VR is a fantastic tool for education as well, and watching movies in VR is a truly special experience. Between 2021 and 2028, the markets CAGR (Compound annual growth rate) will reach around 31.4% overall. These predictions forecast that by 2023, this number will grow to 65.9 million people. Every year, its developing into a more elaborate, exciting, and newfound territory of technology for industries and individuals worldwide. Either way, this represents the small portion of the population considering the majority of Americans in this survey, 76%, have never tried a VR headset. According to a Greenlight Insights report, this number has risen sharply from only 45% in 2015, showing that people are getting more and more comfortable with VR. Teaching surgeons, studying diseases, even helping with mental health are just some of the possibilities. sturdy software. This standalone VR HMD dominates Steams VR gaming statistics, overtaking the Valve Index headset (owned by 17% of SteamVR users). 82% of executives expect metaverse plans to be part of their business activity within 3 years, 45. As of 2021, there are 57.4 million VR users VR development is focused around gaming, entertainment, and social media - which is no surprise, considering how huge those industries are and how many people use VR to play games, interact with others, and watch TV shows. site, we may earn a commission. 31. The US and China will continue to dominate virtual reality in 2020, but western Europe is expected to overtake Japan. VR allows you to live a story rather than being a passive observer, leaning into the wants of this younger demographic. 33 percent of UK customers and 29 percent of US customers do not know what the metaverse is: On one hand, companies are investing heavily in the metaverse an integrated VR space where users can communicate, collaborate, play and learn yet, market awareness has failed to reach the same momentum as nearly a third of consumers do not understand the metaverse. Virtual reality is becoming increasingly popular, which means the job demand for the industry is also on the rise. Access to this and all other statistics on 80,000 topics from, Show sources information 23 million VR-related jobs will open by 2030. Virtual reality statistics show that people are using VR more than ever, and researchers predict rapid market growth in years to come. expenses of running this site. Are you interested in testing our corporate solutions? DataProt remains financially sustainable by participating in a series of affiliate partnerships - it is How much are consumers spending on VR in 2023? Facebook groups related to AR/VR have increased by 27 percent to 649 percent: Meta has launched a new quarterly series called. VR is expected to generate $6.7 billion in revenues. Today, the VR headset market size is worth approximately $8.1 billion, 20. 3.7 billion people globally are still offline and are locked out of VR adoption: Even as AR/VR goes mainstream, it is important to note that it remains inaccessible to many. However, the United States is still the most prominent region for the VR market to date. All that startup potential is already showing and, within the next two years, things will get even more interesting. In a survey conducted by Greenlight Insights, the majority of respondents said theyre familiar with VR. That figure was up from 16% the previous year. document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_6" ).setAttribute( "value", ( new Date() ).getTime() ); Please fill out the form below and your selected Smart Guide will be sent to you. In 2020, the gaming industry earned $1.1 billion. The latest virtual reality statistics show that the global market size of AR and The opinions Eight in 10 manufacturers know VR is the future. This is up from the $7.7 billion it was worth in 2020. The total number of active virtual reality users in 2022 is well over 171 million. While 60% of parents are concerned about VR health and safety issues, 62% say they can see virtual reality uses in enhancing their childrens education. Of these, 31.3 million are doing so via virtual reality headsets. Conversely, newspapers, magazines, traditional TV, and home video will shrink 1 percent, forecasts PwCs Global Entertainment & Media Outlook 20212025. But that doesnt mean there arent many VR enthusiasts already: Steam has more than 120 million users now, meaning that that seemingly measly 1.8 % actually converts into 2.16 million gamers with VR headsets. Samsung Gear and Google Daydream are the most popular VR headsets for mobile phones. Nearly 1 in 3 consumers own an AR/VR device, and 15 percent will buy such a device in 2022: Annual Survey on Consumer Attitudes Towards Technology. In, The Insight Partners. The companys June edition of AlphaCurrents report mentioned the word 73 times in Q2, 2021, up from less than 10 times in Q4 the previous year. [Online]. The mention of