PUNE, India, January 16, 2023 (GLOBE NEWSWIRE) — The global Virtual Reality Market Size was estimated at $11.64 billion in 2021. The market is projected to grow from $16.67 billion in 2022 to $227.34 billion in 2029, with a CAGR of 45.2% during the forecast period. Increasing application of virtual technology in numerous sectors to increase growth. This information is provided by Fortune Business Insights in its report titled Virtual Reality Market Forecast, 2023-2029.

Key Industry Development:

Nvidia Corporation has announced it is merging with other cloud service providers for high-quality VR streaming. With cloud-based streaming, users can access virtual, augmented and augmented reality from any position.

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Report scope and segmentation

The central theses

• Growing demand for virtual live entertainment to drive market growth.
• Ability to offer an immersive environment to meet the demand for head mounted displays
• Virtual Reality market size in North America was US$3.58 billion in 2021
• The Asia-Pacific region shows rapid growth during the forecast period due to the increasing demand for immersive technologies in the emerging markets.

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https://www.fortunebusinessinsights.com/industry-reports/virtual-reality-market-101378

Driver and restraint systems:

Increasing live virtual entertainment to fuel Virtual Reality market growth

• The notion of virtual live entertainment is burgeoning around the world. At the moment,…