{
Axis Communications AB

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}

virtual reality market poised for explosive growth driven by technological advancements

The virtual reality market is experiencing significant growth, projected to expand from USD 1.57 billion in 2023 to USD 36.46 billion by 2031, with a CAGR of 48.20%. This surge is driven by technological advancements, particularly the adoption of 5G, and the integration of VR across various sectors, including healthcare, education, and manufacturing. Key players like Oculus, Sony, and HTC are innovating in hardware and software, enhancing immersive experiences and broadening the market's reach.
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Technology & Innovation, Market Report
20:55 24.10.2024
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