Virtual Reality Market Size, Share & Trends Analysis Report By Device, By Technology, By Component, By Application, By Region And Segment Forecasts, 2020 - 2027
Virtual Reality Market Size, Share & Trends Analysis Report By Device (HMD, GTD), By Technology (Semi & Fully Immersive, Non-immersive), By Component, By Application, By Region, And Segment Forecasts, 2020 - 2027
New York, July 01, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Virtual Reality Market Size, Share & Trends Analysis Report By Device, By Technology, By Component, By Application, By Region And Segment Forecasts, 2020 - 2027" - https://www.reportlinker.com/p05916328/?utm_source=GNW
Virtual Reality Market Growth & Trends
The global virtual reality market size is expected to reach USD 62.1 billion by 2027. The market is anticipated to expand at a CAGR of 21.6% from 2020 to 2027. In recent years, technological advancements have paved the way for experiencing real-world life in a digital environment through Virtual Reality (VR) and Augmented Reality (AR).
Driven by artificial intelligence and automation, virtual reality is redefining the strategies taken by organizations in their course of operations.It is delimited as the application of computer technology to build a simulated environment that brings a digital world to the users.
Smartphone, coupled with headsets, has been the most prevalent use of delivering digitally immersed experiences for years now. However, VR has shown some compelling industrial use cases, such as real-estate and tourism applications.
COVID - 19 outbreak is likely to give rise to VR-enabled tools and platforms. For instance, George Washington University Hospital (U.S.) is using VR technology to see into the patient’s lungs in the fight against the coronavirus. Moreover, VR platforms are offering solutions ...
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