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ehteshamuniverse · 4 years ago

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VR Market 2019 Global Trends, Key Vendors Analysis, Company Profiles, Industry Growth, Import & Export, Revenue by Forecast to 2027 | COVID-19 Impact

Market Highlights

Virtual reality in healthcare is expanding providing many benefits such as surgery simulation, robotic surgery, and skills training. The major advantage of VR in healthcare is that it assists healthcare professionals in acquiring new skills and training on new operating procedures which can be practiced in a safe environment. In the field of diagnostics, virtual reality helps medical practitioners to obtain better insights as compared to MRI scans and other methods, thereby eliminating the need for invasive procedures or surgeries, unless absolutely required. Samsung Electronics, Facebook Inc., Google LLC, Microsoft Corporation, and Sony Corporation are the major players operating the global VR market.

VR remote platforms are widely being used for sales meetings, schools, and universities. This, as a result, allows the market to garner tremendous traction worldwide. According to Market Research Future (MRFR), the global virtual reality software market is expected to grow at double-digit CAGR over 11% throughout the forecast period (2018 – 2023). Besides, the growing penetration of cloud computing and smart, connected devices act as one of the main driving factors for the market growth.

Additionally, the proliferation of the Internet of things (IoT) and improving cloud computing delivery in business applications boost the growth of the VR software market to the extent. Stringent compliance, regulatory requirements, and increased deployment of web and cloud-based applications positively impact market growth. Increasing enterprise budgets for the virtual meeting are also driving greater interest in investment opportunities in this high-growth sector.

Conversely, security compliances and growing cyber-attacks are significant factors estimated to impede the growth of the market. Also, the lack of technical expertise poses challenges to the growth of the VR software market up to some extent. Nevertheless, the proliferation of the BYOD trend and the Internet of things (IoT) connected devices would support the market throughout the assessment period.

Segmentation:

The global virtual reality (VR) market has been segmented on the basis of component, device type, technology, vertical, and region. Based on component, the market has been segmented into hardware and software. The hardware segment has further been divided into semiconductor components, sensors, and displays. The software segment has further been divided into software development kits and cloud based. The device type has been segmented into head-mounted displays, gesture tracking devices, projectors & display walls, and 3D cameras. The technology segment has been sub-segmented into non-immersive, semi-immersive, and fully immersive. The vertical segment has been sub-segmented into consumer electronics, aerospace & defense, healthcare, commercial, industrial, and others. The region includes North America, Europe, Asia-Pacific, and the rest of the world.

Global Virtual Reality Software Market – Regional Analysis

North America dominates the global virtual reality software market. The largest market share attributes to the increasing demand for identity and access management solutions. Besides, vast technological advancements in the region increase the size of the VR software market, offering a favorable platform for the technology to evolve further. Moreover, increasing demand for high-end custom immersive presentations in small & medium companies, schools, and universities boosts market demand in the region.

Furthermore, growing numbers of businesses, alongside the increasing penetration of cloud computing in the region, substantiate the market growth. Also, factors such as the rising adoption of IoT products, connected devices, and technologies contribute to the increase in the market. The North American virtual reality software market is projected to retain its dominance throughout the estimated period.

Europe stands second in the global virtual reality software market. The market is driven by substantial technological advancements such as the private beta of new remote platforms and the proliferation of intelligent connected devices. The burgeoning automotive and IT industry in this region is a key driving force pushing up the growth of the VR software market in the European region. Furthermore, the well-established infrastructure in the region propels the market growth, allowing faster implementation of advanced technologies.

The Asia Pacific virtual reality software market is growing rapidly. Factors such as the increasing number of businesses and growing inclination towards cloud platforms drive the regional market growth. Moreover, the growing adoption of IoT solutions & devices in rapidly developing countries, such as China, India, Japan, and South Korea, foster the growth of the regional market. Besides, increasing numbers of prominent players in the region influence the growth of the regional market.

Global Virtual Reality Software Market – Competitive Analysis

Fiercely competitive, the VR software market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product & technology launch. Matured players invest substantially in R&D to develop the technology and to upgrade their existing portfolio. They also invest in expanding their global footprints, transforming the business landscape in the future. Top companies strive to come up with advanced solutions to maintain themselves in the market competition.

