Virtual reality market is expected to grow at 44.3% CAGR and reach $57.55 billion by 2027 on the back of Facebook, Google and Apple offering an advanced user experience to boost growth, according to a report by Fortune Business Insights. 

The report titled Virtual Reality (VR) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Content), By Device Type (Head Mounted Display, VR Simulator, VR Glasses, Treadmills & Haptic Gloves, and Others), By Industry (Gaming, Entertainment, Automotive, Retail, Healthcare, Education, Aerospace & Defence, Manufacturing, and Others), and Regional Forecast, 2020-2027, provides a deep analysis on achieving this.

The researchers have provided coherent insights into the market, pre-obtained data about business scenario, latest industry development and key drivers and in-depth information about key players. The report also throws light on the functioning of some of the leading global players in the virtual reality market. Companies such as Google, Sony Corporation, HTC Corporation, Apple, Dassault Systems, Microsoft, among others have been examined. 

North America is likely to dominate the global market owing to the existence of prominent players in the US. China is expected to hold largest share in Asia Pacific market with the growing adoption of 5G network while Government of India initiatives such as Digital India, Made in India, Vocal for Local, etc. is expected to make India an emerging market.