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

The global virtual reality software market size is expected grow from $7.80 billion in 2021 to $9.98 billion in 2022 at a compound annual growth rate (CAGR) of 27.9%. 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 software market is expected to reach $25.63 billion in 2026 at a CAGR of 26.6%.

Growth in the gaming industry is a key factor driving the growth of the virtual reality software market.

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The virtual reality software market consists of sales of virtual reality software that are used in different sectors such as aerospace, defense, gaming, entertainment, tourism, diagnostics and surgeries. Related services include software installation, training, upgrade and other services. Virtual reality (VR) is an artificial environment generated with software and displayed to people in such a way that the user suspends convictions and accepts them as real environments.

Global Virtual Reality Software Market Segments Include:
By Type: 3D Modelling Software, 360 Degree Custom VR Software, Real Time Simulation Software
By Deployment: On-Premise, Cloud
By Application: Automotive, Medical, Real Estate, Oil and Gas, Entertainment, Industrial, Other
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 software market in 2021.

The integration of virtual reality (VR) in healthcare through mobile apps is a key trend in the virtual reality software market. VR-based mobile apps enable the treatment of several diseases which help to resolve many health issues and these VR apps are also used for education, which is not limited to the use by students alone and can be used by other interested stakeholders too.

TBRC’s virtual reality software market report covers:

Major Market Players: Microsoft Corporation, Blippar Inc., Pixologic Inc., Metaio Gmbh, Qualcomm Incorporated, Oculus VR LLC, WorldViz., Starbreeze Studios, Razer Inc., HTC Corporation, BAE Systems AB, Istaging, Axonom Powertrak, Cupix, Viar, IrisVR, Briovr, Techviz, Unigine, Phenomatics Virtual Reality Software, Worldviz, Virtalis, ESI Group, XVR Simulation, EON Reality, High Fidelity, Mirra, Arcadia Augmented Reality, Smartvizs and Imaginate.
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 Software 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 software market overviews, analyzes and forecasts market size, share, VR software market players, VR software market segments and geographies, leading competitor revenues, profiles and market shares.

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

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