrends

The rising population, urbanization, and surging economies of developing nations is providing impetus to industry growth. The market players have been investing in research and development. The improved and innovative technologies will drive the market for virtual reality. The network connectivity is expected to improve sharply with the healthy adoption of 5G technology. The low latency and very high network speed will propel the market demand for virtual reality. The demand from security forces will further propel the virtual reality industry. This is because of the advantage of the three-dimensional simulation for the training of personnel along with the preparation and formulation of strategy for military missions.

Factors affecting the growth ofVirtual Reality Gaming Market (2023-2029):

  • Increasing adoption of VR technology: The widespread adoption of VR technology is driving the growth of the VR gaming market, as more people are using VR headsets for gaming.
  • Growing interest in immersive gaming experiences: There is a growing demand for immersive gaming experiences, and VR technology allows gamers to fully immerse themselves in a virtual world. This is driving the demand for VR gaming.
  • Increasing availability of VR content: The increasing availability of VR content is also driving the growth of the VR gaming market. As more VR games are released, more people are likely to try VR gaming.
  • Rising competition: The VR gaming market is becoming increasingly competitive, with a growing number of VR gaming companies and VR games being released. This is driving companies to innovate and offer unique VR gaming experiences to stand out in the market.
  • Technological advancements: Technological advancements such as the development of more advanced VR headsets and the integration of VR technology with other devices are also driving the growth of the VR gaming market.
  • Economic conditions: Economic conditions can also impact the growth of the VR gaming market. For example, during economic downturns, people may be less likely to spend money on VR gaming equipment and experiences.

Companies Key Players

  • Microsoft Corporation
  • Facebook LLC
  • Nvidia Corporation
  • HTC Corporation
  • Unity Technologies
  • Magic Leap Inc.
  • Firsthand Technology Inc.
  • Apple Inc.
  • Sony Corporation
  • Ubisoft Entertainment SA

Increasing Rate of Recovery of Financial Losses to Stimulate Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Virtual Reality Gaming Market within the estimated period. Virtual Reality Gaming Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Virtual Reality Gaming Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

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Report Highlights:

  • A comprehensive overview of theVirtual Reality Gaming Marketin 2023
  • Significant factors boosting, restricting, challenging, and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in theVirtual Reality Gaming Market 2023
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Table of Contents

1 Market Overview
1.1 Product Definition and Market Characteristics
1.2 Global Virtual Reality Gaming Market Size 2023
1.3 Market Segmentation
1.4 Global Macroeconomic Analysis
1.5 SWOT Analysis

Market Dynamics
2.1 Market Drivers
2.2 Market Constraints and Challenges
2.3 Emerging Virtual Reality Gaming Market Trends 2023
2.4 Impact of COVID-19
2.4.1 Short-term Impact
2.4.2 Long-term Impact

3 Associated Industry Assessment 2023
3.1 Supply Chain Analysis
3.2 Industry Active Participants
3.2.1 Suppliers of Raw Materials
3.2.2 Key Distributors/Retailers
3.3 Alternative Analysis
3.4 The Impact of Covid-19 From the Perspective of the Industry Chain

4 Market Competitive Landscape
4.1 Industry Leading Players
4.2 Industry News 2023
4.2.1 Key Product Launch News
4.2.2 Virtual Reality Gaming Market Expansion Plans

5 Analysis of Leading Companies

TOC Continued......

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