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Location Based VR Market forecast to 2027 insights shared in detailed report- Eon Reality, Google, HQSoftware, HTC Corporation, Huawei Technologies, Intel, Microsoft

Press release   •   Jul 05, 2019 23:07 IST

An off-the-shelf report on Location Based VR Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.

Virtual reality (VR) is a combination of Hardware and Software that gives end-user a unique experience of visualizing the virtual environment in real time, emerging of new technology giving rise in demand for location-based virtual reality and high use of the application by end-use sectors such as healthcare, education, gaming, media and entertainment. There is expected growth in increasing the possibility of application in end-use industries such as retail, gaming, and the automotive sector. However location based VR market is expected to grow because of high adoption of hardware components, such as glass and Headsets.

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Market Dynamics

The location based VR market is primarily influenced by drivers such as emerging of new technology that is giving rise to a large number of internet user and electronic gadgets. Heavy investment in technology and entertainment market such as 4-D (dimensional) is giving rise to location-based VR market, and today many VR are expensive and best experience cost high for the average customer. Increasing demand for new technology and less time available will give rise to location-based VR market and expected to grow in the future.

Top Key Players are including in this report: Eon Reality Inc., Google, LLC, HQSoftware, HTC Corporation, Huawei Technologies Co. Ltd., Intel Corporation, Microsoft Corporation, Oculus VR, Samsung Electronics Co.Ltd., Sony Interactive Entertainment LLC

Market Segmentation
The global Location Based VR Market, market is segmented on the basis of Component, End-use, Application and Technology. Based on Component, the market is segmented into Hardware and Software. On the basis of the End-use the market is segmented into Amusement Park, Themed Attraction, Games, Automotive, Retail and Transport. On the basis of the Application the market is segmented into Entertainment, Gaming, Media, Training/ Simulation, Navigation and Sales. On the basis of the Technology the market is segmented into 2-Dimensional (2D), 3-Dimensional (3D) and Cloud Merged Reality (CMR).

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The report analyzes factors affecting location based VR market, market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the location based VR market, in these regions.

Reason to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Location based VR Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Location based VR Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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Company: The Insight Partners

Contact: Sameer Joshi

Phone: +1-646-491-9876


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