5G Virtual Reality Market Share

On the basis of geographical analysis, the 5G virtual reality market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is anticipated to account for largest revenue share by 2036, on the back of increasing penetration of internet and portable smart devices such as smartphones, tablets and laptops, and growing technological advancements in the ICT sector. For instance, China had the highest number of internet users in the Asia Pacific region, as of January 2021. The number was calculated to be approximately 940 million users. In addition, rising adoption of 5G technologies, along with the rapid urbanization and industrialization in developing nations such as China and India, is also expected to drive this region’s market growth in the near future. Moreover, the market in North America is predicted to grab the largest share owing to the early adoption of technologies, rising number of partnerships among companies and strong presence of prominent 5G virtual reality market players in the region.