Insights on the Virtual Reality in Gaming Global Market to 2027 - By Component, Device, User, Region and Segment Forecasts

DUBLIN, July 14, 2020 /PRNewswire/ -- The "Virtual Reality In Gaming Market Size, Share & Trends Analysis Report By Component, By Device, By User (Commercial Space, Individual), By Region, And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global virtual reality in gaming market size is expected to reach USD 92.31 billion by 2027, expanding at a CAGR of 30.2% over the forecast period. The intensifying demand for technologically progressive electronic games amongst millennials is anticipated to drive the market growth from 2020 to 2027.

There is a significant demand for recreation activities in a Three-Dimensional (3D) environment using compact virtual reality gaming devices in the younger generations. The preference for enhanced experience using immersive technology into VR simulation of 3D surroundings is expected to drive the market growth. Continual innovations in the VR space and development of wide-ranging virtual reality games have enticed the gaming enthusiasts worldwide. Enriched gaming involvement owing to the interactive video games, alluring VR accessories, and realistic 3D recreational environments is anticipated to encourage the market growth from 2020 to 2027.

Startups are making the most of crowdfunding in the virtual reality space to develop innovative wearables, accessories, and software for recreation. For instance, Cyan, Inc., a U.S. based gaming studio, launched a new crowdfunding campaign in March 2019 for their VR-enabled game named Firmament.' Moreover, the advent of fifth generation (5G) network technology is poised to further augment the VR in gaming experience due to the low latency, improved reliability, and high density offered by the 5G technology.

The technology also enables the integration of virtual reality with cloud solutions. Telecom solution providers are partnering with the market players in the gaming industry to enhance the VR-based offerings. For instance, in April 2019, AT&, Inc. partnered with NVIDIA Corporation; HTC Corporation; PlayGiga; and Arvizio, Inc. to develop its 5G network apt for VR games. These technical advancements are expected to drive the industry growth.

Virtual Reality In Gaming Market Report Highlights

• Companies are profoundly investing in the research and development of commercial VR accessories that can be connected to smartphones, desktops, and gaming console
• The hardware component segment is expected to expand at the highest CAGR over the forecast period, owing to the high procurement expenses and rapid advancements in wearables and accessories such as virtual reality bodysuit, gloves, input devices, and masks
• The Brazilian, Mexican, and Indian markets are expected to observe a significant surge in the growth, due to a combination of factors including the number of millennials, rising disposable income of buyers, enthusiastic gamers, rapid smartphone penetration, and growing console sales that makes the regions a rewarding market for VR-based games

Key Topics Covered:

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Virtual Reality in Gaming - Market Snapshot & Key Buying Criteria, 2016 - 2027

Chapter 3. Virtual Reality in Gaming Industry Outlook
3.1. Market Segmentation & Scope
3.2. Virtual Reality in Gaming Market Size and Growth Prospects
3.3. Virtual Reality in Gaming - Value Chain Analysis
3.4. Virtual Reality in Gaming - Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising demand of gaming by youth population
3.4.1.2. Increasing disposable income of buyers in developing countries
3.4.1.3. Increasing competitiveness in the virtual reality in gaming space
3.4.2. Market restraint analysis
3.4.2.1. Lack of awareness and high prices of technology
3.4.2.2. Huge initial investment & connecting device compatibility constraints
3.4.2.3. Spatial discomfort & risk of other ailments
3.5. Key Opportunities - Prioritized
3.6. Industry Analysis - Porter's
3.7. Market Share Analysis, 2019
3.8. Virtual Reality in Gaming - Networking devices
3.9. Virtual Reality in Gaming - PEST Analysis
3.10. VR Accessories - Specifications
3.10.1. Head Mounted Display (HMDs)
3.10.2. Motion sensing Connecting devices
3.10.3. Treadmills for VR gaming
3.10.4. VR gloves, masks, backpacks
3.10.5. VR bodysuits

Chapter 4. Component Type Estimates & Trend Analysis
4.1. Component Type Outlook - Key Takeaways
4.2. Virtual Reality in Gaming Market: Component Type Movement Analysis
4.3. Gaming Software
4.3.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
4.3.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)
4.4. Gaming Hardware
4.4.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
4.4.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)