Major Players:

Players leading the global virtual reality software market include Microsoft Corporation (US), Google Inc. (US), Blippar Inc. (UK), Metaio Gmbh (Germany), Pixologic Inc. (US), Qualcomm Incorporated (US), WorldViz. (US), Oculus VR, LLC (US), Starbreeze Studios (Sweden), HTC Corporation (Taiwan), Razer Inc. (Singapore), and BAE Systems AB (Sweden), among others.

Industry/Innovation/ Related News:

July 28, 2020 --- AfterNow (the US), a leading provider of mixed reality technology specializing in holographic user interfaces, augmented and virtual reality launched its new software - AfterNow Prez Remote in Beta, claiming it the future of remote. AfterNow is working on building the future of human computing with augmented reality and artificial intelligence.

The new solution - AfterNow Prez Remote in private beta delivers more engaging remote meetings, harnessing the power of augmented & virtual reality to avoid zoom fatigue.

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http://crweworld.com/india/maharashtra/pune/localnews/press-releases/1838581/global-artificial-intelligence-in-security-market-analysis-size-share-trends-and-forecast-2024-by-tech-trends-materials-printers-types-and-applications-effects-of-covid-19

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plc-scada-training-institute · 6 years ago

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bhagyashribhole123 · 6 years ago

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Augmented and Virtual Reality (AR & VR) in Healthcare Market Evolving Major Demand in Healthcare Industry Worldwide Till 2023

The AR & VR in Healthcare Market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.

Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market. For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.

Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.

However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.

To Get Sample Report visit https://www.marketresearchfuture.com/sample_request/7208

Key Players for Global Augmented and Virtual Reality (AR & VR) in Healthcare Market

Market Research Future (MRFR) recognizes the following companies as the key players in Augmented and Virtual Reality (AR & VR) in Healthcare Market: There are plenty of large and small market players which operate in this market all over the globe.

Some of the key players in the AR & VR in Healthcare Market are Atheer, Augmedix, Daqri, Firsthand Technology, Google, Medical Realities, Microsoft, Mindmaze, Oculus VR, Psious, EchoPixel, Inc., Osso VR Inc., SURGICAL THEATER, LLC, Orca Health, Inc., Hologic Inc., 3D Systems, Inc., and others.

Segments for Global Augmented and Virtual Reality (AR & VR) in Healthcare Market

The AR & VR in Healthcare Market is segmented based on technology, offering, device type, application, end user, and region.

The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology. The AR technology segment is further classified as marker-based AR and markerless AR. The marker-based AR segment includes passive marker, and active marker. The markerless AR segment includes model-based tracking, and image processing-based tracking. The VR technology segment is further classified as nonimmersive technology, and semi-immersive and fully immersive technologies.

Based on offering, the market is segmented into hardware components and software. The hardware components segment is further classified as sensors, semiconductor component, displays and projectors, position tracker, cameras, and others. The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor. The semiconductor component segment includes controller/processor, and integrated circuits. The software segment is further classified as software development kits, and cloud-based services.

Based on device type, the market is segmented into AR device type, and VR device type. The AR device type segment is further classified as head-mounted display, and handheld device. The VR device type segment is further classified as head-mounted display, gesture-tracking device, and projectors and display walls. The gesture-tracking device segment includes data gloves, and others.

Based on application, the market is segmented into fitness management, patient care management, surgery, pharmacy management, medical training and education, and others.

Based on end user, the market is segmented into hospitals & clinics, surgical centres, pharmaceutical companies, research and academic institutes, and others.

Regional Analysis for Global Augmented and Virtual Reality (AR & VR) in Healthcare Market

The Americas dominated the global market for AR & VR in healthcare owing to the rising demand to reduce healthcare cost and presence of major market players.

In 2017, it was estimated that Europe stood second in the AR & VR in healthcare market. This can be attributed to the rising funding for innovation and increasing technological advancements. For instance, the European Union’s Horizon 2020 programme is allocating nearly USD 91.51 billion of funding over seven years for research and innovation.

Asia Pacific was projected to be the fastest growing region in 2017. Increasing healthcare expenditure and high prevalence of chronic diseases drives the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held least share in the AR & VR in healthcare market due to the low per capita income and stringent government policies, especially within the African region.

To Browse Complete Report visit https://www.marketresearchfuture.com/reports/ar-vr-in-healthcare-market-7208

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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