Virtual Reality Content Creation Market – Overview

Virtual reality (VR) content creation is software used in creating immersive experiences via different types of mediums. The mediums can be games, education, and others for providing entertainment or knowledge through a 360 degree perspective. The VR Content Creation Market report by Market Research Future (MRFR) provides a clear outline on various niches and trends in VR coupled with drivers and challenges to be aware of in the period of 2019 to 2025 (forecast period). The COVID-19 outbreak and its impact on the industry are also included. The report primarily understands the current VR Content Creation Market status, products, materials, services, and other key aspects of the market. In this research, the report explores the state of the market in the key regions.

Virtual Reality Content Creation Market Scope

The virtual reality content creation market is expected to register a CAGR of 76.5% during the review period. Rising demand of head-mounted displays by individuals and lowered costs of VR devices can drive the market demand significantly. Increasing demand for immersive experiences and its potential in entertainment and gaming sectors can bode well for the market.

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Rollout of VR content by TV channels for increasing the retention of viewers can drive the market demand. Recently, RTV Slovenia implemented VR for covering important announcement and news and registered 5,000 viewers in 2 minutes. According to a study by researchers at CUB Erasmus Hospital, Belarus, VR can improve tolerance of local anesthesia required for orthopedic procedures. The research indicated a drop in requirement for intravenous sedation by 50% for patients at the hospital.

But lack of awareness of benefits of VR in developing economies can impede the market growth.

Virtual Reality Content Creation Market Drivers

• The rise in demand for head-mounted displays (HMDs) such as VR and AR products.
• The high availability of cost-efficient VR devices in the gaming and entertainment sector.

Virtual Reality Content Creation Market Key Players

• Pixvana
• SubVRsive
• 360 Labs
• Koncept VR
• Scapic
• Blippar
• Panedia Pty Ltd.
• Matterport
• VIAR (Viar360)
• WeMakeVR 

Virtual Reality Content Creation Market Segmentation

Virtual Reality Content Creation Market has been segmented based on Content-Type, Component, End User, and Region.

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By content type, the Virtual Reality Content Creation Market segmented into

• 360-degree photos
• Videos
• Gaming

By component, the Virtual Reality Content Creation Market segmented into

• Software
• Service

By end user, the the Virtual Reality Content Creation Market segmented into

• Travel hospitality
• Media entertainment
• Gaming
• Healthcare
• Automotive
• Real estate
• Others

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Virtual Reality Content Creation Market Regional Analysis

North America dominated the global virtual reality content creation market in 2018 and is expected to have the largest market share during the forecast period. The growth is majorly attributed to the availability of well-developed IT infrastructure. Also, high IT spending capability of the countries in North America also supports the growth of virtual reality content creation in this region. Improvement in tolerance levels of anesthesia using VR is an indicator of the large potential for the market.

The market in Asia Pacific is expected to register the highest CAGR over the forecast period owing to increasing emergence of VR based startups across various countries in this region. Introduction of 5G networks and adoption of VR games by consumers are major drivers of the regional market.

Reasons for Buying This Report:

• It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
• It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
• It Helps in Understanding the Key Product Segments and Their Future.
• It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
• It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.

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