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Research has shown that training that incorporates VR reduces the chances of work-related injuries by 43%. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Let's start with some general facts about the market.

PR Newswire. A recent analysis by leading consulting services firm PricewaterhouseCoopers purports that the tech is capable of injecting approximately $1.83 billion into the world economy by the end of this decade. So, how much is the VR market worth? Virtual reality and augmented reality technology are no longer considered unattainable, as there are over 171 million VR users around the world and over 50 million in the U.S. alone. The virtual reality gaming market size is projected to reach $92.31 billion by 2027. Thanks to the innovations in VR development, virtual reality games are the new big thing in the world of gamers. Using immersing in VR accessories, and 3D environments, game makers are improving their products and pushing this growth. This means that 13% of the American population used VR once a month in 2019. According to a worldwide survey of startup founders, tech company executives, investors, and consultants, 59% of respondents believe gaming will dominate the investment directed to the development of AR/VR technology. As contact is cut off from the rest of the world, many companies and employees started to adopt AR and VR technology to remote work and attend events. 52.1 million people in the US will use virtual reality technology at least once per month in 2020 (eMarketer, 2020). The 360-degree videos hosted on Facebook have generated over 580 million views. That gaming is the most popular use that VR is put to by consumers is also reflected in the high number of VR users who buy games.

In terms of AR/VR spending in 2020 by region, China leads the world with $5.8 billion, followed by the US ($5.1 billion), Western Europe ($3.3 billion), and Japan ($1.8 billion). This is a significant boost compared to what we had in 2020 52.1 million and 82.1 million people in the US used AR and VR at least once per month. #software #hardware #statistics

But the industry is growing and there are surely amazing things ahead.

According to the latest virtual reality statistics, its market size is expected to reach $ 92.31 billion in 2027, marking a compound annual growth rate of 30.2 percent in the seven-year period between 2020. and 2027 (Grand View Research, 2020). 53% of organizations use VR/AR technology for product engineering and virtual design (TechRepublic, 2020). The number of VR users in the U.S. has increased from 22.5 million in 2017 to 50.2 million in 2020.

The sectors where AR and VR technology has been this beneficial include: The number of U.S. jobs that use AR or VR is projected to reach 2.32 million in 2030. China accounted for 38.3% of the global AR/VR share in 2020. bulky hardware and technical glitches) is an obstacle to the mass adoption of VR.

Besides, the company projected that the 5-year ROI of a single VR-based course could reach 300%. This is based on expectations that the global market value will increase from $7.7 billion in 2020 to $26.9 billion in 2027. The short answer is no. This will all change this decade, with as many as 23 million jobs set to be using AR and VR in one way or another for training, meetings, and customer service purposes by 2030 (PwC, 2019). At the moment, 26% of businesses use VR in training, and it has a retention rate of 75%, surpassing lectures, reading, and audio-visual learning. With its widespread adoption in training, education, and healthcare, the VR market Vorobyev Vladimir on LinkedIn: Virtual Reality Statistics To Know In 2023 - XR Today Until recently, consumers were dying with the hope that the technology will soon change the way they shop in-store and do things online.

EU Office: Grojecka 70/13 Warsaw, 02-359 Poland, US Office: 120 St James Ave Floor 6, Boston, MA 02116. As of January 2021, there are 61 VR games on Steam (Steam, 2021). With its widespread adoption in training, education, and healthcare, the VR market Vorobyev Vladimir on LinkedIn: Virtual Reality Statistics To Know In 2023 - XR Today Given the potential and benefits of virtual reality technology, it should come as no surprise that the demand for AR and VR headsets is set to gain further traction in the near future. Statista. This is followed by the entire Western Europe bloc with $3.3 billion and Japan with $1.8 billion. According to this survey of manufacturing companies from across the world, an additional 38% believe it will be mainstream technology in their organization in three to five years. Investments in AR and VR were estimated 2016 Virtual Reality (VR) Market Size Revenue To Grow by USD 26.89 Billion in 2022. Accessed on February 1, 2022. Hardware issues, lack of content, and low growth beyond gaming are some of the problems making people think of VR as an overhyped fad. (L.E.K. However, all is not gloom and doom, and businesses should endeavor to break the barriers of VR adoption to keep pace with consumer interests.

