Virtual Reality in Gaming

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For the past few years, Virtual Reality gaming industry has already won significant market size and still shows fast growth rate. In the beginning, the idea of virtual reality was fascinating and a little bit fantastic. Though, as VR came true, we can all agree, it has potential to become the next “big thing”. At least, virtual reality in gaming, for sure.

Since the release of first prototypes of Oculus VR and Samsung Gear VR, the new age of virtual reality has started. In 2015 HTC has launched Vive headset, equipped with the hand controllers and tracking technology. And by the end of that year, global revenues of Virtual Reality in gaming industry reached $4.3 billion.

The year later there were 230 VR development companies, producing both virtual reality hardware and software. Based on these data and huge demand, experts predicted the 25-27% annual growth rate of VR gaming market, with total revenue exceeding $45 B in 2025.

VR gaming market revenue forecast (in $ billions). Source: Grand View research

This forecast of growth is based on the current VR game market trends:

  • hardware production leaders like Oculus, HTC, Sony, Google are tending to develop more mobile and affordable VR headsets;
  • new innovative technologies of the VR headset, which provide the freedom of movement and recreation of 5 basic feelings, will define the growth of VR content;
  • Nintendo, Microsoft and Sony are predicted to low down the price for VR game products in the next few years.

As for the hardware shares, due to growing mobility, the amount of VR consoles sales is likely to drop (5% fall in 2017). Despite this, sales of VR headsets increased by 32% by the end of 2017. The next big leap is expected t be a standalone VR headset and appropriate gaming content.

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Virtual Reality in gaming: what’s in it for business?

Initially, VR HMDs were made for entertainment, with focus on games. By 2018, Virtual Reality has stepped out and expanded to marketing, retail, military, education, fitness and healthcare. Such wide coverage definitely brings advantages both for consumers and businesses.

For consumers, VR literally expands the edges of the world and gives new options in a three-dimensional gaming environment. VR games also introduce:

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MVP of your VR app for 14 days!

Get a free estimate in 24h

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    Help with product management
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    From $25 hourly
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    100+ AR & VR developers

How do we work?

  • 24hfor estimate
  • 7dfor wireframes
  • 2wfor MVP

 

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