virtual reality statistics

By 2030, Register in seconds and access exclusive features. What does Chat GPT Mean for Enterprise-Grade XR? According to Statistas augmented and virtual reality market forecast, this number is rising steady and could potentially reach a staggering $160 billion by 2023. This could allow healthcare to become among the top sectors gaining from VR in 2022. VR will become the fastest-growing content segment from 2020 to 2025: Among all the traditional and digital content formats, VR is leading and is expected to grow at a compound annual growth rate (CAGR) of 30 percent, followed by cinema (29 percent), and general data consumption (27 percent). Aug 02,2022 Globally, both businesses and consumers are investing heavily in virtual reality. Almost twice as many men (30%) have tried a virtual reality experience via headset than women (16%). KommandoTech is your ultimate resource on all things tech. Paired with that, managing traffic is another often overlooked field of potential use. Over 23 million jobs will depend on VR by 2030, 34. The global market size of VR (virtual reality) gaming market is set to hit around the $100 billion mark in 2027. Our website also includes reviews of In, The Insight Partners. In a survey conducted by Greenlight Insights, the majority of respondents said theyre familiar with VR. In 2016, the VR market in the United States generated some 220 million U.S. dollars. Please do not hesitate to contact me. A sibling - augmented reality - has found widespread adoption by delivering many of VRs promised benefits without the clunky helmets and bulky gloves. Its a trend worth pursuing not only for online marketplaces, however. The entertainment industry is the key pillar of virtual reality growth and will most likely continue to play a key role in its development in the future. 37 Virtual Reality Statistics That Prove the Future is Now. In short, adoption goes up as age goes down. The results were positive - a 30% increase in employee satisfaction, up to a 15% higher retention rate, and, as mentioned, better results on post-training tests. The survey shows a drop in HTC VIVEs share in the SteamVR ecosystem below Oculus Rift S. Most peoples very first VR game was the Star Wars-inspired rhythm game Beat Saber. In a few more years, it may even take over more aspects of our lives. Twitch is one of the worlds top streaming platforms and a few of its top channels are shared virtual reality content. The next most interested group are Gen Z-ers, of whom nearly a fifth would buy this technology. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. According to startup and small-business owners, as well as industry experts and consultants interviewed by Perkins Coie, social media plays a large role in learning about virtual reality facts and trends. This segment is projected to gain the fastest CAGR growth of 17.4% until 2030. DataProt's in-house writing team writes all the sites content after in-depth research, and advertisers have This isnt surprising considering males are typically earlier adopters of technology. Metaverse Meaning - What is this New World Everyone's Talking About? By 2023, this segment of the virtual reality market is expected to exceed $9 billion. Meanwhile, 15% of survey respondents said they are likely to buy a VR device in the next year. Emotions play a critical role in our daily lives, so the understanding and recognition of emotional responses is crucial for human research. By 2024, global consumers are predicted to spend over $60 billion more than that. However, by 2030, this number will multiply 23 times. sturdy software. Advertiser Disclosure: DataProt is an independent review site dedicated to providing accurate information The total number of active virtual reality users in 2022 is well over 171 million, 5. More than 1 in 3 US consumers would rather buy AR/VR devices from Apple: Even though Apple is yet to launch a VR headset, it has a large number of loyalists. Virtual and augmented reality could deliver a 1.4 trillion boost to the global economy by 2030, 33. Based on the current VR sale statistics, data analysts predict that AR and VR headset manufacturers will ship 26 million per year by 2023. KommandoTech Thats because major VR hardware development companies are shipping millions of VR devices annually. A survey revealed that almost 20% of consumers had tried virtual reality by 2020. ABIResearchs virtual reality market report shows AR and VR are likely to take shopping and advertising to the next level. What is the consumer perception of virtual realitys potential? VR training can improve patient outcomes in surgical scenarios by 83 percent: A 2019 study published in The Bone & Joint Journal found that qualitatively, virtual reality training improves surgical performance during total hip arthroscopy by 83 percent, which is a massive benefit for the industry. Another 36 percent in the UK and 27 percent in the US say they have no need for the metaverse, a. The virtual reality gaming market size is projected to reach $92.31 billion by 2027. Retail businesses are expected to provide the largest commercial investment into VR, spending $7.3 billion in 2024. 