Looking at the projections for the markets growth, in 2024, this tech sector should rake in over $12 billion in revenue (consumer and enterprise combined). The VR gaming industry earned $1.1 billion in 2020. KommandoTech is your ultimate resource on all things tech. The total number of active virtual reality The VR global gaming market is expected to continue growing at a CAGR of 32.75% from 2021 to 2026. In 2020, worldwide spending on augmented and virtual reality was just over $12 billion. VR is expected to generate $6.7 billion in revenues. The statistic shows the number of virtual reality (VR) and Approximately one in three gamers own or use a piece of VR hardware. In the US alone, hundreds of companies are exploring the possibilities of this technology, finding new ways to apply it in science and entertainment. Virtual reality statistics from Gartners survey confirm the strong link between shopping and altered-reality platforms. 19% of consumers have used virtual reality before, 8. The huge popularity of gaming in VR is another factor that contributes to increased demand for social interaction in the virtual world. Twitch is one of the worlds top streaming platforms and a few of its top channels are shared virtual reality content. The total number of active virtual reality users in 2022 is well over 171 million, 5. However, virtual reality (VR) headsets are on the rise with sales growing steadily by 32% year over year according to 2022 Q2 data. However, VR market share is increasing as virtual reality technology gets more sophisticated and simpler to use. A virtual reality device could soon become a part of onboarding procedures in many companies across the world. Of these, 31.3 million are doing so via virtual reality headsets. Its expected to grow at an 18% CAGR during the next seven years. This is followed by 26% allocated to creating advertising content, 25% to live streaming, 24% to film and entertainment, 22% to news and 20% to music. 2022 COPYRIGHT KOMMANDOTECH ALL RIGHTS RESERVED. Social networks present an ideal platform for advertising as well, and many companies already use AR and VR in both their brick-and-mortar and online stores. Whether youre interested in the latest PC and console gaming news, antivirus software, or smartphone reviews, or simply want to learn about the newest geeky gadgets around, we at KT have you covered, and Ivans likely the one well ask. Augmented reality games like PokemonGo are major contributors to the popularity of mobile gaming, and AR headsets tend to be much cheaper and more widely available than their VR counterparts. Developers currently working on virtual reality projects are already testing their products in the field for things like in-flight entertainment, virtual shopping, healthcare programs, and more. Over 67% are actively engaged in the metaverse for business and 20% are looking into it. To use individual functions (e.g., mark statistics as favourites, set The audience mostly enjoyed watching Half-Life: Alyx, Beat Saber, and Phasmophobia - an indie ghost-hunting horror game that generated lots of scares and laughs and Steams current top VR seller. A true tech and gaming savant, Ivan has been fascinated by the digital world since the early days of gaming on antiques such as the ZX Spectrum and Commodores beloved Amiga. The World Economic Forum found last year that 3.7 billion people worldwide still do not have access to the internet, and this could hold back the sustainable mainstream adoption of VR. More than 11 million VR units are projected to be sold by the end of 2021, and that number will double within the next two years. Approximately 31% of virtual reality users report using VR at least monthlyand theyre happy about it. An approximated $6.4 billion of the total $34.08 billion will be software revenue. There are 171 million active VR users in the world. A recent experiment conducted by Walmart had employees train via VR. , Feb 8, 2022. 31. content after in-depth research, and advertisers have no control over the personal opinions expressed by The opinions In 2022, the VR market size is worth an estimated $12 billion U.S. dollars, 18. before we ever join a company's affiliate program. Roughly 33 percent of respondents to an said the preferred an Apple-provided headset as their first choice, followed by Google at 20 percent. When compared to the survey above, these virtual reality statistics are comparable. Its also bizarre, especially to people not used to the accompanying feeling of immersion. 23 million VR-related jobs will open by 2030. Thomas Alsop. Nonetheless, a lot of people believe thats precisely the aspect that needs improvement. (March 14, 2022). Considering Quests are typically sold for $299 to $399, that turns into 2 million units in a single quarter alone. Virtual Reality (VR) Collaboration Platforms Market Statistics The global virtual reality market size, valued at USD 10.32 billion in 2019, is expected to grow at a CAGR of 21.6% from 2020 to 2027. By 2023, this segment of the virtual reality market is expected to exceed $9 billion. Thats twice the normal donation rate. The number of VR-related startups has increased 14 times within just a year. Eight in 10 manufacturers know VR is the future. This is followed by VR games at 6.6% and AR games at 5.1%. 23% of U.S. households own or have used a VR headset, 10. partnerships - it is visitors clicks on links that cover the expenses of running this site. With full locomotion and haptic controllers, users are compelled to explore more and, thus, expect to have more stuff to do in VR. This accounts for 15.7% and 25% of the total US population. Samsung Showcases First Curved 4K 240 Hz Monitor, Classic BlackBerry Phones to Stop Running on January 4, PC Games That Grabbed Our Attention in 2021. To fully understand VRs popularity, weve gathered and analyzed the latest virtual reality statistics. About 38% are Gen-Y, 18% are Gen X, and just 6% are Baby Boomers. by Jasmine Katatikarn | Last updated Dec 6, 2022. The U.S. is expected to see a 484.2 billion boost to its economy by 2030 increasing GDP by 2.83%. Virtual Reality Market Statistics. How and where the offers appear on the site can vary according to the Request Sample The global augmented reality (AR), virtual reality (VR), and mixed reality (MR) This supports the companys VR market forecast, which predicts that those sectors will experience the largest growth. The companys. Continuing with the VR headset sales statistics, analysts estimate there are more than 5 million Oculus Quest 2 headsets in the wild. visitors clicks on links that cover the expenses of running this site. 90% of consumers are aware of virtual reality while just 65% are aware of augmented reality, 11. