Thursday, 16 March 2017 09:16

VR Devices to Hit 110 Million

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VR Devices to Hit 110 Million

Virtual reality (VR) is ready to thrive off a swath of new and compelling content choices. ABI Research forecasts total VR device shipments will reach 110 million by 2021. While mobile device-reliant VR ship- ments—such as Samsung Gear VR and Google Daydream—dwarf today’s other VR device types, standalone devices will see a 405% CAGR through 2021, compared to a 42% CAGR for mobile VR.

“Mobile VR built a solid foundation for the overall market over the past few years, but standalone VR devices will even- tually drive it,” says Eric Abbruzzese, Senior Analyst at ABI Research. “However, a trend toward standalone devices is sur- facing, and will continue over the next five years until mobile and standalone VR devices see parity in terms of shipments.”

With an influx of standalone VR devices incoming, a greater range of use cases will be explored. ABI Research anticipates a total market size of $64 billion by 2021 [for gaming.] VR applications in retail and marketing will see a 124% CAGR through 2021. Video, education, and tourism are expected to see significant growth, as well.

—Source: ABI Research http://bit.ly/2l8gE3j

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