The Business Research Company published its Virtual Reality Services Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Virtual Reality Services market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the Virtual Reality Services market’s segments- by application: Healthcare, Education, Real Estate, Advertising, Travel, Gaming, Entertainment, Others.
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Virtual Reality Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global virtual reality services market is expected to grow from $0.57 billion in 2019 to $0.93 billion in 2020 at a compound annual growth rate (CAGR) of 63.28%. The increase in growth rate is mainly occurring because technologies like VR allows people to shop, talk and socialize using these immersive platforms amidst all the containment due to COVID-19 outbreak. The market is expected to reach $3.14 billion in 2023 at CAGR of 49.87%.
Remote shopping with virtual reality is a key trend in the VR services market. Many people are not in-person shopping due to isolation and quarantine with the global COVID-19 outbreak. But that does not mean e-commerce companies also stop communicating with their customers and clients. Virtual reality alternatives opened great chances where businesses can offer potential customers new buying experiences without preventing their outreach. E-commerce companies could now reframe the experience for the customers and redesign their shopping journeys by using VR services.
Few Points From Table Of Content
- Executive Summary
- Virtual Reality Services Market Characteristics
- Virtual Reality Services Market Size And Growth
- Virtual Reality Services Market Segmentation
- Virtual Reality Services Market Regional And Country Analysis
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- Virtual Reality Services Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Virtual Reality Services Market
- Virtual Reality Services Market Trends And Strategies
- Virtual Reality Services Market Future Outlook and Potential Analysis
- Appendix
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Few Points From List Of Tables
Table 1: Global Historic Market Growth, 2015-2019, $ Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Table 3: Global Virtual Reality Services Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Table 4: Global Virtual Reality Services Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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Table 26: Skywell Software Financial Performance
Table 27: LittlStar Financial Performance
Table 28: Creative Solutions Financial Performance
Table 29: Gramercy Tech Financial Performance
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