VR Poised to Reach $35 Billion

VR Poised to Reach $35 Billion

 

The Virtual Reality War has begun. Alphabet’s launch of Pixel Smartphone and new VR headset has joined the battle with Facebook, Microsoft and Samsung. With the heavy adoption of the technology comes the realization that VR IS in the future for enterprise learning.

VR is currently estimated to be a $1 billion industry according to Deloitte Global, but will explode to $35 Billion by 2025 according to BI Intelligence.  Video games and entertainment are the largest VR market segments accounting for$18.9 billion of the $35 billion market in 2025. Enterprise VR applications will generate 54% of VR market with Healthcare and Engineering leading the enterprise market.

 

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