New data from SuperData Research shows that revenue generated by virtual reality (VR) games is set to rise from $1.1 billion in 2020 to $2.2 billion by 2023, indicating the strong growth trajectory VR gaming is on. Additionally, over 70% of VR gamers report feeling fully immersed in the virtual environment, with VR technology becoming more affordable as prices for VR headsets fall, allowing for it to become accessible for the average consumer. As a result, VR gaming is set to become a key part of the gaming landscape with the growth of VR games and applications.
The Growing Popularity of Virtual Reality Games
New Data Shows Promising Trends for VR Technology
Virtual reality (VR) technology has been gaining popularity in recent years, as more and more people are drawn to the immersive experience it provides. New data has emerged that shows just how much the popularity of VR games is on the rise, and the promising trends this presents for the future of VR technology.
VR Gaming Revenue Set to Skyrocket
A report from SuperData Research shows that the revenue generated by VR games is set to skyrocket in the coming years. In 2020, VR gaming revenue was estimated to be around $1.1 billion, with this figure set to rise to $2.2 billion by 2023. This represents a massive increase of 100% in just three years, indicating the strong growth trajectory that VR gaming is on.
High Levels of Engagement Among VR Gamers
One of the key reasons behind the rising popularity of VR gaming is the high levels of engagement that it offers. According to a survey by Statista, over 70% of VR gamers report feeling fully immersed in the virtual environment, with many saying that they feel like they are ‘inside’ the game. This level of engagement is unmatched by traditional gaming, and is a major factor in driving the growth of VR gaming.
VR Technology Becoming More Accessible
In the past, one of the major barriers to entry for VR gaming was the cost of the technology. However, this is changing rapidly, with the price of VR headsets and other equipment falling rapidly. The Oculus Quest 2, for example, is a standalone VR headset that is priced at just $299, making it much more accessible to the average consumer than earlier models. This increased affordability is sure to drive further growth in the VR gaming market.
New VR Games and Applications Being Developed
Finally, another reason behind the rising popularity of VR gaming is the influx of new games and applications being developed for the technology. From VR versions of popular games like Minecraft and Beat Saber, to new, innovative applications like VR meditation and therapy programs, the possibilities for VR gaming are endless. As more and more developers turn their attention to this exciting new technology, we can expect to see even more amazing VR experiences in the years to come.
Conclusion
The data is clear: the popularity of VR gaming is on the rise, and this presents some very promising opportunities for the future of VR technology. With high levels of engagement, increased accessibility, and a growing library of games and applications, it seems that VR gaming is set to become a key part of the gaming landscape for years to come.