the word metaverse rose sharply in corporate earning calls, with the word being mentioned 73 times in Q2 2021: Morgan Stanley and other wealth management firms paid special attention to metaverse as an investment area in 2021. You need a Statista Account for unlimited access. DataProt is an independent review site dedicated to providing accurate information about various A lot of people are working on developing new VR apps, games, and experiences. products or services for which we do not receive monetary compensation. The companys. The U.S. is expected to see a 484.2 billion boost to its economy by 2030 increasing GDP by 2.83%. Japan is in a distant third place with $1.76 billion, followed by western Europe ($1.74 billion). Remote control through VR could not only decrease the risk of injury, but also improve productivity in many industries. Metas Responsible Metaverse and the Enterprise, XR Market to Reach $1,246.57 billion Value, How Meta is Approaching the Future of Work. 11 million VR units will be sold by the end of 2021. Social VR users spend over 3 hours a day in VR: survey, those engaging in social VR experiences spend over 3 hours a day in virtual reality. and remain objective. In 2022, there are over 950 VR startups in the United States, 48. Good VR setups are expensive, since they require a powerful PC along with a headset and controllers - a luxury that many cant afford, especially due to current GPU shortages. before we ever join a company's affiliate program. The following virtual reality statistics for 2022 will expound on the trend. As of 2022, VR gaming is the biggest segment in the VR software B2C market. A virtual reality device could soon become a part of onboarding procedures in many companies across the world. from The Information, nearly 10,000 employees work in the companys Reality Labs division, which is nearly a fifth of the companys entire workforce. A recent experiment conducted by Walmart had employees train via VR. By current data, the VR software market is en route to reach $5 billion by the end of 2021. We are in process of revamping Virtual Reality in Education Market with respect to COVID-19 Impact. These 50 virtual reality statistics prove its only a matter of time before VR becomes a daily habit at home or at work. About 38% are Gen-Y, 18% are Gen X, and just 6% are Baby Boomers. Its expected to grow at an 18% CAGR during the next seven years. However, a study shows that many consumers share their VR devices. While the technology is there and widely available, for an average consumer, its still a bit too pricey and weird. Another important statistic when it comes to virtual reality user demographics is that among those who intend to purchase a VR system someday, more than 2/3 are men. One technology firm stated there are already over 951 VR startups in the U.S. Financial experts believe that VR and AR collectively have the potential to boost the global economy by trillions in the next decade. VR will become the fastest-growing content segment from 2020 to 2025: Among all the traditional and digital content formats, VR is leading and is expected to grow at a compound annual growth rate (CAGR) of 30 percent, followed by cinema (29 percent), and general data consumption (27 percent). This is followed by 26% allocated to creating advertising content, 25% to live streaming, 24% to film and entertainment, 22% to news and 20% to music. Right now, VR is the peak of interactivity. More than 1 in 3 US consumers would rather buy AR/VR devices from Apple: Even though Apple is yet to launch a VR headset, it has a large number of loyalists. Valves latest entry in the beloved Half-Life series is also one of the fastest-selling VR games of all time. Virtual reality statistics show that VR started disappearing from the public eye during the late 1990s and early 2000s. The VR gaming industry is steadily growing. Scroll on to learn 50 virtual reality statistics. Statista. VR statistics reveal how a typical VR user perceives this technology. August 02,2022. Meanwhile, 15% of survey respondents said they are likely to buy a VR device in the next year. It also found 83 percent said that the pace of investment will increase in 2022 and 37 percent expect a significantly higher pace of investment than in previous years. Nearly half - 48% - of respondents to a recent survey said that their primary monetization method in 2019 will be subscriptions and virtual reality sales. Its also bizarre, especially to people not used to the accompanying feeling of immersion. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The tech is becoming more affordable, apps and games more immersive, and more people are interested in it, according to statistics on VR users. Over the past few years, 2018 to 2021, virtual reality (VR) users in the United Augmented reality is closely related to virtual reality. 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