Proof Point
Global virtual reality market expected to grow more than 20x between 2016 and 2020, from $1.8 billion to almost $38 billion
Global Value of Virtual Reality Market
2016 – 2020F (US$ billions)
Proof Point Findings
- Virtual Reality Market – Composed of devices, software and content enabling computer-generated simulations of reality
- Exponential Growth – Estimated to grow 114% annually from under $2 billion in 2016 to almost $38 billion by 2020
- Key Growth Drivers – Driven initially by new hardware devices introduced to consumers, shifting toward software as capabilities advance, penetration increases and new applications are developed
- VR Segment Growth – VR hardware market forecasted to grow 86% annually from $1.5 billion in 2016 to $17.8 billion in 2020, while VR software expected to dramatically grow from $300 million in 2016 to $19.9 billion by 2020
- Relative Size – Global VR market expected to approach sizes of global box office ($49.3 billion) and music ($47.7 billion) industries by 2020
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Date Last Updated |
October 19, 2017
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