Virtual reality (VR) technology is finally taking off, based on recent sales statistics. Market research firm SuperData predicts that the VR gaming industry will generate $2.3 billion in revenue in 2020, a 30% increase from the previous year. The number of VR headset owners has doubled since 2018, reaching 14 million in 2019. Oculus and Sony’s PlayStation VR are two major players in the market, with Oculus Quest selling out in many locations. Apart from gaming, VR can also be used for training purposes or virtual tours. SuperData predicts that the VR gaming industry will generate $6.2 billion in revenue by 2023.
Virtual Reality Takes Off
Introduction
Virtual reality (VR) has been a hot topic for several years, but recent sales statistics reveal that it is finally taking off. VR gaming technology has seen a significant increase in sales, signaling that consumers are increasingly interested in the immersive experience offered by VR.
Statistics
The statistics speak for themselves. According to market research firm SuperData, the VR gaming industry is expected to generate $2.3 billion in revenue in 2020 alone. This represents a 30% increase from 2019. In addition, the number of VR headset owners has doubled since 2018, reaching 14 million in 2019.
Major Players
Oculus, owned by Facebook, is one of the major players in the VR gaming market. The company’s Oculus Quest headset has been a huge success, selling out in many locations. Sony’s PlayStation VR is also popular, with over five million units sold since its launch in 2016.
Applications Beyond Gaming
While the current focus is on VR gaming technology, there are many applications beyond gaming. For example, VR can be used for training purposes, allowing employees to experience simulations before handling real-life situations. VR can also be used for virtual tours of real estate properties or tourist attractions.
Future Outlook
The current trend of increased sales in VR gaming technology is expected to continue. By 2023, SuperData predicts that the VR gaming industry will generate $6.2 billion in revenue. In addition, as the technology continues to improve, we can expect to see more applications beyond gaming, making VR an integral part of various industries.
Conclusion
The sales statistics for VR gaming technology reveal a promising future for this immersive technology. With major players like Oculus and Sony leading the way, and a growing number of applications beyond gaming, the potential for VR is limitless.