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Virtual Reality in Gaming Market Share

Report ID: GMI10364
Published Date: Jul 2024
Report Format: PDF

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VR in Gaming Market Share

Meta and Sony Corporation hold a significant share in the VR gaming industry. Meta (formerly Facebook) is a leading force in the VR gaming industry with its Oculus line of VR headsets. Oculus Quest 2, known for its wireless, standalone design, has significantly impacted the market by making high-quality VR accessible and affordable. Meta invests heavily in developing immersive VR experiences and expanding the VR ecosystem through platforms like Oculus Store, offering a wide range of games and applications. The company's vision for the metaverse a shared, virtual space drives its commitment to advancing VR technology, fostering social interactions, gaming, and entertainment in virtual environments, positioning Meta as a key innovator in the VR landscape

Sony Corporation is a prominent player in the VR gaming market through its PlayStation VR (PSVR) system. PSVR, compatible with PlayStation consoles, provides an accessible entry point to high-quality VR gaming, leveraging Sony’s extensive gaming ecosystem. Sony’s focus on exclusive VR game titles and immersive experiences enhances its market position. The upcoming PSVR 2, with improved hardware and performance, is set to further solidify Sony’s influence in the VR space. By integrating VR into its successful PlayStation platform, Sony continues to drive innovation and adoption of VR gaming, delivering compelling virtual reality experiences to a broad audience.

VR in Gaming Market Companies

Major players operating in the VR in gaming industry are:

Meta
Sony Corporation
Microsoft Corporation
Nvidia Corporation
Google Inc.
HTC Corporation
Samsung Corporation

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of VR in gaming reached USD 4.59 billion in 2023 and will grow at 30% CAGR between 2024 and 2032, led by increasing technological advancements, and growing popularity of e-sports and VR-based social platforms.

The commercial segment will witness 33% CAGR through 2032, primarily due to significant investments by gaming companies in VR technology, and the adoption of VR for training and simulation purposes in various industries.

North America market captured 34% share in 2023, propelled by advanced technological infrastructure, the strong gaming culture, and high disposable incomes.

Some of the key market players are Meta, Sony Corporation, Microsoft Corporation, Nvidia Corporation, Google Inc., HTC Corporation, and Samsung Corporation, among others.