According to a new report, published by KBV research, The Global Immersive Entertainment Market size is expected to reach $419.5 billion by 2030, rising at a market growth of 23.1% CAGR during the forecast period.
The Virtual Reality (VR) segment led the Global Immersive Entertainment Market, by Technology in 2022; thereby, achieving a market value of $163 Billion by 2030. This growth in market share is attributed to the ongoing advancements in VR hardware, equipped with more accessible and powerful headsets, which augment the overall experience of end-users. Furthermore, VR's implementation in amusement parks, arcade studios, immersive theaters, social experiences, and educational sectors has further diversified its usage, fueling the segment's growth over the forecast period.
The Gaming segment is growing at a CAGR of 21.7 % during the forecast period. Technological advancements, particularly in graphics, processing power, and virtual reality (VR), have significantly enhanced the gaming experience, captivating a broad audience. The surge in esports and online multiplayer gaming has fostered community engagement and competitiveness. In contrast, the accessibility of mobile gaming has broadened the user base, driving segment growth over the forecast period.
Full Report: https://www.kbvresearch.com/immersive-entertainment-market/
The North America region dominated the Global Immersive Entertainment Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $162.8 Billion by 2030. The Europe region is anticipated to grow at a CAGR of 22.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 24.3% during (2023 - 2030).
By Technology
By Application
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