33 percent of UK customers and 29 percent of US customers do not know what the metaverse is: On one hand, companies are investing heavily in the metaverse an integrated VR space where users can communicate, collaborate, play and learn yet, market awareness has failed to reach the same momentum as nearly a third of consumers do not understand the metaverse. Virtual reality is on the rise and startups are propelling this. Regardless, there are adults who are not interested in virtual reality. About 38% are Gen-Y, 18% are Gen X, and just 6% are Baby Boomers. Conversely, newspapers, magazines, traditional TV, and home video will shrink 1 percent, forecasts PwCs Global Entertainment & Media Outlook 20212025. DataProt is supported by its audience. When one thinks of virtual reality, a VR headset is often top of mind. There are no major studies that we know of, but ophthalmologists agree that VR is no worse for the eyes than a computer screen. Price is another factor. It helps that everyone already owns an AR-ready device - their smartphone. PwCs virtual reality industry statistics support an exciting prediction - not only will more people find work, but its estimated that the growth of this industry will boost the global economy by $1.5 trillion by 2030. While the technology is there and widely available, for an average consumer, its still a bit too pricey and weird. 1 in 5 Meta employees now work on VR development: In 2021, social media giant Facebook pivoted towards VR and the. and remain objective. It all seemed to vanish. 23 million VR-related jobs will open by 2030. Accessed January 18, 2023. https://www.statista.com/statistics/591181/global-augmented-virtual-reality-market-size/, The Insight Partners. The next countries to see the largest GDP increases are China(165.3 billion) and Japan (129.1 billion) both around 2% GDP. 3.7 billion people globally are still offline and are locked out of VR adoption: Even as AR/VR goes mainstream, it is important to note that it remains inaccessible to many. This adds up to approximately 64 million Americans who used VR in 2022. Right now, VR is the peak of interactivity. Despite the global pandemic, chip shortage, and shipping crisis, manufacturers still delivered their devices to retailers and, ultimately, consumers. 83 percent of industry leaders believe that the pace of investment in immersive technology will increase: According to a 2021 XR Industry Insider Survey of 164 professionals from across industries, the investment climate is bullish. 42.9 million people in the US use virtual reality at least once a month. Facebook groups related to AR/VR have increased by 27 percent to 649 percent: Meta has launched a new quarterly series called Hello Future from Facebook IQ, which shows the number of Facebook groups related to AR/VR has increased exponentially year on year, with South Korea (649 percent) heading the list. This number is growing by the day, as many people get a chance to try VR at their friends house, at malls, stores, arcades, etc. Sexually explicit content and abusive language and behaviorPrivacy and data collection on users, like eye movement and facial recognitionPotential psychological risks, like "addiction, increased aggression and dissociation from reality" Most people use VR to play video games or watch movies. Approximately 31% of virtual reality users report using VR at least monthlyand theyre happy about it. At the same time, most of the money will be received from the sale of virtual reality headsets, games and videos. Aside from the $29.99 base game, developer Beat Games also sells additional songs for $1.99 a pop, but they werent used to calculate this VR statistic. DataProt remains financially sustainable by participating in a series of affiliate partnerships - it is Developers currently working on virtual reality projects are already testing their products in the field for things like in-flight entertainment, virtual shopping, healthcare programs, and more. 82% of executives expect metaverse plans to be part of their business activity within 3 years, 45. Only 28% of those interviewed said that they play AR and VR games on PCs, showing that PC gamers are still on the fence when it comes to AR and VR gaming. According to The Motley Fool, virtual reality technology is expected to be a $30 billion industry by 2020. Alyx is followed by another smash hit, Beat Saber, and then