DeFi Daily News
Monday, June 9, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Metaverse

How the Virtual Reality Market’s Path to a $57 Billion Valuation by 2030 Will Transform Global Training

Victoria d'Este by Victoria d'Este
October 25, 2024
in Metaverse
0 0
0
How the Virtual Reality Market’s Path to a  Billion Valuation by 2030 Will Transform Global Training
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article
by
Victoria d’Este


Published: October 25, 2024 at 12:30 pm Updated: October 25, 2024 at 11:34 am

by Ana


Edited and fact-checked:
October 25, 2024 at 12:30 pm

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

In Brief

GlobalData predicts a 26% CAGR growth in the global VR industry, reaching $57 billion by 2030, despite potential barriers to mainstream acceptance.

How the Virtual Reality Market’s Journey to a $57Bn Valuation by 2030 Will Reshape the Training Worldwide

The worldwide VR industry is expected to rise greatly, from $11 billion in 2023 to $57 billion by 2030, despite obstacles that might hinder mainstream acceptance, according to latest predictions from GlobalData. This expansion amounts to a 26% compound annual growth rate (CAGR) for this time frame. Stakeholders in this changing landscape must comprehend the dynamics of this expansion, the reasons impacting it, and the difficulties that lie ahead.

Market Dynamics: Software and Hardware Growth

Numerous reasons, including technological developments, declining prices, and changing customer tastes, are driving the expansion of the virtual reality industry. According to GlobalData’s Strategic Intelligence research, the revenue proportion of VR hardware is predicted to rise from 39% to 41%, while the revenue share of VR software is predicted to significantly decrease from 61% in 2023 to 59% in 2030. This change reflects a greater focus on hardware as VR becomes more widely available.

How the Virtual Reality Market’s Journey to a $57Bn Valuation by 2030 Will Reshape the Training Worldwide

The production of increasingly immersive experiences and advancements in content creation technologies are driving the growing demand for VR software. Users are expected to get increasingly involved with VR as developers improve the applications’ quality and engagement. Furthermore, it is anticipated that the decrease in VR headset hardware costs would draw in more customers and promote broader adoption.

Mixed Reality’s Ascent

The shift to mixed reality (MR), a hybrid technology that incorporates virtual items into the actual world, is an intriguing trend in the VR space. As they want to broaden their product lines, VR hardware makers are finding this change to be more and more alluring. After first concentrating just on VR headsets, companies including HTC, Meta, and Pico have begun to look at MR solutions. For example, HTC’s Vive Focus 3, which debuted in 2022, is a stand-alone MR headset, while Meta is working on adding MR functionality to its lineup of headsets.

This tendency is best shown by Apple’s Vision Pro, which is expected to debut in early 2024 and shows how the industry may go toward MR technology. Opportunities in a number of industries, including design, education, and healthcare, are presented by MR’s capacity to merge digital and real surroundings. Overlapping digital features onto the physical environment can improve user experiences and processes in various domains, increasing engagement.

Overcoming Adoption Obstacles

Even if the VR industry is expected to increase, there are still a number of obstacles that might stop it. The price of VR headsets, which normally run from $200 to $1,000, is one of the biggest obstacles. Many potential users may not be able to afford the high-performance equipment required, particularly for tethered headsets.

Another area of research is health issues associated with extended VR use. Motion sickness, headaches, and eye strain are among the problems users have experienced, which may discourage potential consumers. These health issues need to be resolved through better user experience and design if VR is to succeed in the long run. This might entail creating more comfortable and lightweight headsets and improving software to lessen user pain.

An Essential Component of the Content Ecosystem

The creation of engaging and varied virtual reality material is essential to the technology’s success. Even while several noteworthy VR experiences have captured audiences’ attention, building a strong content ecosystem that regularly produces top-notch experiences is still difficult. The lack of a wide variety of uses and experiences may restrict VR technology’s attractiveness and impede its development.

Content producers need to concentrate on creating captivating experiences that appeal to users if they want the VR business to flourish. This entails investigating a range of genres, from entertainment and gaming to instruction and training. There is a greater chance of establishing a thriving ecosystem as more developers venture into the virtual reality arena and try out creative material.

