Thursday, March 09, 2017 11:58:33 AM
The greater availability of both hardware and software could help the emerging VR market grow in 2017, the research company said.
It added the VR market is already solidifying as consumers become increasingly aware of and comfortable with the devices, such as Google Daydream mobile VR device. Sales of the premium headsets are expected to reach 21 million in 2017 with Google’s VR device leading the field with 6.8 million devices sold. According to the report, this year revenue from VR software are expected to increase by $1 billion from 2016’s $300 million. North America will be the fastest-growing market, expanding from $97 million in 2016 to $403 million this year. Asia will be the top VR software market at $430 million in 2017. The VR industry is growing at a fast pace, with revenues from virtual reality products (both hardware and software) projected to increase from 90 million U.S. dollars in 2014 to 5.2 billion U.S. dollars in 2018. The number of active VR users is forecast to reach 171 million by 2018. According to recent forecasts, revenue from virtual reality head-mounted displays is expected to grow from 685 million U.S. dollars in 2015 to 3.89 billion U.S. dollars in 2018.
Goldman Sachs predicted the virtual and augmented reality market could become an $80 billion industry by 2025, outpacing the TV market in annual revenue. It said the industry could pull in $45 billion in hardware revenue and $35 billion in software by then.
As the hardware sales increase then geometrical huge need for software to meet the needs of the buyers will make IP products appealing and available to meet the demand.
According to previous IP comments we are less than 2 months from release of VR products to the market. Today's news of deal with Ohmore Media Inc assures a steady stream of product will be developed to take advantage of the growth of Virtual Reality.
Recent IP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:07:13 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/12/2024 09:00:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:07:38 PM
- International Paper Announces Filing of Definitive Proxy Statement in Connection with its Pending Acquisition of DS Smith • PR Newswire (US) • 09/12/2024 01:00:00 PM
- International Paper Makes Leadership Announcement • PR Newswire (US) • 09/10/2024 09:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 09:35:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 09:01:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 07:30:17 PM
- Kuehn Law Encourages FBMS, IP, AFBI, and CNDA Investors to Contact Law Firm • PR Newswire (US) • 09/04/2024 01:31:00 PM
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 09/03/2024 10:06:44 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 02:45:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 08:34:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 08:14:54 PM
- International Paper Names Tom Hamic To New Leadership Role • PR Newswire (US) • 08/26/2024 09:00:00 PM
- Form PREM14A - Preliminary proxy statements relating to merger or acquisition • Edgar (US Regulatory) • 08/23/2024 08:11:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 01:25:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 01:33:00 PM
- International Paper Makes Senior Leadership Announcement • PR Newswire (US) • 08/13/2024 01:25:00 PM
- International Paper CEO to Speak at Jefferies 2024 Industrials Conference • PR Newswire (US) • 08/12/2024 08:15:00 PM
- International Paper Strengthens Commitment to Nature with $15.3 Million Investment in Conservation Partnerships • PR Newswire (US) • 08/07/2024 02:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 04:34:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 04:12:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 11:17:13 AM
- International Paper Reports Second Quarter 2024 Results • PR Newswire (US) • 07/24/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 01:33:55 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM