How Big Will The VR Gaming Market Be In 2031?

On September 16th, Transparency Market Research released a new report providing an analysis of the future of the virtual reality gaming market. According to this study, the global VR gaming market will be worth $86.22 billion by 2031, registering a compound annual growth rate (CAGR) of 32.2% between now and then.

“Improved spending power of people in developed and developing nations is leading to profitable prospects in the virtual reality in gaming market,” reads the report. “Increase in the adoption of latest technologies including 3D effects, motion tracking, and interactive graphics in gaming is driving the growth in the global virtual reality in gaming market.”

According to the study, North America is expected to gain significant opportunities for growth during the aforementioned forecast period. Meanwhile, Western Europe will also see extensive growth in the industry thanks to the adoption of VR gaming.

(All information was provided by PR Newswire)

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