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Is VR still growing?

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Is VR still growing?

In 2020, there were more than 57 million VR users in the US. The number of virtual reality users has been growing at an extraordinary pace in the last six years. VR adoption stats for 2020 showed that there were 57.4 million VR users in the US and 90.9 million AR users.

Is VR growing or dying?

VR is growing not dying. There is a huge amount of invest still going into the market. With huge tech companies spending at lot of money developing it further. With Microsoft pushing there Mixed Reality Headsets, Google with Daydream, Sony with PSVR and more.

How large is the virtual reality market?

USD 15.81 billion
The global virtual reality market size was valued at USD 15.81 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.0\% from 2021 to 2028. Virtual Reality (VR) is a digitally created experience where a three-dimensional environment is simulated with the real-world.

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What is the future of virtual reality in 2016?

Deloitte, in one of its researches, have noted that 2016 is going to be a big year for VR, predicting that it will be a billion dollar industry, with $700 million resulting from hardware sales and the remaining amount from content. By 2020, it is expected that it will be worth more than $14.6 billion.

What is the market size of the virtual reality industry?

Report Overview The global virtual reality market size was valued at USD 15.81 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.0\% from 2021 to 2028. Virtual Reality (VR) is a digitally created experience where a three-dimensional environment is simulated with the real-world.

What is the current state of VR?

There are companies manufacturing their own VR headsets, but they are still not as big as other products that are meant to entertain. Aside from the limited options, one more thing that is worth noting about the current state of VR is the fact that content is limited, as well as the applications.

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What is the forecast period of VR market research report?

The global virtual reality (VR) market size was USD 3.10 billion in 2019 and is projected to reach USD 57.55 billion by 2027, exhibiting a CAGR of 44.3\% during the forecast period. The rising application of virtual reality across industries such as healthcare, automotive, manufacturing, entertainment and more is driving the market.