Proof Point
Enterprise virtual reality (VR) revenue expected by Business Insider to significantly increase 47% annually from 2018 to $5.5 billion in 2023
Enterprise VR Hardware and Software Revenue
2018F – 2023F (US$ billions)
Proof Point Findings
- Enterprise Virtual Reality (VR) – Emerging use of VR technologies in consumer or industrial sectors, including marketing, commercial sales and operation trainings
- Rising Consumer VR – Enterprise VR hardware and software revenues forecasted by Business Insider to increase 47% annually from $0.8 billion in 2018 to $5.5 billion in 2023
- 2017 Launches – After companies such as Macy’s, Lowe’s, Walmart and UPS successfully launched their own VR programs in 2017, more businesses look into tapping technology, which will drive enterprise VR revenues
- Key Growth Drivers – Include greater adoption of virtual reality technology and applications across multiple industries, improving VR technology features and use cases, and heightening competition from major VR technology platforms
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Business Model and Practices Business Model |
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Sector |
Cross-sector
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Source |
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Date Last Updated |
March 13, 2019
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