Chapter 5. Connecting device Estimates & Trend Analysis
5.1. Connecting device Outlook - Key Takeaways
5.2. Virtual Reality in Gaming Market: Connecting Device Type Movement Analysis
5.3. Gaming Consoles
5.3.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
5.3.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)
5.4. Desktops
5.4.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
5.4.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)
5.5. Smartphones
5.5.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
5.5.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)

Chapter 6. User Estimates & Trend Analysis
6.1. User Outlook - Key Takeaways
6.2. Virtual Reality in Gaming Market: User Movement Analysis
6.3. Commercial space
6.3.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
6.3.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)
6.4. Individual
6.4.1. Market estimates & forecasts, 2016 - 2027 (USD Million)
6.4.2. Market estimates & forecasts by region, 2016 - 2027 (USD Million)

Chapter 7. Regional Estimates & Trend Analysis
7.1. Regional Outlook - Key Takeaways
7.2. Virtual Reality in Gaming Market Share by Region, 2016 & 2027
7.3. North America
7.4. Europe
7.5. Asia Pacific
7.6. Latin America
7.7. Middle East & Africa (MEA)

Chapter 8. Competitive Landscape
8.1. Company Profiles
8.1.1. Sony Corporation
8.1.1.1. Company overview
8.1.1.2. Financial performance
8.1.1.3. Product benchmarking
8.1.1.4. Strategic initiatives
8.1.2. Microsoft Corporation
8.1.2.1. Company overview
8.1.2.2. Financial performance
8.1.2.3. Product benchmarking
8.1.2.4. Strategic initiatives
8.1.3. Nintendo Co. Ltd.
8.1.3.1. Company overview
8.1.3.2. Financial performance
8.1.3.3. Product benchmarking
8.1.3.4. Strategic initiatives
8.1.4. Linden Labs
8.1.4.1. Company overview
8.1.4.2. Financial performance
8.1.4.3. Product benchmarking
8.1.4.4. Strategic initiatives
8.1.5. Electronic Arts
8.1.5.1. Company overview
8.1.5.2. Financial performance
8.1.5.3. Product benchmarking
8.1.5.4. Strategic initiatives
8.1.6. Facebook/Oculus VR
8.1.6.1. Company overview
8.1.6.2. Financial performance
8.1.6.3. Product benchmarking
8.1.6.4. Strategic initiatives
8.1.7. Samsung Electronics Co. Ltd.
8.1.7.1. Company overview
8.1.7.2. Financial performance
8.1.7.3. Product benchmarking
8.1.7.4. Strategic initiatives
8.1.8. Google Inc.
8.1.8.1. Company overview
8.1.8.2. Financial performance
8.1.8.3. Product benchmarking
8.1.8.4. Strategic initiatives
8.1.9. HTC Corporation
8.1.9.1. Company overview
8.1.9.2. Financial performance
8.1.9.3. Product benchmarking
8.1.9.4. Strategic initiatives
8.1.10. Virtuix Omni
8.1.10.1. Company overview
8.1.10.2. Financial performance
8.1.10.3. Product benchmarking
8.1.10.4. Strategic initiatives
8.1.11. Leap Motion
8.1.11.1. Company overview
8.1.11.2. Financial performance
8.1.11.3. Product benchmarking
8.1.11.4. Strategic initiatives
8.1.12. Telsa Studios
8.1.12.1. Company overview
8.1.12.2. Financial performance
8.1.12.3. Product benchmarking
8.1.12.4. Strategic initiatives
8.1.13. Qualcomm Incorporated
8.1.13.1. Company overview
8.1.13.2. Financial performance
8.1.13.3. Product benchmarking
8.1.13.4. Strategic initiatives
8.1.14. Lucid VR
8.1.14.1. Company overview
8.1.14.2. Financial performance
8.1.14.3. Product benchmarking
8.1.14.4. Strategic initiatives

For more information about this report visit https://www.researchandmarkets.com/r/ydgsn6

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