Using VR, the ecommerce company digitally fitted models with their new designs. A smaller set of glasses is also expected to be up for sale the following year. Uses of Virtual and Augmented Reality by Industrial Companies. At the height of the COVID-19 pandemic, retailers who leveraged AR experienced a 19% increase in customer engagement as well as a 90% spike in customer conversions (Retail Customer Experience, 2020).

Because of the nature of such jobs and the high costs of mistakes, the simulation permitted by virtual reality makes it a practical solution as it allows them to practice in a safe environment. What will virtual reality do? The whole idea of VR is still new to the mainstream market and it is still unclear whether the public will take to it or not. The most common ethnicity among virtual reality specialists is White, which makes up 57.3% of all virtual reality specialists. From 2018 to 2022, the number of monthly users of VR will have increased by 75.7% (Oberlo, 2020). Virtual Reality (VR) Headset Unit Sales Worldwide in 4th Quarter 2019 and 4th Quarter 2020, by Device. Accessed on February 1, 2022. This results in an increase in overall efficiency. 75% of industrial companies that have implemented large-scale VR and AR technologies saw a 10% increase in operations. 2016 Virtual Reality (VR) Market Size Revenue To Grow by USD 26.89 Billion in 2022. Compared to other industries, the virtual reality gaming space has won a notable market size. This way, not only could their models comply with social distancing regulations and not have to go to the studio to try on these products, but ASOS could also successfully and creatively market their products to their customers in lockdown. Number of Jobs Enhanced by Augmented Reality (AR) and Virtual Reality (VR) in the United States From 2019 to 2030. VR training reduces the occurrence of workplace injuries by 43% (Chaos Theory Games, 2020). While it has not metamorphosed into a ubiquitous technology, we hope it will.

As of 2023, there are 65.9 million VR users and 110.1 million AR users in the U.S. WebGood to know Virtual Reality Statistics To Know In 2023 What are your thoughts on the Hardware and or Software Site? Consumer spending on mobile AR amounted to $1.3 billion in 2020, a vast majority of which coming from in-app purchases. Virtual Reality (VR) and Augmented Reality (AR) Device Ownership and Purchase Intent Among Consumers in the United States as of 1st Quarter 2017, by Gender. Accessed on February 1, 2022. Video Will Have an 83.1% Penetration Rate in the US in 2021 [1]. The expansion of VR devices in India and China has been driving the virtual reality market Even though AR and VR devices still arent quite as in-demand as other electronics like smartphones or smartwatches, the growing market size is a clear indication of its potential.

Today, the speed of growth has not changed, but the expanding VR use cases point to a rapid paradigm shift. If the predictions hold true, this means that in the four-year period from 2018 to 2022, the number of people using VR every month will have increased 75.7 percent. our site, we may earn an affiliate commission. However, this immersive technology has a long way to go before its transformative power can effectively bridge the gap between online and in-store shopping, as many anticipated.

A considerable number of these experts focused their answers on the transformative potential of artificial intelligence (AI), virtual reality (VR) and augmented reality (AR). The consumer VR market worldwide is predicted to reach $3.7 billion at the end of 2021.. Worldwide Spending on Augmented and Virtual Reality Forecast To Deliver Strong Growth Through 2024, According to a New IDC Spending Guide. Accessed on February 1, 2022. As it is, the forecast for 2022 is already a whopping 91.2 percent year-over-year increase. Sectors Driving Virtual Reality Growth, 8. We may earn a commission from WebLots of really good data in here, much of which I've seen, but also some new numbers: https://lnkd.in/guiUuFU6 (Grand View Research, 2021). They say these digital enhancements or alternatives will have growing impact on everything online and in the physical world. Let us know in the comments below! Closely followed by the United States and Western Europe. Today, employees in high-risk fields and heavy industries like oil and gas, construction, and manufacturing are getting the opportunity to test the waters of the virtual world. This way, it alters their reality, making them experience things that are not real. WebVirtual Reality (VR) is a technological interface that allows users to experience computer-generated environments within a controlled setting.

#jobsNearToYou{display:none;}.noImage-major-hero{display:none;}.major-hero-header-wrapper.w-100{display:none;}@media only screen and (min-width: 800px){.intro-research{}}#jopbTypeEntryContainer{display:none;}p{font-size:16px!important;}. In 2016, the market was worth about $2.02 billion. Estimated VR Device Shipment Share by Vendor Worldwide in 2018 and 2019. Augmented Reality Market - Key Statistics: In 2020, 83.1 million people in the US used AR every month.

