Virtual Reality Global Market Report 2023: Evolving Applications in the Entertainment and Medical Sectors Drive Growth - ResearchAndMarkets.com
The global virtual reality market size is expected to reach USD 87.0 billion by 2030, growing at a CAGR of 13.8% from 2023 to 2030.
- The global virtual reality market size is expected to reach USD 87.0 billion by 2030, growing at a CAGR of 13.8% from 2023 to 2030.
- The increasing adoption of user immersion technology in industries such as education, industrial training, and healthcare, is expected to drive the growth.
- Additionally, internet penetration in the form of high-speed 5G networks has positively impacted the adoption of virtual reality technology due to fast and low-latency internet connections.
- The growing demand for training and research across industries such as education, aerospace & defense, automotive, and more is also driving the growth of the virtual reality industry.