Google, Samsung and LG Try to Dethrone Oculus in The Global Virtual Reality Market

The virtual reality market is valued at USD 1.21 billion in 2015 and is estimated to grow at a CAGR of 60.90% and reach USD 13.05 billion by 2020.

Our report on the global virtual reality market is segmented based on product type, VR technology, application and geographically. The aforementioned segments are further broken down as

In terms of devices, head mounted display devices held the major share of market, over 50% in 2015, while gesture tracking devices are expected to be the fastest growing over the forecast period 2015-2020. Google, Qualcomm along with a few other organizations invested close to USD 800 million in a very promising VR start-up, MagicLeap. It all started back in 2012 when Oculus Rift raised 2.4 million USD in a seeding round, which was six-fold their required budget. Samsung's partnership with Vortex VR and LG's partnership with Google are steps taken in the infanthood of an upcoming giant.

Some of the major players discussed in the report are Google, Apple, Samsung, Microsoft, Qualcomm, Facebook, Total Immersion, Sphero, Sony, POPAR, Nintendo and many others.

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