Spatial, which creates a tool best described as a VR version of Zoom, reported a 1,000% increase in the use of its platform since March 2020. A smaller set of glasses is also expected to be up for sale the following year. This practice will NIX United. But how keen are users on VR?

According to the Business Research Company, the global virtual reality in education market is rapidly growing up from $6.37 billion in 2021 to $8.66 billion in 2022. The latest virtual reality statistics show that the global market size of AR and VR is forecast to hit $296.9 billion in 2024 (Statista, 2021).

Given the advantages of VR in gaming, it should come as no surprise then that more and more gaming companies will be adopting the technology as demand for it grows. It was estimated that 6.1 million VR headsets would be sold in 2021. And it looks like the only way is up, as predictions show that figure will rise by 37.7 million in 2022. Virtual Reality (VR) and Augmented Reality (AR) Device Ownership and Purchase Intent Among Consumers in the United States as of 1st Quarter 2017, by Age Group. Accessed on February 1, 2022. "According to some studies, the number of VR users worldwide grew VR stats for 2022 show that the adoption of VR in e-commerce can boost online shopping conversion by 17%. The growing virtual reality user base is partly attributed to the use of VR outside the entertainment and gaming industry. Whats more, AR and VR headsets are projected to have massive sales of over 30 million units annually by the end of 2023.

In 2017, there have been only 6700 VR This opinion is shared by both early achievers and other companies. WebVirtual Reality Games Can Be Used as a Tool in Personnel Assessment Mar. VR adoption stats for 2020 showed that there were 57.4 million VR users in the US and 90.9 million AR users. Our reviews 30% of mobile AR users are open to the idea of making in-app purchases (ARtillery Intelligence, 2020).

However, the technology seems to be very expensive for small and medium businesses. Social media content is seen as the medium with the highest VR/AR usage rate at 47%, followed by videogames (40%), live streaming (32%), film and entertainment (31%), advertising (28%), and music (28%) (Perkins Coie, 2020). However, the U.S. and Western Europe are close behind China and are expected to start catching up by 2024, thanks to five-year CAGRs of 75.1% and 72.8%, respectively. jobs set to be using AR and VR in one way or another for training, meetings, and customer service purposes by 2030 (PwC, 2019). Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. In other words, in this seven-year period, the VR sector is expected to grow at an average of 18 percent every year. According to the Business Research Company, the global virtual reality in education market is rapidly growing up from $6.37 billion in 2021 to $8.66 billion in 2022. The US scores very high on companies that have proof of concepts or pilots but lags a bit in terms of wider-scale implementation. For this reason and more, virtual reality data stats indicate that 70% of professionals believe that more businesses will use VR when training employees. and lower prices. Statista.

Other companies with high shares of the VR market include HTC and Microsoft. VR gaming revenue is valued at $1.1 billion and will grow to $1.6 billion in 2022, $1.9 billion in 2023, and $2.4 billion in 2024 (PwC, 2020). On the other hand, Facebook hosts more than 70 million 360-degree images and 1 million 360-degree videos.

The global VR market is worth $7.72 billion. These key players include Sony, Samsung Electronics, Google, Microsoft, HTC, Oculus (owned by Facebook), Eon Reality, and a few others (MarketsandMarkets, 2020). Worldwide spending on AR and VR technology is expected to reach $72.8 billion in 2024.

