Orbis Research Report Predicts 147% Growth of Active VR Users in Next FIve Years

Published by , October 3, 2016 9:32 am

(3DVRCentral)  Orbis Research new “Virtual Reality Market Outlook: Technology, Solutions, Content, and Applications 2016–2021″ predicts the number of active VR active users will grow by 147%. CAGR during the forecasted period.Global VR active users will grow by 147% CAGR during the forecasted period.OrbisResearch.com states the virtual reality market is poised to experience a huge transformation during the next five years driven by advances in devices, apps, components, content and broadband communications.
“The purpose of virtual reality (VR) technology is to provide a near-real experience using reality emulation in a virtual environment,” the company said in a release highlighting the report. “The anticipated precipitative price decline for consumer headsets will also spur VR market growth, causing app and content development to reach an inflection point. Robust growth of VR headsets will be seen in both high-end and mid-tier adoptions. Fully immersive VR systems will gain substantial momentum by 2020.”

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