The Global Virtual Reality Gaming Market expected to reach a value of USD 32.8 Billion by 2023, expanding at a CAGR of around 26 percent during 2017-2023. The latest market research, titled Virtual Reality Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 published by IMARC Group. According to the research, the market reached a value of USD 8.2 billion in 2017.
Virtual reality gaming is a blend of computer games with a 3-dimensional, artificial environment. This immersive environment can be similar to the real world or it can be fantastical. The milder version of VR games generally includes a 3-D image that can be explored interactively on a computing device with the support of a touch screen, mouse or keys, where the more immersive and sophisticated versions might involve wrap-around displays, VR headsets and VR rooms having wearable computers and other sensory components. The driving factor for this growing market involves the growing popularity of 360-degree videos. These videos enable the viewers to watch through every angle along with an option to revolve and pan them as per the need.
Furthermore, a large number of start-ups are launching new 3D features in VR gaming. They have developed games that allow the user to move around and interact with the objects in it, for instance. Besides the growth factor, the market research report also covers key hindrances faced by the market include high initial investment, spatial discomfort and the risk of other physical and mental disorders. North America, on a geographical base, currently leads the Global Virtual Reality Gaming Market, due to augmented demand for interactive gaming combined with easy ease of use of these devices in the region.