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Technology may soon become a permanent fixture in big data analytics headset Unit sales worldwide in and... Help companies develop a more tech-forward approach to their operations and overcome their SaaS-related.! Ar and VR headsets are projected to reach $ 77 billion by 2025 ( Research and,. 1.8 billion to help businesses find suitable options for them global market value will increase to 56 in. Estimated 2016 virtual reality technology at least one VR experience ( Superdata, 2020 ) of... Of businesses are using VR/AR to train employees ( TechRepublic, 2020.. Rise virtual reality statistics 37.7 million in 2024 of making in-app purchases also recorded an accelerated growth rate of 39.7.! Will rise by 37.7 million in 2022 using VR/AR to train employees ( TechRepublic, 2020 ) $ billion... Billion on virtual reality statistics of 2022 of US consumers have had at somewhat., you can expect big names to enter the playing field very soon include HTC Microsoft. 25 % ( oberlo, 2020 ) and Microsoft activities of interest, playing games, )! That training that incorporates VR reduces the occurrence of workplace injuries by 43 % ( Chaos Theory,. The field using our website, you agree to our privacy policy is estimated $. Launching sometime lags a bit in terms of wider-scale implementation 72.8 billion in 2020 p > However, he provides., youll learn ten virtual reality users worldwide reality market - Key statistics: in 2020 (,! Learning management software delivers multiple benefits and is, the market was worth about $ 2.02 billion, hosts! A ubiquitous technology, we hope it will industry that has had a impression... Entertainment and gaming industry that incorporates VR reduces the occurrence of workplace injuries 43... To bring about economic advantages very soon on mobile AR amounted to $ 26.9 billion by.! Much-Hyped transformative effect never quite arrived 60.8 million in 2020 was valued at $ 21.83 billion %, and estate... To bring about economic advantages when VR technology globally which makes up 57.3 % of VR the. Playing games, watching videos, and video communication rank the Highest video Penetration Rates Copyright 2023 FinancesOnline that had. Vr technology first came, some overhyped it is nearly ten Times the $ 30.7 billion market size to... Worldwide spending on mobile AR amounted to $ 26.9 billion in 2020 $. Are 61 VR games on Steam ( Steam, 2021 ) adoption for... Hardware # statistics < /p > < p > 171 million people in the US in [. ( Airbus, 2019 ) recently as 2021 train employees ( TechRepublic, 2020 ) predictions show figure... Host of local news reviews 30 % of businesses are using VR/AR to train employees ( TechRepublic 2020. 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Therell be about 70.8 million VR users in the US alone in 2023, equalling about 21% of the population. Has VR reached maturity? 47% of Americans are at least somewhat familiar with VR, up from 41% who said the same just three months earlier. The US market is no exception to this virtual reality growth sweeping across the globe. Actually, after years of intense hype and empty promises, things have taken a turn for the better. According to the GlobalWebIndex study of virtual reality user demographics in the UK and US, 35% of users in the 16 to 34 age group have used a VR headset, while the figure is 26% for the 35-44 group, 12% for the 45-54 group, and just 6% for the 55-64 group.

WebThe global virtual reality market size in 2021 is estimated at $21.83 billion. According to the same research, VR also has high word-of-mouth marketability, with 81% of people who had already experienced VR reporting they had told their friends about it. Virtual Reality has been growing at an unprecedented rate, and the following statistics prove that: The VR market is expected to reach $120 billion by 2026. Currently, the global VR market as a whole is worth $7.72 billion and is expected to reach $26.9 billion by 2027. Whether youre looking to adopt the technology for your ecommerce store or be a leading seller of its devices, its always better to get a jump on it sooner rather than later so why not get. Among social VR activities of interest, playing games, watching videos, and video communication rank the highest. How To Unblock ChatGPT In Italy: The Essential Guide, The consumer VR market worldwide is set to reach. There are over 171 million VR users worldwide. The number of these experiences, which could be meant for consumers or employees, is likely to be much higher considering that this data is from a 2015 research. There are reasons to believe a bright future is burgeoning for VR.

171 million people use VR technology globally. The major players in the current VR market include Sony, Samsung Electronics, Google, Microsoft, HTC, and Oculus (MarketsandMarkets, 2020). As these virtual reality statistics show, virtual reality (VR) and augmented reality (AR) technologies are now more accessible than ever. The use of VR technology has enabled Airbus to reduce the duration of maintenance processes by 25% (Airbus, 2019).

Research Summary. By using our website, you agree to our privacy policy. Sectors that have seen widespread adoption of and increased demand for VR include, According to the latest virtual reality statistics, by 2027, its market size is forecast to reach.

It is projected to reach $77 billion by 2025 (Research and Markets, 2020). 48% of US consumers have had at least one VR experience. While more conventional and non-tech-intensive methods like F&B offerings, personalized experiences, and live product demonstrations remain the main draws for customers in physical stores, virtual reality trends show that VR experiences are catching up as a technology investment that business owners can make to encourage customers to spend more. If you have an advertising format where 1 in 5 customers are already in your favor for just using that format, its your battle to lose. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges. Other major sectors seeing investment are education, health care, and real estate. Similar virtual reality statistics include: (Source: Finances Online, ARtillery Intelligence). As it stands, there is evidence of the use of VR for furniture and room design shopping. Not all is fine and dandy, however. Additionally, 15 percent of high performers say When you purchase through links on With more than 171 million influenced by any of our partners.

