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

Stevi RexCompany, 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

Greenlight Report: Nov. 11, 2016

Alexis MacklinAnalysis

Analyst Commentary IMAX Opens $50M Investment Fund  IMAX announced Thursday that the company will open a $50 million investment fund with five other partners, focused on virtual reality games and film. The move is a natural progression as it further invests in its location-based VR centers in the U.S., the U.K., China, and other locations. Location-based VR will likely be … Read More

Greenlight Report: Nov. 4, 2016

Alexis MacklinAnalysis

Analyst Commentary Intel Acquires Voke For Undisclosed Amount  Intel has acquired live-action VR firm Voke for an undisclosed amount. This fits into Intel’s current efforts for live events with its 360 Replay technology. A possible use of the acquisition of Voke is expanding Intel’s efforts for VR live event content. Its investment in content instead of hardware is a different direction for a … Read More

Virtual Reality Strategy Conference 2016 in Images

Alexis MacklinEvents

Virtual Reality Strategy Conference 2016 brought top industry leaders together to discuss winning strategies in the virtual reality industry on Nov. 1 and 2. Check out the highlights from the two-day conference: Social Stream: [<a href=”//″ target=”_blank”>View the story “Virtual Reality Strategy Conference 2016” on Storify</a>]

Greenlight Report: Oct. 28, 2016

Alexis MacklinAnalysis

Analyst Commentary Microsoft Announces VR Headset Yesterday, Microsoft announced a $300 VR headset with inside-out tracking and integrated 3D-design functionality. The tech giant also announced partnerships with five major PC manufacturers to sell and/or distribute the VR headsets. Microsoft’s entry is an important event as it may be a pivotal change that alters the trajectory of the entire VR industry, particularly beyond 2020. Read more. Top Industry … Read More