Learn about the global virtual reality services market through The Business Research Company, which provides information on virtual reality services market size, virtual reality services market drivers and restraints, virtual reality services market players, the COVID-19 impact on the virtual reality services market, and more.

The global virtual reality services market size is expected grow from $5.81 billion in 2021 to $6.54 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The VR services market size is expected to reach $10.22 billion in 2026 at a CAGR of 11.8%.

The virtual reality services in telehealth is a key factor driving the growth of the virtual reality services market.

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The virtual reality services market consists of sales of virtual reality services and related products such as joysticks, force balls/tracking balls, controller wands, data gloves, trackpads, on-device control buttons, motion trackers, bodysuits, treadmills and motion platforms. These services are used in various sectors such as healthcare, education, real estate and entertainment. The use of computer technology to create a digital world is virtual reality (VR). Instead of seeing on a computer before them, users are immersed in 3D environments and can communicate with them.

Global Virtual Reality Services Market Segments Include:

By Type: Hardware, Software

By Basis of Service: Consulting, Training, Implementation, Integration, Operation, Maintenance

By Application: Healthcare, Education, Real Estate, Advertising, Travel, Gaming, Entertainment, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the virtual reality services market in 2021.

Remote shopping with virtual reality is a key trend in the virtual reality services market. Many people are not doing offline shopping due to isolation and quarantine with the global Covid-19 outbreak and that does not mean e-commerce companies must 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.

TBRC’s virtual reality services market report covers:

Major Market Players: Skywell Software, LittlStar, Creative Solutions, Gramercy Tech, HQSoftware, Program Ace, Groove Jones, Xicom Technologies, Zco Corporation, The Intellify, Quy Technology, Fluper, JPLoft Solution, Credencys Solutions, HorizonCore Infosoft, Quytech, Hedgehog lab, IndiaNIC Infotech Limited, Chetu, Vakoms, Delta Reality, Dyfuzja, Cortex, Chocolate Milk & Donuts, NARSUN and Setapp.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Virtual Reality Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides virtual reality services market overviews, analyzes and forecasts market size, share, virtual reality services market players, virtual reality services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s virtual reality services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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