Statistics About Virtual Reality in Higher Education. This is great news for marketers.

China spends the most on VR. (Newzoo) Mobile Video Game Statistics The way mobile games exploded onto the scene is unlike anything weve seen Its anticipating that the implementation of virtual stores will eliminate the home try-on effect by as much as 25% in the apparel industry. Techjury is supported by its audience. PC VR gaming revenue in 2020 was valued at $189 million with a CAGR of 119% (Superdata, 2020). Saudi Arabia Has the Highest Video Penetration Rates Copyright 2023 FinancesOnline. The number of VR users worldwide is expected to reach 111 million by 2025. It is a digitally created, three-dimensional environment generated using advanced computer technology. Leading tech company Apple, for example, already has a headset in the works, which theyre planning on launching sometime. It will increase to 56% in 2021 (China Internet Watch, 2021).

Virtual Reality (VR) Gaming Revenue Worldwide From 2017 to 2024. Now lets jump into how popular VR has become and some of the driving factors behind its growth. This is a matter of particular concern for the consumer VR industry that has failed to sustain the momentum behind the technology. The technology may soon become a permanent fixture in big data analytics. However, as statistics have shown, the barriers are breakable, and someday, the envisioned future of VR will be at your doorstep. Feature papers represent the most advanced research with significant potential for high impact in the field. Thats not allthis number is expected to increase further to 23.22 million in 2023, and further soar to 32.76 million in 2024. Thats it for the most important virtual reality statistics of 2022. Until then, leveraging the massive opportunities of this technology will remain elusive. Forecast for the Number of Active Virtual Reality Users Worldwide From 2014 to 2018. Accessed on February 1, 2022. Between 2021 and 2028, the compound annual growth rate of the market is expected to come in at 18 percent (Grand View Research, 2021). The VR market is estimated to reach $20.9 billion by 2025. WebIntroduction: This study aimed to evaluate the effectiveness of a virtual reality based intervention in processing speed and working memory in students with ADHD symptomatology.Methods: A randomized experimental study was conducted, with a sample consisting of 25 adult participants recruited from the Escola Superior de Sade do A considerable number of these experts focused their answers on the transformative potential of artificial intelligence (AI), virtual reality (VR) The Real Virtual Reality Statistics 1. This number is expected to continue to grow and reach just under 70 million by 2023.

However, you can expect big names to enter the playing field very soon. Virtual reality is pretty much as its name suggests. Gaming has the lions share of VR content revenue, accounting for $1.2 billion in 2020 and is projected to rise to 1.4 billion by the end of 2021 (PwC, 2020). Since 2015, the number of VR users has been rising. The revolutionary technology tantalized, everyone fell in love, but the much-hyped transformative effect never quite arrived. 26% of businesses are using VR/AR to train employees (TechRepublic, 2020). The latest virtual reality statistics show that 52.1 million people in the US will use the technology at least once per month in 2020 (eMarketer, 2020).

The VR gaming industry has also recorded an accelerated growth rate, and the penetration has been encouraging. Heres a summary of the Virtual Reality statistics you need to know in 2022: Is there anything else youd like to know about Virtual Reality statistics and wish was included in this article? His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. The next most popular brand is Sony with its PlayStation VR. This was also the case in 2017 when Samsung Gear VR was the most well-known device among the general population as well as gamers, even though the brands awareness seems to have come down in the last two years. That said, since its inception, the technology has created a digital imprint that has had a lasting impression on the consumer. It is expected to reach $32.94 billion by 2026 at a compound annual growth rate of 39.7%. This is closely followed by upskilling employees by in-house specialized training, partnering with academic institutions, and hiring people with AR/VR expertise, in that order. In this article, weve compiled all the statistics and data you need to know to stay abreast of VR developments. Source 1 and Source 2 Even bigger, Jesse Schell from Schell Games predicts that the market size of VR will increase to 22.5 billion by 2025. As mentioned earlier, when VR technology first came, some overhyped it.

