Newegg

VR On Course To Become $120 Billion Industry By 2026: Forecast

The global virtual reality market will become a $120 billion industry in just five years. That is according to a new market forecast from Fortune Business Insights. FBI is not the only one optimistic about the VR market’s prospects, but it is worth pointing out this forecast does appear to be among the most confident such predictions that we have seen since last year.

Of course, the unique challenges that have emerged over the course of this year hardly are not really expected to burden the global VR market. If anything, more people spending more time at home will be good news for VR consumer electronics in the coming years. For even more context, FBI estimates the global VR market amounted to “just” $7.3 billion two years ago. Enterprise applications will also be a big influence on this upward trajectori, FBI forecasts. Healthcare and education are also projected to chip in.

North America should still be VR’s number one market five years from now, FBI believes. Taken together, this forecast hence predicts a compound yearly growth rate of more than 42%. The report, published today, covered 14 major VR companies, including industry leaders Oculus, Sony, and HTC. So, exciting times are ahead for VR fans, indeed.

More From RunAroundTech.com

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE FROM RUNAROUNDTECH.COM

The Aimzone Large Gaming Mouse Pad: Ultimate Desk Accessory for Gamers

The Aimzone Large Gaming Mouse Pad is the ultimate desk accessory for gamers, providing ample space for precise movements and optimal gameplay.

Unrivaled Victory: Corsair M75 Wireless RGB Mouse

The Corsair M75 Wireless RGB Mouse offers unrivaled precision and performance for gamers seeking the ultimate competitive edge.

Most Popular

The Aimzone Large Gaming Mouse Pad: Ultimate Desk Accessory for Gamers

The Aimzone Large Gaming Mouse Pad is the ultimate desk accessory for gamers, providing ample space for precise movements and optimal gameplay.

Unrivaled Victory: Corsair M75 Wireless RGB Mouse

The Corsair M75 Wireless RGB Mouse offers unrivaled precision and performance for gamers seeking the ultimate competitive edge.

Take your gaming or streaming to new heights with the Corsair Virtuoso Pro

Corsair's release of the Virtuoso Pro open-back gaming/streaming wired headset is perfect for anyone looking for complete, uncompromising audio clarity and quality in a headset.