SAN FRANCISCO, April 26, 2023 /PRNewswire/ — The global virtual reality market size is expected to reach USD 87.0 billion by 2030, growing at a CAGR of 13.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing adoption of user immersion technology in industries such as education, industrial training, and healthcare, is expected to drive the growth. Additionally, internet penetration in the form of high-speed 5G networks has positively impacted the adoption of virtual reality technology due to fast and low-latency internet connections.
Key Industry Insights & Findings from the report:
- Based on device, the gesture tracking device (GTD) is expected to grow at the highest CAGR of around 15% over the forecast period due to the trend of gesture tracing for enhanced immersion.
- Based on technology, the semi & fully immersive segment recorded the largest…
