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. 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

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

Greenlight Report: Oct. 21, 2016

Alexis MacklinAnalysis

Analyst Commentary NBA Partners With NextVR to Broadcast Games in VR    Yesterday, NBA announced it will partner with NextVR to broadcast at least one game in VR every week during the upcoming season. The games will be available through an NBA League Pass subscription. The partnership represents a significant commitment by the NBA, including dedicated announcers, exclusive camera angles, … Read More

Greenlight Report: Oct. 14, 2016

Alexis MacklinAnalysis

Analyst Commentary Oculus Connect Announcements May Set It Above Competition  During Oculus Connect, the annual Oculus developer conference, Facebook CEO Mark Zuckerberg debuted new social experiences coming to the Rift, revealed the release date of its Touch controllers, announced room scale capabilities, and WebVR support. While the 2016 Industry Report reveals HTC Vive is currently ahead of Oculus Rift in unit sales, … Read More