More people will use VR and AR in the US in 2020. Let us know in the comments below! The AR market is projected to be worth over $18 billion in 2023. When it comes to experimentation the table turns, Germany (77%) has the highest number of implementers followed by UK (67%), US (58%), France (57%), and China (49%). Now let’s jump into how popular VR has become and some of the driving factors behind its growth. With not much other than a headset needed to play a VR game, it makes it easy and convenient for gamers to just pop the device on, launch, and be taken to an entirely different world. Augmented and Virtual Reality Market Outlook - 2025. Report. The technology may soon become a permanent fixture in big data analytics. Sectors that have seen widespread adoption of and increased demand for VR include gaming and entertainment (Grand View Research, 2019). The latest virtual reality statistics show that 52.1 million people in the US will use the technology at least once per month in 2020 (eMarketer, 2020). By 2030, 23 million jobs will be using AR and VR in one way or another (PwC, 2019). We hope you now have a better idea of the direction this technology is headed towards and its potential. Right now, there are fewer than half a million jobs worldwide that are impacted by VR and/or AR. This is a significant amount. It’s still early to speculate. Mainly, instore retailers are determined to use VR technology to repress the home-try-on effect, which has been a vexing problem. in 2020 (Statista, 2019). This is more than three times the $6.1 billion market size registered as recently as 2016. On the other hand, Statista projected that the VR software market could be worth $25 billion by 2020. Primarily, 16 million of these users considered themselves hardcore gamers. Statistic Brain claims there are expected to be 82 million virtual reality headsets in use by 2020. Overall, the virtual reality market size (software + hardware) will reach $16.3 billion by 2022. The global VR gaming market size will reach $22.9 billion by 2020. by different review sites shows that these brands dominate the list with their products. Start a business and design the life you want – all in one place. PC (40%) gaming has the lion’s share, followed closely by Console (33%) and Mobile (27%). Related. This marks a 20.9 percent increase from 2019’s 43.1 million. In addition, the use of VR technology to build online virtual change rooms can help retailers improve conversion rates by more than 6.4%, increase order value by 1.6%, reduce fulfillment costs by 5%, and lower returns by 5.2%. At 10% Sony PlayStation VR is the device most gamers are likely to buy, followed by Samsung Gear VR (9%), Oculus Rift (8%), Google Cardboard (6%), and HTC Vive. This is followed by the entire Western Europe bloc with $3.3 billion and Japan with $1.8 billion. Today, the speed of growth has not changed, but the expanding VR use cases point to a rapid paradigm shift. augmented reality Coronavirus COVID-19 virtual reality. Larger economies, including the US, UK, Germany, and China, are expected to be the most impacted. It offers an exciting level of practicality as through the technology, they are able to provide a 1:1 scale model of their design to clients for a more immersive and visual experience. Also, market research data show that in 2019, Oculus Quest will ship 1.3 million units. A recent analysis by leading consulting services firm PricewaterhouseCoopers purports that the tech is capable of injecting approximately $1.83 billion into the world economy by the end of this decade. To kick things off, let’s take a look at the sector’s market size. According to virtual reality headset sales statistics, by 2025, the shipment of home mounted displays ((HMD) for enterprise VR use cases will reach 41 million devices. This immersive technology continues to make impressive progress, exhibiting its massive potential to upend multiple industries. VR, together with learning management software delivers multiple benefits and is, without a doubt, helpful in training. By 2020, the global virtual reality industry is predicted to generate $21.5 billion in revenue, a huge jump of over 4x in just four years. Along with the advances of its sister, virtual reality technology, AR is expected to have one billion users by 2020, mainly involving video. There you have it a compilation of the most intriguing virtual reality statistics. At Visualise, we’ve worked with some of the biggest names in the medical & pharmaceutical industries to create a range of VR experiences. More and more US residents are also expected to start using VR more frequently. There are reasons to believe a bright future is burgeoning for VR. Be nice. As it stands, 26 million of these devices are currently owned by private consumers. Given its advancements over recent years, it’s probably safe to say that it’s only a matter of time before virtual reality takes over our lives. With its innovative experience now a reality, businesses are keenly embracing the opportunities it presents. That’s not all: this number is expected to double to 11 million just one year later, and further soar to 43.5 million in 2025. This will mean an impressive increase of almost eight-fold from 2020 to 2025. The VR gaming industry has also recorded an accelerated growth rate, and the penetration has been encouraging. Initially, VR HMDs were made for entertainment, with focus on games. Together, the US and China will be responsible for 58 percent of the global investment into VR. 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