Key growth drivers of the market:
o The Indian government has initiated several development programs, which are supporting the VR market. Also, organizations like IDG Ventures India (IDGVI) and Axilor Ventures are participating in the development of the VR market in India with the help of investments through Frontier Tech Innovators Program. As a result, various kinds of VR equipment have become easily accessible and affordable for Indians, thus driving the growth of the market.
o VR has recently found extensive usage in India in the fields of military, telecommunications, entertainment, and medicine for training, developing easy mobile application, designing games, and enabling easy surgery simulation, phobia treatment, and robotic surgery. Increasing use of VR applications in different industries is driving growth of the market across India.

Key deterrents to the growth of the market:
Although the Indian VR market operates with the help of several large, small, domestic and international enterprises, the technological infrastructure of the country lags behind that of the advanced economies like China, the United States of America (U.S.A), and Japan. Also, the Indian parents are often not ready to let their children use VR applications extensively through games, movies, or other forms of entertainment, or even education for they fear that it might develop addiction among kids. As a result, use of VR applications in India is limited to specific play stations at supermarkets, or in the form of headgears sold with smartphones.

Companies covered:

o IndiaNIC Infotech Limited
o Juego Studio Private Limited
o Meraki Virtual Reality Studio
o Merxius Software Private Limited
o Quy Technology Private Limited
o SmartVizx Private Limited
o Tata Elixsi
o Xenium Digital Private Limited
o Yudiz Solution Private Limited
o Zatun

The post Virtual Reality Market in India (2018-2023) first appeared on CRI Report.

Market Analysis
Virtual reality (VR) is changing the manner in which we connect with the environment and the objects around us. Expanding adoption and usage of augmented or virtual reality in different areas is driving the development of the global virtual reality market. Virtual presents a 3D computerized environment which an individual can explore and interface with. It is expected that the global virtual reality market would surpass the value of USD 100 Bn by the year 2027, growing at a CAGR of 37.4% during the evaluation period (2017-2027).

Additionally, the extensive use of the VR as a business strategy is enticing the users to buy the product. This, on one hand, is increasing the sales of the HMDs. The growth opportunities of the market may emerge from improvised networking advancements like 5G and enhanced adoption of VR headsets. However, the higher manufacturing expenses relating to system-on-a-chip (SoC) can cause a hindrance in the growth of the global virtual reality market.

Market Segmentation
The global virtual reality market is classified on the basis of its component, device type, technology, industry vertical and regional demand. By component, the global market has been classified into software and hardware.

Based on its device, the market has been divided into gesture tracking devices, head-mounted displays, display walls and projectors, and 3D cameras. Based on its technology, the market has been bifurcated into semi-immersive, non-immersive, and fully immersive.

In terms of its industry verticals, the market is segmented into industrial, healthcare, aerospace and defense commercial, consumer electronics and others.

Regional Analysis
The market segments have been analyzed under six major global regions such as North America, Europe, Latin America, Asia Pacific, the Middle East & Africa (MEA) and Rest of the World (RoW).

Major Players
Some of the key players in the global virtual reality market include companies like Samsung Electronics Co. Ltd., Google LLC, Facebook, Microsoft Corporation, Sensics, Inc., Sony Corporation, Avegant Corporation, Sixense Entertainment, EON Reality, Vuzix Corporation, Qualcomm, among others.

The post Global Virtual Reality Market Research Report – Forecast till 2027 first appeared on CRI Report.

With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors – ranging from smartwatches and fitness trackers to smart glasses to hearables.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.

The “Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including market drivers, challenges, enabling technologies, consumer and enterprise applications, key trends, case studies, opportunities, future roadmap, value chain, ecosystem player profiles, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2018 through to 2030. The forecasts cover 9 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered
The report covers the following topics:
– Wearable technology ecosystem
– Market drivers and barriers
– Key enabling technologies and concepts including low cost sensors, wireless connectivity, voice recognition and augmented reality
– Analysis of vertical markets and applications – for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other sectors
– Case studies of 10 wearable technology deployments – reviewing solutions, vendors, applications and feedback from end users
– Wearable device vendor market share
– Prospects of smartphone OEMs and cellular chipset suppliers in the wearable technology ecosystem
– Impact of 5G NR (New Radio), cellular IoT and ProSe (Proximity Services) on wearable technology
– Industry roadmap and value chain
– Profiles and strategies of more than 360 leading ecosystem players including wearable technology suppliers and vertical domain specialists
– Strategic recommendations for enabling technology providers, wearable device OEMs, application developers and mobile operators
– Market analysis and forecasts from 2018 till 2030

Forecast Segmentation
Market forecasts on are provided for each of the following submarkets and their subcategories:

Form Factor Submarkets
– Smart Bands
– Smartwatches
○ OS-Powered Smartwatches
○ Basic Smartwatches
– Smart Glasses
– Smart Clothing
– Smart Earwear
– Smart Jewelry
– Heads-up Displays
– Others

Vertical Submarkets
– Consumer
– Healthcare
– Professional Sports
– Retail & Hospitality
– Military
– Public Safety
– Others

Regional Markets
– Asia Pacific
– Eastern Europe
– Latin & Central America
– Middle East & Africa
– North America
– Western Europe

Country Markets
– 73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam

Key Questions Answered
The report provides answers to the following key questions:
– How big is the wearable technology ecosystem?
– What trends, challenges and barriers are influencing its growth?
– How is the ecosystem evolving by segment and region?
– What will the market size be in 2021 and at what rate will it grow?
– Which vertical markets will see the highest percentage of growth?
– How do standardization and regulation impact the adoption of wearable technology for the healthcare industry and other sectors?
– What opportunities exist for cellular chipset suppliers in the wearable technology ecosystem?
– How can mobile operators capitalize on the growing popularity of smartwatches, fitness bands, smart glasses and other wearable devices?
– What are the future prospects of hearables and other emerging form factors?
– Who are the key ecosystem players and what are their strategies?
– What strategies should wearable technology suppliers and vertical domain specialists adopt to remain competitive?

Key Findings
The report has the following key findings:
– SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.
– In terms of annual wearable device unit shipments, the top 5 vendors – Apple, Xiamo, Fitbit, Samsung and Garmin – collectively account for more than 55% of the market.
– Cellular connectivity and associated advanced capabilities – such as VoLTE (Voice over LTE) – are increasingly being integrated into consumer oriented wearables such as smartwatches.
– SNS Telecom & IT estimates that wearable devices will help mobile operators drive more than $12 Billion in service revenue by the end of 2021, following a CAGR of approximately 36% between 2018 and 2021.
– As wearable technology vendors seek to minimize dependence on hardware sales, new business models are continuing to gain popularity – ranging from corporate wellness programs to sports performance analytics.

The post The Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts first appeared on CRI Report.