5G in VR Market Analysis and Forecast by 2031

The 5G in VR market is expected to register a CAGR of 32.5% during 2023–2031. Collaborative robotics and the development of smart infrastructure are likely to remain key trends in the market.

5G in VR Market Analysis

• 5G in VR manages a variety of operational activities such as setting up events, accounting, managing online newsletters, and dues collection, among others.
• It is expected that especially mobile and cloud-based virtual reality applications will enable a futuristic world of higher data rates, lower latency, increased capacity and improved mobility features, which could lead to enhanced VR performance and potentially revolutionize remote collaboration, gaming, education and training.
• It is able to enhance VR systems' reliability and efficiency by improving the system’s capacity to process data at a given time. It is able to create a faster and more responsive VR experience by more than ten times lowering latency.

5G in VR Market Overview

• The 5th Generation (5G) in the VR market is enormously boosting and revolutionizing. 5G has contributed to the improvement of virtual reality by making it more immersive and responsive.
• The improved data processing and reduced latency, transferring larger files will hardly lead to congestion or lag. Streaming high-quality, fast and live videos while minimizing latency in video games has opened up new use cases in industries like gaming, video streaming, autonomous vehicles and smart industrialization.

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5G in VR Market: Strategic Insights

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5G in VR Market Drivers and Opportunities

Rising Demand for Superior Data Connectivity to Favor the Market

• As more and more data is generated and needs to be transferred from one node to another in every microsecond, a higher degree of data connectivity is becoming essential. With the lower latency feature, 5G connectivity is becoming convenient for data transfer at a faster rate. 5 G will have a significant positive growth rate all over the world.
• A higher degree of connection is ideal for transmitting HD images from virtual reality devices. As a result, the user's experience will completely be immersed in a low latency virtual reality world, and they can not only interact with people through virtual reality devices but also view high-definition content, which could be 10 Gbps/s streaming rate without buffered.
• If there is 5G connectivity in VR applications, users can have more complex and data-heavy workloads, including live cloud rendering or edge computing
•  5G networks are demonstrating a significant positive growth rate all over the world. Thanks to the numerous applications of fifth-generation wireless systems, more and more data have to be generated every day. To share these data with others, the coverage of the 5G network will also increase accordingly.

Enhanced Telemedicine

• Evolving telemedicine does offer the VR market promising prospects. The healthcare industry will have the means to build infrastructure for integrated care, telemedical tools and MVR in 5G.
• The latest technologies in telemedicine consist of XR-powered tools for medical education, training and tele-therapy. Almost every aspect of medical practice can benefit from 5G. With detailed VR technologies, doctors can help explain diagnoses to their patients.
• Telemedicine, AR/VR in surgical operations and training, and eventually surgery conducted remotely – these are the frontiers of 5G in healthcare.

5G in VR Market Report Segmentation Analysis

Key segments that contributed to the derivation of the 5G in VR market analysis are deployment type and enterprise size.

• Based on the offering, the 5G in the VR market is divided into hardware, software, and services.
• Based on the end-user, the 5G in the VR market is divided into consumer, commercial, and industrial.

5G in VR Market Share Analysis by Geography

• 5G in VR Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering 5G in VR market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the 5G in VR market in these regions.

5G in VR Market Regional Insights

The regional trends and factors influencing the 5G in VR Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 5G in VR Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

5G in VR Market Report Scope

5G in VR Market Players Density: Understanding Its Impact on Business Dynamics

The 5G in VR Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the 5G in VR Market are:

1. Atmel Corporation
2. BARCO
3. Cypress Semiconductor Corp
4. Facebook
5. Google
6. HoloLens

Disclaimer: The companies listed above are not ranked in any particular order.

5G in VR Market News and Recent Developments

The 5G in VR market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 5G in VR market are listed below:

• NVIDIA unveiled a successful proof of concept (POC) that enables engineering teams to work together virtually from disparate physical locations using edge computing and VR technology enabled by 5G. (Source: NVIDIA, Press Release, June 2022)
• At MWC 2021, Qualcomm demonstrated a multi-user 5G boundless virtual reality (VR) system using the Snapdragon XR2 platform with an integrated 5G modem and the Ericsson 5G network. Boundless VR and mixed reality (MR) over 5G are now ready for deployment in private networks targeting enterprise, industrial, and consumer use cases. (Source: Qualcomm, Press Release, November 2022)

5G in VR Market Report Coverage and Deliverables

The “5G in VR Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• 5G in VR market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• 5G in VR market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• 5G in VR market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 5G in VR market
• Detailed company profiles