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021: Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. Virtual reality is becoming increasingly popular, which means the job demand for the industry is also on the rise. VR training can improve patient outcomes in surgical scenarios by 83 percent: found that qualitatively, virtual reality training improves surgical performance during total hip arthroscopy by 83 percent, which is a massive benefit for the industry. 72% of millennials report that they would rather spend money on experiences than material things. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021, : Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. Industry association publications and dedicated websites are the primary source of information for 69% of respondents, but social media is rapidly closing in at 64%. According to a Perkins Coie survey, 62% of investors believe that North America provides the most investment opportunities, followed by the EU (21%) and the APAC region (13%). 1. An important virtual reality statistic is the one showcasing how VR could lead to a safer workplace for many. Over 23 million jobs will depend on VR by 2030, 34. In the engineering sector, the growth and use of VR have decreased model time by 10% and construction time by 7%. Then you can access your favorite statistics via the star in the header. Five million head-mounted VR units were sold in 2016 and this number is expected to rise to 68 million by next year. The following virtual reality statistics for 2022 will expound on the trend. Roughly 33 percent of respondents to an said the preferred an Apple-provided headset as their first choice, followed by Google at 20 percent. "Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. 54% of investors interviewed by Perkins Coie estimated that gaming will draw the highest VR investments in the next 12 months. As it is, the forecast for 2022 is already a whopping 91.2 percent year-over-year increase. PwCs virtual reality industry statistics support an exciting prediction - not only will more people find work, but its estimated that the growth of this industry will boost the global economy by $1.5 trillion by 2030. According to experts predictions, there are 32.7 million people experiencing VR within the United States. This is probably explained by the fact that gaming is currently the major draw of VR, and males still make up the majority of todays gaming audience. In 2020, 83.7 million people used AR at least once per month in the U.S. Please do not hesitate to contact me. 33 percent of UK customers and 29 percent of US customers do not know what the metaverse is: On one hand, companies are investing heavily in the metaverse an integrated VR space where users can communicate, collaborate, play and learn yet, market awareness has failed to reach the same momentum as nearly a third of consumers do not understand the metaverse. Statista. We are currently witnessing an explosive increase in the use of virtual reality in the gaming industry, with 16 million VR users defining themselves as hardcore gamers, That adds up to 13% of the total population. 52% of consumers want to attend virtual courses and training, 36. Samsung Gear and Google Daydream are hovering at the $100 range - compare that to $999 for Valve Index and it all starts to make sense. Top 13 Best Virtual Reality Game SystemsPlayStation 4 Slim Bundle Virtual Reality Game SystemsOculus Quest All-in-one VR Gaming Headset 128GBHTC Vive Virtual Reality Game SystemOculus Rift S PC- Powered VR Gaming HeadsetHTC Vive Pro Focus Plus 6DOF Virtual Reality HeadsetHTC Vive Cosmos Elite Virtual Reality SystemHTC Vive Pro Eye Virtual Reality SystemMore items How much are consumers spending on VR in 2023? That means Beat Sabers revenue is actually much higher. participates in a series of affiliate partnerships - its visitors click on links that cover the Some productive uses for VR include the 58% of consumers that are interested in interacting with health providers and 53% who want to interact with familiar brands. You need at least a Starter Account to use this feature. Whats the household income of VR users? The market size of virtual reality is projected to increase from 6.2 billion dollars statistic alerts) please log in with your personal account. The VR market size is predicted to nearly double from 2022 to 2025. Seems like most people just need to get their VR legs and get used to screens being so close and personal so they can truly enjoy VR. Its a trend worth pursuing not only for online marketplaces, however. In the United States alone, the growth of AR/VR tech will create 2.3 million jobs. The VR gaming market size is now worth an estimated $1.9 billion U.S. dollars. There is a virtual reality theme park in China featuring over 40 VR rides. 46% of companies are hiring people with skills related to the metaverse, 44. Retail businesses are expected to provide the largest commercial investment into VR, spending $7.3 billion in 2024. However, most of the content produced for VR platforms is aimed at gaming and social interaction. Researchers say 48% of the content is developed for the video game industry and 31% is social. As of this year, the U.S. is home to over 950 startups related to VRand that number is growing. 101.6 million people in the U.S. Americans use augmented reality, 3. The next countries to see the largest GDP increases are China(165.3 billion) and Japan (129.1 billion) both around 2% GDP. Even gamers, who tend to spend more time with their virtual reality gaming system of choice than the average VR user, plan to make more use of VR in the future. By 2030, According to startup and small-business owners, as well as industry experts and consultants interviewed by Perkins Coie, social media plays a large role in learning about virtual reality facts and trends. Over the past few years, 2018 to 2021, virtual reality (VR) users in the United Well dive into how popular virtual reality is, its demographics, and the economy behind it. This percentage rests at about 18%. Market size is now worth an estimated $ 1.9 billion U.S. dollars 101.6 million in! 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