Technology News & Trends

Abuzz with the steady influx of new and more innovative technologies and products, the global market for virtual reality in gamingfeatures a highly dynamic vendor landscape and cut-throat competition among some of the leading and internationally most acclaimed gaming companies, observes Transparency Market Research in a recent report. Traditionally dominated chiefly by technology giants such as Apple, Sony, Microsoft, and Nintendo, the market is steadily becoming more fragmented as new, small and medium-sized companies as well foray into the market with innovative product offerings. However, powerful brand equity allows traditional leaders an upper hand, which continue to hold a significant share in the overall market. For achieving recognition and consumers in the highly competitive market, companies need to put more emphasis on innovative marketing strategies and R&D activities aimed at the development of new product varieties. Focus on emerging regional markets with rising...

The research report on virtual reality in gaming market provides detailed industry analysis and helps in understanding the driving forces behind the popularity of virtual reality games in the global market. Virtual reality provides a simulated environment created with the help of hardware and software, which the user experiences as a real environment. Virtual reality in gaming refers to the use of sound and graphics technology in games where the user wears devices such as head mounted display (HMD), gloves or glasses as a part of their experience. The report includes segmentation of the global virtual reality in gaming market by component, console and geography. Further, it provides current and forecast market size by revenue (USD million) for the aforementioned categories. Cross sectional analysis for geography segments is a part of the scope. Factors influencing and inhibiting the growth of the market have been analyzed in the report. The market overview section of t...