LONDON–(BUSINESS WIRE)–The world location-based virtual reality (VR) marketplace is predicted to submit a CAGR of just about 36% all through the duration 2019-2023, in step with the most recent marketplace research document by means of Technavio. Request a loose pattern document
Location-based VR permits shoppers to revel in VR at reasonably priced costs. In addition, the expanding adoption of VR technology is predicted to scale back the cost of VR elements equivalent to VR headsets and joysticks all through the forecast duration. Therefore, the rising call for coupled with the lowering value of shows is leading to a decline within the moderate promoting worth (ASP) of VR headsets. These components are anticipated to pressure the expansion of the worldwide location-based virtual reality (VR) marketplace all through the forecast duration.
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As consistent with Technavio, the rising approval for 360-degree content material could have a favorable affect in the marketplace and give a contribution to its expansion considerably over the forecast duration. This research document additionally analyzes different vital developments and marketplace drivers that can have an effect on marketplace expansion over 2019-2023.
Global Location-Based Virtual Reality (VR) Market: Growing Popularity of 360-Degree Content
Advances in VR technology coupled with the improvement of 3-D, 4D, and 5D technologies have resulted in the emergence of 360-degree movies. These movies allow audience to observe a unmarried scene from all angles. Several game publishers are that specialize in integrating 360-degree content material with VR games to offer an immersive gaming revel in to users. With the emerging call for for immersive environments within the gaming business, the expansion of the worldwide location-based virtual reality (VR) marketplace will achieve momentum all through the forecast duration.
“Use of inside-out tracking in VR headsets and the increasing adoption of location-based VR in eSports will further boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Location-Based Virtual Reality (VR) Market: Segmentation Analysis
This marketplace document segments the world location-based virtual reality (VR) marketplace by means of software (VR arcades, VR cinemas, and VR theme parks) and geography (APAC, Europe, MEA, North America, and South America).
The APAC area led the marketplace in 2018, adopted by means of North America, Europe, MEA, and South America respectively. During the forecast duration, the APAC area is predicted to deal with its dominance over the marketplace. This is because of the robust presence of native and world players that expand VR instrument and within the area.
Technavio’s pattern stories are without cost and include more than one sections of the document, such because the marketplace measurement and forecast, drivers, demanding situations, developments, and extra.
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Some of the important thing subjects lined within the document come with:
- Market ecosystem
- Market traits
- Market segmentation research
- Market definition
- Market measurement and forecast
Five Forces Analysis
- Geographic comparability
- Key main international locations
- Landscape disruption
- Competitive situation
- Vendors lined
- Vendor classification
- Market positioning of distributors
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