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
Business Model and Practices: Data, Interfaces and Algorithms
Sector: Cross-sector

Date Last Updated: March 13, 2019

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