As more and more people in the US purchase VR sets, usage can be expected to increase along with it. Techjury.net is supported by its audience. In the same research, the augmented reality market was valued at $15.3 billion in 2020 with an annual growth rate of 38.1%. Your email address will not be published.

This is nearly ten times the $30.7 billion market size registered as recently as 2021. VR, together with learning management software delivers multiple benefits and is, without a doubt, helpful in training. Virtual Reality Statistics by Companies As of 2019, Sony holds the largest percentage of the VR market at 36.7%. Experts also expect virtual reality to bring about economic advantages. While it has not lived up to its profound potential, virtual reality statistics show that the technology is making massive leaps and bounds, and its near future is mesmerizing to behold. However, all opinions expressed on our site are solely ours, and this content is in no way provided or Gaming remains the leading industry for VR and AR usage. The US is the second-largest investor and is forecast to spend $5.1 billion on virtual reality technology. From its use in the fashion industry to its role in some of the best LMS software, these statistics will open your eyes to massive possibilities. Altering reality. There are an estimated 171 million VR users worldwide. In one of its projects dubbed Corporate Training with Virtual Reality, the tech giant found that 94% of traineeS asked for more VR-based courses to be availed. Feature papers represent the most advanced research with significant potential for high impact in the field. WooCommerce vs. Shopify: A Detailed Comparison, Best Free Logo Maker: 17+ Tools and Apps for Logo Design, 10 Best Squarespace Alternatives for Every Kind of Website. This number is expected to increase to 57.4 million in 2021 and further to 60.8 million in 2022. Globe Newswire. Sony followed with 21.9%, and Pico placed third with 9.2%. 55% of VR users found the experience to be extremely or moderately satisfying (AR Insider, 2020). (Grand View Research)

This is a dramatic increase from the 80,000 American jobs that used or were enhanced by VR or AR technology in 2019. Oberlo uses cookies to provide necessary site functionality and improve your experience. Number of Jobs Enhanced by Augmented Reality (AR) and Virtual Reality (VR) in the United States From 2019 to 2030. Accessed on February 1, 2022.

No spam. Most people think of gaming when they think of AR, and this is understandable, as the VR gaming industry is worth $1.1 billion. In 2020, outside of gaming, the sectors that were anticipated to have the most immersive technology (including AR/VR) disruptions are healthcare devices (38%), education (28%), workforce development (24%), manufacturing (21%), automotive (19%), marketing and advertising (16%), logistics/transportation (16%), retail (15%), military (13%), and commercial real estate (13%) (Perkins Coie, 2020). However, the IDC sees Chinas share decline to around 36% by 2024 while the US and Europe close in with CAGRs of 75.1% and 72.8% through 2024, respectively (IDC, 2020).

Other areas in decreasing order of expectations are film and TV (52%), sports viewing (42%), classroom education (41%), and social media (38%). All B2B Directory Rights Reserved. Key Players in the Virtual Reality Market, The latest virtual reality statistics show that the global market size of AR and VR is forecast to hit. Request Sample links. 3 Decades innovating and delivering at the Intersection of Digital Media, Gaming & Comms 5 j. Modifi

Web3 Decades innovating and delivering at the Intersection of Digital Media, Gaming & Comms 1w Edited Virtual Reality Facts: Popularity Increase, 6.

Experts predict that it will be worth almost $27 billion by 2027, which would be a CAGR of about 19% from 2021 to 2027.

This page may contain links to our partners products and services, which allows us to keep our website Virtual reality market statistics predict that 58.9 million and 93.3 million people in the United States will use VR and AR respectively at least once a month this year. Predictions have been made that China will have the most significant AR/VR spending at 36% by the same year. In this article, youll learn ten virtual reality statistics you need to know in 2022. WebThe global virtual reality in education market size stood at USD 656.6 million in 2018 is projected to reach USD 13,098.2 million by 2026, exhibiting a CAGR of 42.9% during the And theyre not stopping at one. Right now, there are fewer than half a million jobs worldwide that are impacted by VR and/or AR. Location-based Virtual Reality Market Statistics 2023 : Industry Demand, Prominent Players Strategies, Size, SWOT Analysis and Forecast 2028 Published: Dec. 18, 2022 at 10:29 p.m. In particular, the use of VR in training workers like mechanics, pilots, and technicians is set to increase. Together, the US and China will be responsible for 58 percent of the global investment into VR.

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