Stakeholder Strategic Considerations

The worldwide VR industry is expected to reach a worth of $57 billion by 2030, therefore players need to be on the lookout and adjust to the shifting conditions. Businesses that produce VR software and devices should carefully think through their approaches. To take advantage of new prospects, some may decide to concentrate on improving VR skills, while others may decide to switch to MR.

Businesses will need to spend money on research and development in order to provide novel products that satisfy consumers’ changing wants. Additionally, collaborations with developers and content producers may support the expansion of a varied content ecosystem, guaranteeing that consumers will have access to engaging experiences.

Virtual Reality’s Future

The worldwide virtual reality market forecast points to a bright future marked by substantial expansion and innovation. Although there are issues with cost, health, and content creation, technological developments and changing customer tastes offer a positive environment for the sector.

Stakeholders must continue to take the initiative to solve these issues as VR technology develops and take advantage of chances to reach a wider audience. The shift to mixed reality might also be crucial in determining how the VR industry develops in the future by providing fresh opportunities for expansion and interaction.

In conclusion, cooperation, creativity, and a deep comprehension of market dynamics will be necessary to reach the $57 billion worldwide VR industry by 2030. Realizing the full potential of virtual reality technology will depend on the industry’s continued commitment to developing immersive experiences and breaking down obstacles.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

More articles


Victoria d’Este









Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.


Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

Virtual Reality: The Future of Immersive Experiences

As the virtual reality industry embarks on a journey towards a $57 billion valuation by 2030, stakeholders must prepare for a dynamic and evolving landscape. With market dynamics shifting towards hardware growth and software innovation, the expansion of VR holds immense potential.

Mixed reality’s ascent adds a new dimension to the VR space, promising to merge digital and real worlds for enhanced user experiences. Overcoming adoption obstacles such as cost and health concerns will be critical for the industry’s sustained growth.

Creating a diverse and engaging content ecosystem will drive VR’s success, offering users immersive experiences across various genres and industries. Stakeholders need to strategize and collaborate to seize new opportunities and cater to evolving consumer demands.

The future of virtual reality lies in creativity, collaboration, and a deep understanding of market trends. By embracing technological advancements and addressing challenges head-on, the VR industry is poised for a bright future filled with innovation and growth.

For more exclusive tech news and insights, visit DeFi Daily News.



Source link

Tags: BillionGlobalMarketsPathRealitytrainingTransformValuationVirtual
ShareTweetShare
Previous Post

Crypto Expert Predicts Ethereum to Surpass Bitcoin and Solana: Could $12,000 Be Achievable?

Next Post

Here’s why betting markets are favoring a Trump presidency

Next Post
Here’s why betting markets are favoring a Trump presidency

Here’s why betting markets are favoring a Trump presidency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

Changelly Collaborates with BRLA Digital and Announces Zero-Fee Campaign – Cryptocurrency Insights & Trading Guidance on Changelly’s Blog

July 25, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
5 Crypto Experts Predict: Bitcoin is About To EXPLODE Just Like Gold!

5 Crypto Experts Predict: Bitcoin is About To EXPLODE Just Like Gold!

May 3, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
I Built The DREAM Office Setup!

I Built The DREAM Office Setup!

November 30, 2024
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
rewrite this title Italy give Spalletti winning send off

rewrite this title Italy give Spalletti winning send off

June 9, 2025
rewrite this title Plasma Attracts 0 Million for ICO—And One Trader Spent 0K on Ethereum Gas Fees – Decrypt

rewrite this title Plasma Attracts $500 Million for ICO—And One Trader Spent $100K on Ethereum Gas Fees – Decrypt

June 9, 2025
rewrite this title iOS 26 is giving the iPhone’s Camera app an upgrade I’ve been waiting years for

rewrite this title iOS 26 is giving the iPhone’s Camera app an upgrade I’ve been waiting years for

June 9, 2025
rewrite this title National Iced Tea Day Freebies 2025

rewrite this title National Iced Tea Day Freebies 2025

June 9, 2025
Should I Tell My Wife That We’re Secretly Wealthy?

Should I Tell My Wife That We’re Secretly Wealthy?

June 9, 2025
rewrite this title and make it good for SEO Leading Crypto to Buy? BlockDAG Courts the NBA While INJ, TIA, & SUI Build Momentum

rewrite this title and make it good for SEO Leading Crypto to Buy? BlockDAG Courts the NBA While INJ, TIA, & SUI Build Momentum

June 9, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.