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Virtual Reality (VR) Gaming Market Statistics 2021, Industry Growth Rate, Share, Size, Report by 2026 (The Sabre)

Published on : March 18, 2022
Virtual Reality (VR) Gaming Market Statistics 2021, Industry Growth Rate, Share, Size, Report by 2026 (The Sabre)

By Elena

According to the latest report by IMARC Group, titled “Virtual Reality Gaming Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global virtual reality gaming market reached a value of US$ 18.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 28% during 2021-2026. Virtual reality (VR) refers to an immersive technology that has completely revolutionized the gaming industry. It creates a three-dimensional (3D) environment and generates realistic images, sounds and other sensations with the help of game controllers, virtual reality headsets, and motion capture methods or the multi-projected setup. Apart from this, it enables the user to interact with this artificially created environment during the gaming session. As a result, the demand for VR gaming is escalating around the world. read more

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