VR is expected to become the next trillion-yuan emerging market
VR is virtual reality technology. On the Spring Festival Gala stage, virtual people and celebrity artists show off their skills on the same stage, and the audience enjoys an audio-visual feast; during the two sessions, pick up your mobile phone and scan the QR code, and the panoramic venue comes into view, and the news scene is no longer far away; online shopping has been upgraded, and you can just press a button. You can see the upper body effect of clothing... VR is changing human life in a powerful way. At the 2018 World VR (Virtual Reality) Industry Conference, it was stated that as an important frontier of the new generation of information technology, VR is expected to become the next trillion-yuan emerging market after computers and mobile phones.
The market size has grown exponentially
In recent years, as the whole society’s attention and understanding of VR technology continues to increase, virtual reality technology is continuously penetrating into various industries and sectors. In the field of virtual reality, market demand and industry applications are being activated, and a strategic window period for the development of the virtual reality industry has been formed. According to statistical data from the "Virtual Reality (VR) Industry Development Prospects Forecast and Investment Strategic Planning Analysis Report" released by the Qianzhan Industry Research Institute, the global VR industry currently has a scale of nearly 100 billion yuan, with an average annual compound growth rate of more than 70%. The focus of investment and financing has shifted from hardware terminals to content applications. It is expected that the scale of the global VR industry will exceed 200 billion yuan in 2020, of which the VR market will be 160 billion yuan and the AR market will be 45 billion yuan. In 2017, the market size of my country's virtual reality industry increased by 164% year-on-year; although the domestic market size is currently only 16 billion yuan, it has begun to grow exponentially. It is expected that by 2020, the domestic market size will exceed 90 billion yuan.