Pavlov VR - a multiplayer shooter. The U.S. is expected to see a 484.2 billion boost to its economy by 2030 increasing GDP by 2.83%. These jobs are most likely to affect the worlds large economies like China, the United States, the United Kingdom, and Germany. A survey was conducted of nearly 98,400 adults in the United States about VR. Users get to experience imaginary worlds and feel like theyre walking inside those places, interacting with the scenes, and exercising via VR. What is the difference between augmented reality and virtual reality? Seoul Metropolitan Government Launches Public Metaverse. cybersecurity products. The possibilities are nearly endless - virtual tours of vacation destinations, test drives of luxury cars, furniture testing, trying on clothes, and all sorts of visualization aids. According to experts predictions, there are 32.7 million people experiencing VR within the United States. Whats the household income of VR users? Augmented reality is still more popular thanks to cheaper headsets and mobile AR games like PokemonGo, but VR has its own large and growing place in the market. In a survey, 30% of men had tried a VR headset but only 16% of women had tried one, 27. This survey also found that 23% of these consumers used a VR headset or had a VR experience in the past month. As it is, the forecast for 2022 is already a whopping 91.2 percent year-over-year increase. 50% of respondents called the metaverse, an online virtual reality space, exciting. visitors clicks on links that cover the expenses of running this site. 1 in 5 Meta employees now work on VR development: In 2021, social media giant Facebook pivoted towards VR and the metaverse by rebranding as Meta. 61% of survey respondents expressed concerns about data security and consumer privacy when using virtual reality media. According to a Perkins Coie survey, 62% of investors believe that North America provides the most investment opportunities, followed by the EU (21%) and the APAC region (13%). Experts anticipate VR headset shipments to rise to 31 million by the end of 2026. In 2022, executives arent treating virtual reality as a side project anymore. research, and advertisers have no control over the personal opinions expressed by team members, whose These past four years would have been expansive investment growth in the sector reaching 15.5 billion Euros in 2022. Roughly 33 percent of respondents to an said the preferred an Apple-provided headset as their first choice, followed by Google at 20 percent. VR demographics are definitely skewed toward the younger generations. The global virtual reality market is expected to top $34 billion by 2023. 90% of consumers are aware of virtual reality while just 65% are aware of augmented reality, 11. 33 percent of UK customers and 29 percent of US customers do not know what the metaverse is: On one hand, companies are investing heavily in the metaverse an integrated VR space where users can communicate, collaborate, play and learn yet, market awareness has failed to reach the same momentum as nearly a third of consumers do not understand the metaverse. In the engineering sector, the growth and use of VR have decreased model time by 10% and construction time by 7%. If you are eager to know what is ahead for the thriving sector in 2022, here are the latest VR statistics and insights. The global virtual and augmented Almost half, 49%, would explore job opportunities and 46% would use VR to interact with work colleagues. The global virtual reality in manufacturing industry stood at USD 924.7 million in 2018 and is projected to reach USD 14,887.0 million by 2026, exhibiting a CAGR of 39.2% during the forecast period. The World Economic Forum found last year that 3.7 billion people worldwide still do not have access to the internet, and this could hold back the sustainable mainstream adoption of VR. More VR users mean more apps and games sold, too. Virtual reality experiences garner over 15% more responses. Then - poof! This figure is expected to rise, adding up to 23.8 million shipments of headsets in 2025. Facebook shipped 2 million Oculus Quest 2 units in Q1 2021 alone.acebook shipped 2 million Oculus Quest 2 units in Q1 2021 alone. Virtual reality experiences attract 15% more responses than direct marketing, 39. If we look at how many VR headsets they sold so far in 2019, Sony remains the undisputed king of virtual reality devices with its Playstation VR gaming console. 54% of investors interviewed by Perkins Coie estimated that gaming will draw the highest VR investments in the next 12 months. Key virtual reality statistics for 2022. To determine this, look at the market overall including augmented reality (AR), virtual reality (VR), and mixed reality (MR). However, virtual reality (VR) headsets are on the rise with sales growing steadily by 32% year over year according to 2022 Q2 data. Virtual reality sounds like something straight out of a science fiction movie, but believe it or not, its becoming a part of life in 2023. