Global Virtual Reality Industry to Reach $7.2 Billion in Revenues in 2017

Avatar Stevi Rex Location-Based Entertainment, Press Releases, Virtual Reality

virtual reality industry report

SAN FRANCISCO (April 11, 2017) — In its new Virtual Reality Industry Report: Spring 2017, Greenlight Insights forecasts total virtual reality revenues to reach $7.2 billion globally by the end of 2017, of which, head-mounted displays (HMDs) will account for $4.7 billion. Anticipating modest growth in the short term, Greenlight Insights expects the VR industry to grow into a major … Read More

Clifton Dawson, CEO of Greenlight Insights, Sits Down with RePlay Magazine Podcast

Avatar Stevi Rex Location-Based Entertainment, Media & Entertainment, Press Releases

Clifton Dawson, Chief Executive Officer of Greenlight Insights and Bob Cooney, Head of Global Business Development at Zero Latency VR and host of the RePlay Magazine Podcast, sat down to discuss the sustainability of VR, the social engagement that out-of-home VR provides, and challenges in the development cycles of both software content and hardware, as well as the 2017 Virtual … Read More

New Report: Location-Based Entertainment Brings New Opportunity for Virtual Reality Companies

Avatar Greenlight Insights Location-Based Entertainment, Location-Based xR Intelligence Service, Press Releases, Virtual Reality

Location-based VR entertainment (LBVRE) is emerging as one of the the fastest growing sectors in VR. Several LBVRE technology companies have raised considerable investment rounds in the first quarter of 2017 and more investment is likely to come. When analyzing data from Greenlight Insights’ VR/AR Funding Database of more than 400 venture deals from 2011 to 2016, LBVRE-specific companies raised … Read More

A Small Boon for the Industry: IMAX’s New $50M VR Fund

Clifton Dawson Clifton Dawson Insight Articles, Location-Based Entertainment, Location-Based xR Intelligence Service

Earlier this month, IMAX announced a new $50 million virtual reality fund with other strategic investors to help finance the creation of at least 25 interactive VR content experiences over the next three years for use across all VR platforms, including in IMAX VR™ centers. The IMAX’s investment fund is a small, but important development for the company and for the VR … Read More

Greenlighting China: Industrial Alliance, Tencent & Location-Based VR Gains Traction

Avatar Eddie Lou, Analyst, Asia-Pacific China xR Intelligence Service, Insight Articles, Location-Based Entertainment, Location-Based xR Intelligence Service, Virtual Reality

Greenlighting China

Official Industrial Alliance of China IVRA Established in Beijing Under the guidance of the Electronic Information Division of the Ministry of Industry and Information Technology (MIIT), a group of leading VR companies and research institutes have worked together to establish the Industry of Virtual Reality Alliance. The goal of the initiative is to promote the development of the VR ecosystem in China by formulating … Read More