The report published by Market Research Future (MRFR) projects that the global virtual reality in gaming market is marked to exhibit remarkable expansion at a CAGR of 30.5% during the assessment period of 2017-2023 and reach the valuation of USD 14.6 Bn by the end of the review period.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

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Segmental Analysis

The global market for virtual reality in gaming is segmented on the basis of hardware, software, and compatibility. Based on hardware, the global virtual reality in gaming market has been segmented into devices, glasses, gloves, headsets, and others. Based on compatibility, the global virtual reality in gaming market has been segmented into MMOs, smartphones, casual web games, box Pc, tablets, consoles, and others.

Regional Analysis

Geographically, the global virtual reality in gaming market has been divided into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. The North America region commands the maximum share of the global virtual reality in gaming market owing to the increased popularity of virtual reality technology among the young population, high demand for virtual reality gaming devices that introduce various advanced features, and easy adoption of technologically advanced gaming devices due to their availability at affordable prices in this region. The Asia Pacific region is marked to expand at the fastest growth rate in the global virtual reality in gaming market during the assessment period owing to the increasing penetration of smart gadgets in the developing economies, rise in availability of affordable advanced gaming devices, increasing popularity of virtual reality and introduction of new virtual reality games and gadgets in this region.

Key Players

The prime players profiled by Market Research Future (MRFR) that are operating in Virtual Reality in Gaming Market Covid 19 are Electronic Arts Inc (the U.S.), Google (the U.S.), Newzoo (Netherlands), HTC Corporation (Taiwan), Oculus VR, LLC (the U.S.), Kaneva (the U.S.), Samsung (South Korea), Sony Corporation ( Japan), ZEISS International (Germany), LEAP MOTION, INC. (the U.S.), VirZOOM, Inc (the U.S.) and others.

Industry Updates

In February 2019, The City Point Shopping Center at Downtown Brooklyn has announced its partnership with YokeyPokey Virtual Reality for hosting its first annual e-sport virtual tournament.

In February 2019, it has been announced that VR Exodrome, a virtual reality lounge is opened in Palisades Mall, Rockland. This lounge is packed with various virtual gaming experiences such as virtual maze, roller coaster, and other competitive cybersports.

In February 2019, Tilt Pinball, a gaming arcade in Louisville, has announced that it will be installing virtual reality arcade games for the public in Boulder County.

In February 2019, it has been announced by jetSynthesys that it will be launching a multiplayer virtual reality game in collaboration with Sachin Tendulkar, a former Indian international cricket player. The game will be launched under the name 'Sachin Saga' with limited edition headset that is equipped with customizable Bluetooth controller.

In January 2019, it has been announced that Canada's first virtual reality shooter gaming center is now open in Richmond.

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