Virtual Reality Market Expected to Reach 44 Billion by 2024

According to the new market research report “Virtual Reality Market by Offering (Hardware and Software), Technology, Device Type (Head-Mounted Display, Gesture-Tracking Device), Application (Consumer, Commercial, Enterprise, Healthcare, Aerospace & Defense) and Geography – Global Forecast to 2024″, published by MarketsandMarkets, the market is expected to grow from $7.9 billion in 2018 to $44.7 billion by 2024, at a CAGR of 33 percent during the forecast period. Factors such as penetration of HMDs in gaming and entertainment sector, huge investments in VR market, advancement of technology and growing digitization, and availability of affordable VR devices will propel the virtual reality market during the forecast period.

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