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021, : Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. , 92 percent of 250 human resource professionals surveyed viewed immersive technologies as a vital tool in the post-pandemic recovery phase. Augmented reality games like PokemonGo are major contributors to the popularity of mobile gaming, and AR headsets tend to be much cheaper and more widely available than their VR counterparts. In just three years, one market research firm calculates that the user base for AR/VR in the gaming market will reach 216 million worldwide by 2025. 19% of consumers have used virtual reality before, 8. (March 14, 2022). Virtual reality is even benefitting global causes. A worldwide forecast tracking the hardware behind virtual reality revealed that 10.81 million shipments of VR headsets will be shipped this year. Compared to 2020, the market for virtual reality devices and apps grew by nearly a full $1 billion in 2021. Show publisher information Virtual Reality Rendering Processing Market Report, 2023 to 2030The Virtual Reality Rendering Processing market report is assembled for the forecast years 2023 to 2030. Virtual reality is the pinnacle of immersive experiences right now. Why? By 2020, over half of the large European companies were expected to release a VR and AR strategy. Is it something you are currently using or wish to do in the future? Analysts predict the value of this market will reach $50.3 billion by 2028. [Online]. Video games have always been the biggest reason for purchasing a VR headset. Definitely. In 2018, there were 171 million VR users worldwide, with about 16 million of them identifying as hardcore gamers. Teaching surgeons, studying diseases, even helping with mental health are just some of the possibilities. The global virtual reality market size was valued at USD 21.83 billion in 2021 and is expected to expand at a compound annual growth rate of 15.0% from 2022 to 2030. Although its entry point is still significantly more expensive than consoles for the average consumer, VR statistics confirm that the VR gaming industry is steadily growing. We are in process of revamping Virtual Reality in Education Market with respect to COVID-19 Impact. This is followed by VR games at 6.6% and AR games at 5.1%. ", The Insight Partners, Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/591181/global-augmented-virtual-reality-market-size/ (last visited January 18, 2023), Augmented reality (AR), virtual reality (VR), and mixed reality (MR) market size worldwide in 2021 and 2028 (in billion U.S. dollars) [Graph], The Insight Partners, March 14, 2022. Interestingly, 75 percent said they maintain less physical distance between themselves and those they meet in VR than in real-world surroundings. 80% think it is just a matter of time before virtual reality becomes mainstream. dont affect the reviews content in any way. Healthcare is the VR segment with the highest projected CAGR of 19.3% from 2022-2030, 42. A virtual reality device could soon become a part of onboarding procedures in many companies across the world. VR statistics are expected to improve as headsets become cheaper and more widely available. providing accurate information about various tech-related products and services. More than 1 in 3 US consumers would rather buy AR/VR devices from Apple: Even though Apple is yet to launch a VR headset, it has a large number of loyalists. Not only that, but virtual reality statistics also show that VR is increasingly useful in commercial use and remote work. A lot of people are working on developing new VR apps, games, and experiences. Today, the VR headset market size is worth approximately $8.1 billion, 20. However, sets can go as high as $699 for the new HTC Vive Cosmos and $999 for the Steam VR solution, Valve Index. How old are VR users in the United States? 55% of Americans believe virtual reality is too expensive Source Oculus announced that their Quest 2 headset retails for $299, the lowest consumer price ever. To use individual functions (e.g., mark statistics as favourites, set Last year in 2021, this combined global market reached $27.96 billion. Show that VR is the peak of interactivity, adoption goes up as age goes.... Some 220 million U.S. dollars gaining from VR in 2022, executives arent treating virtual reality before,.!, it may even take over more aspects of our lives Insights, the VR market in the next interested... Gdp by 2.83 % are just some of the large European companies expected. 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