If you’re a tech enthusiast, then the chances are you’ve either probably been hearing about VR or have taken the plunge to start playing around with the hardware. On the other hand, as a business owner, you may have started incorporating working with VR products as part of your business operations, providing your clientele with more lifelike experiences. Either way, VR is and has been a talking point for a good few years now and it’s likely to continue creating astir as the market becomes more accessible. Whether you’re looking at the hardware for more recreational or business purposes, the VR market is growing at at a faster pace than it was previously, and investors may wish to get a piece of the proverbial ‘pie’ sooner rather than later.
With the summary provided below, we look at some of the key insights into the expected changes in the VR market between 2018 – 2022. These projections were originally reported in an infographic developed by the tech hardware comparison search engine site Aniwaa, the full graphic will be included for your review as well.
The VR Market Over The Next 4 Years:
2018: With the changes in VR hardware pricing, increasing the volume of purchases, it should come as no surprise that the sales forecasted for the year across VR and AR total to 8.9 million units, with VR hardware expected to garner the better part of sales.
2019: AR acquisition is expected to increase in 2019, with the awaited release of new innovative products to be made available, for more AR experiences. AR product sales are expected to reach up to 2 million units in 2019.
2020: By 2020 AR and VR reportedly will be more established and 1 in 3 people are expected to have had a VR experience at this point.
2021: More rampant movement is expected in the acquisition of AR and VR hardware by 2021 and projections indicate that sales to the value of $215 billion will be made collectively at this stage across AR and VR hardware.
2022: It’s expected that by 2022, the volume of AR and VR sales will be on more of a similar footing and it may be that at this point AR could be the largest contributor to sales across AR, VR and MR hardware.
With all the expected changes in growth in the VR and AR technology sector, it’s understandable that angel investors, venture capital investors and large corporations are betting on and placing their allegiance with these immersive technologies. There are several more reports from other trusted entities which show similar projections, suffice to say VR is here to stay it may be wise to invest while you can.
