Immersive Media Solutions Market Set for Rapid Growth and Trend by 2025
Brandessence Market Research is working on a new report title “Immersive Media solutions Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025. Increasing the demand for the virtual reality environments in the media, entertainment and gaming industry with the help of advanced technological tools in the digital and virtual worldsis important factor driving the growth ofImmersive Media solutionsmarket.
Immersive Media solutions market is valued at USD 18.49 Billion in 2018 and expected to reach USD 929.39 Billion by 2025 with the CAGR of 75% over the forecast period.
Immersive Media solutionis the combination ofAugmented Reality, Virtual Reality, Mixed Reality and 3600 video visual. Thus it provides the experience of multi dimensional sound and haptic feedback, on the standard media in virtual reality with technology. The evolution of technology has possibility to combine three dimensions of human sensory capabilities to create an immersive experience. Immersive mediatechnologies consist of ecosystem with five parameters like, application developers,hardware, technology & platform developer’s content producers, and system integrators.
Key players for global Immersive Media solutionsmarket reports –
Global Immersive Media solutions market reports cover prominent players like Zeality, VORTEX, NCTech Limited,eyeSphere,and many others.
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Vortex immersion had launched a 2,500-seater dome VR multiplex for headset-free experiences
News: 19Feb 2019:-Vortex immersive entertainment company has opted to offer a new option to experience virtual reality without usingthe troublesome headsets. The company had launched a 360-degree dome-shaped multiplex with around 2,500 audiences capacity based theatre at Phoenix, Arizona. For that purpose Vortex has become made partnership withthe Sollanna Group, to build the domeplex and has planned to open in 2020.
Segmentation Analysis:
The global Immersive Media solutionsare segmented on the basis ofdeployment,technology, end-user, region and country level.
Depending on thedeployment, the global location based virtual reality market is divided into on-premise and cloud based. Among this,cloud-based segment has highest market share owing to increasing demand for cloud computing in the SMEs, and large corporations.
On the basis of technology, the global immersive Media solutions market is classified as virtual reality, augmented reality, mixed reality and 360 degreevideos content. Among this, virtual reality segment has largest market share in 2019 owing to rising new product launch andrising partnerships related to entertainment. For instance VRstudios and SpringboardVR, a leadingdistribution platform for VR Arcade and content marketplace operators has been made partnership to deliver multiplayer Virtual Reality (VR) systems for Location-Based Entertainment (LBE) businesses.
Immersive Media solutions Market Regional Analysis –
North America is expected to dominate the growthImmersive Media solutionsmarket with the potential rate owing to increase in penetration of media and entertainment (M&E) industry in this region followed by Europe.As per the International Trade Administration (ITA) organization, the U.S. has the largest share of media and entertainment (M&E) industry with estimated value around USD 717 billion in 2019 and is projected to reach around USD 825 billion by 2023. This is primarily due to presence oftelevision programs and commercials, music and audio recordings, broadcast, radio, book publishing,streaming content,motion pictures, video games and products.
The Asia Pacific is the largest still the world's strongest growth market for the growth of immersive media solutionsdue to rapidly increasing adoption of advanced technology in in the media, entertainment industry with surge in population.
Key Benefits for In Vitro Diagnostic’s services Market Reports –
· Global Immersive Media solutionsmarket report covers in depth historical and forecast analysis.
· Global Immersive Media solutionsMarket research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
· Global Immersive Media solutionsmarket report helps to identify opportunities in market place.
· Global Immersive Media solutionsmarket report covers extensive analysis of emerging trends and competitive landscape.
Immersive Media solutions Market Segmentation –
Immersive Media solutionsmarket: by DeploymentType
· On-premise based
· Cloud based
Immersive Media solutions Market: by Technology
· Virtual reality
· Augmented reality
· Mixed reality
· 360 degree videos content
Immersive Media solutions Market: by End-user
· Gaming
· Design & Architecture
· Retail
· Automobile
· Education
· Location-based Entertainment
· Travel & Hospitality
· Others
Immersive Media solutions Market: by Regional & Country Analysis
· North America
o U.S.
o Mexico
o Canada
· Europe
o UK
o France
o Germany
o Italy
· Asia Pacific
o China
o Japan
o India
o Southeast Asia
· South America
o Brazil,
o Argentina
o Columbia
· The Middle East and Africa
o GCC
o Africa
o Rest of Middle East and Africa
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