Virtual reality market to be worth over 210 billion Euros by 2029 says market report

Virtual reality market to be worth over 210 billion Euros by 2029 says market report
Market researcher, Fortune Business Insights, predicts that the market share for virtual reality technology will be more than 210 billion Euros by 2029, with a compound annual growth rate of 45.2% during the forecast period of 2022-2029.

In 2021, the virtual reality market size was estimated to be worth 10.75 billion Euros, with the report citing growing demand for live virtual entertainment to drive the market growth from 2022-2019. The growing capacity to offer immersive entertainment is also believed to fuel demand for head mounted displays.

The Europe region is earmarked to see considerable growth throughout the forecast period, with Asia Pacific also demonstrating rapid growth due to rising demand for immersive technologies in developing nations. China is estimated to dominate the market share in the APAC region, as one of the major distributors and manufacturers of head mounted displays and other hardware.

Photo credit: Shutterstock.com, Lemonsoup14 






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