Futuresource Says Location-Based VR at $800 Million by 2022; FOIL Event Will Explore Opportunities

Published by , April 23, 2018 2:59 pm

(Variety.com)  Futuresource Consulting VR Tracker Report indicates that virtual reality (VR) arcades and other location-based VR entertainment venues could generate more than $800 million in worldwide revenue by 2022. Consumers are expected to spend $299 million on location-based VR entertainment in 2018, according to Futuresource. Those interested in LBE and VR have an opportunity to explore business models and the revenue opportunities by attending’The Future of Immersive Leisure’ event in Las Vegas May 16-17.
Futuresource estimates that higher-end location-based VR will play an increasing role over the next five years. By 2022, multiplayer VR experiences will make up 41 percent of all the global location-based VR revenue, the company estimates. “Multi-player location-based VR allows players to roam free, untethered and with others in a VR environment,” said Futuresource associate director Carl Hibbert in a statement.