Virtual Reality Shopping Market is expected to Reach USD 243.02 Bn by 2029 at a CAGR of 28.2 percent

(IT-NEWSWIRE.COM, September 12, 2023 ) As per Maximize Market research, the Virtual Reality Shopping Market was USD 42.70 Billion in 2022 and is expected to grow at a CAGR of 28.2 percent over the forecast period to reach USD 243.02 Billion by 2029.

Virtual Reality Shopping Market Report Scope and Research Methodology

The report employs market segmentation and consumer behavior analysis to provide insights into the virtual reality shopping market. The Virtual Reality Shopping Market Report investigates the virtual reality shopping industry, examining market trends, size, and key participants. Research methodology involves data collection from primary sources like VR developers and consumers, supplemented by secondary sources such as industry reports.

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Virtual Reality Shopping Market Dynamics

Visual Reality (VR) shopping offers an immersive and attractive shopping experience to consumers compared to traditional online shopping. Technology of VR is becoming more affordable and accessible because the technology is upgrading and it becomes a more feasible option for many businesses and consumers as well.

Virtual Reality Shopping Market Regional Insights

Asia Pacific region dominated the market in the year 2022 with the highest revenue share and is expected to dominate the market during the forecast period. North American region is witnessing growth during the forecast period, especially in the United States.

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Virtual Reality Shopping Market Segmentation

By Device

Gesture-Tracking Device(GTD)

Head-Mounted Display(HMD)

Projectors & Display Wall (PDW)

By Technology

Semi & Fully Immersive

Non-Immersive

by Component Hardware

By Component

Hardware

Software

By Application

Aerospace & Defence

Commercial

Healthcare

Enterprise

Others

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Virtual Reality Shopping's Key Competitors include

Unity Software Inc. (U.S.)

Barco NV

CyberGlove Systems Inc.

Samsung Electronics Co., Ltd. (South Korea)

Meta Platforms Inc.

Maximize Market Research is leading Information Technology and Telecommunication research firm, has also published the following reports:

Virtual Reality Camera Market - The market size is expected to reach USD 5319.7 Mn by 2029 at a CAGR of 25 percent during the forecast period.

Graphic Card Market - The Market size is expected to reach USD 155.46 Bn. by 2029 at a CAGR of 33.8 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

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Virtual Reality Shopping Market is expected to Reach USD 243.02 Bn by 2029 at a CAGR of 28.2 percent