The growth of the global virtual reality market

Virtual reality market to reach $22 billion by 2020

Combined revenue for head mounted displays, and virtual reality accessories and content will increase from $108.8 million in 2014 to $21.8 billion worldwide by 2020, with a compound annual growth rate of 142 percent, according to a new report from Tractica. “Getting users to experience virtual reality technology firsthand, and therefore truly understand its potential, remains a challenge, but the emergence of mobile virtual reality solutions is helping,” said Tractica analyst Craig Foster in a statement. ABI Research estimates that 1.5 million Google Cardboard headsets, used in combination with mobile phones, will have been shipped by the end of this year. In 2020, 25 million mobile virtual reality devices will have been shipped, according to ABI, compared to 18 million tethered headsets such as the Oculus Rift, HTC Vive and Sony’s Project Morpheus. ….[READ]

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