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Global Immersive Media Solutions Market

Global Immersive Media Solutions Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn.

Global Immersive Media Solutions Market Overview:

In order to create creative worlds and visualizations where real and digital objects coexist, immersion is the product of blending the physical world with the digital world. In the media and entertainment industry, interactive technology has a huge effect and has provided players a forum that enables them to be a part of the virtual environment with a realistic experience without necessarily being present in any particular location or open area. The enormous potential of immersive solutions has increased the need for communication between digital and virtual worlds with personal mobile devices capable of creating fascinating virtual reality experiences. Thus, growing mobile proliferation offers businesses an ability to enter many untapped markets.

Mighty Kingdom, for example, which is a maker of mobile applications, supports all the big VR and AR headsets on the market in partnership with Microsoft on Xbox, iOS, and Android. For the immersive media solutions industry, technological advancement in lightweight wearable technology is also expected to generate strong growth prospects. It is anticipated that the popularity of video gaming and progress in 3D imaging will drive development. Due to the huge market opportunity provided by immersive media solutions, exponential growth in the number of immersive media solution providers, combined with extensive advances in virtual reality technology, is expected to take place in the next few years. Therefore, the demand of 5G is expected to significantly expand in the coming years.

The management and support of living and working environments is altered by Immersive Media Technologies through a mix of solutions implemented in urban environments. In response to urbanization, industrialization in developing countries, and the unique needs of various Immersive Media Solutions initiatives, information and communication technology (ICT) is therefore evolving at a rapid rate. The way human beings communicate with the environment is evolving the creativity in AR and VR solutions. Innovators are also inspired by these developments to bring new products, services and business models into the visual computing industry, generating opportunities for providers of cloud services (CSP), communications service providers (CoSP) and broadcasters. For instance, NCTech Limited offers an open cloud platform that makes it easy to process, analyse and distribute your content in various ways from a wide range of devices. In order to help you better understand your data and your clients, VR World also provides advanced features including image processing. The popularity of cloud-based platforms will drive the growth of the Global Immersive Media Solutions market.

Based on deployment, Immersive Media Solutions market is segmented by cloud-based and On-Premisess. Cloud-based segment dominated Immersive Media Solutions market with increasing need of the high volume of data to keep on cloud storage and on-demand content via internet server to raise the agility of the organizations and individuals. Based on Application, AR & VR is the leading segment to dominate the market during the forecast period owing to launch of new product releases are growing and entertainment-related collaborations are increasing. For example, VRstudios and Springboard VR, the leading distribution platform for VR Arcade and content marketplace operators, have collaborated to provide Location-Based Entertainment (LBE) companies with multiplayer Virtual Reality (VR) systems. Based on Organization Size, large enterprises is the leading segment to dominate the market during the forecast period due to the increased understanding of process efficiency and cost-cutting pushing to the market growth.

The Immersive Media Solutions market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players with the advanced technologies. The Asia Pacific region is projected to register the fastest growth rate in the target market due to the government is highly investing onto the digitalization infrastructure in the region.

Competitive Landscape:

Global Immersive Media Solutions Market 1

The objective of the report is to present a comprehensive analysis of the Global Immersive Media Solutions Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Immersive Media Solutions Market dynamics, structure by analyzing the market segments and projects the Global Immersive Media Solutions Market size. Clear representation of competitive analysis of key players by Deployment, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Immersive Media Solutions Market make the report investor’s guide.

Scope of Global Immersive Media Solutions Market

Global Immersive Media Solutions Market, By Deployment

Cloud-based
On-Premises

Global Immersive Media Solutions Market, By Application

Mobile app development
Social media Engagement
Digital Campaign
AR & VR
Others

Global Immersive Media Solutions Market, By Organization Size

Small and Medium Enterprises
Large Enterprises

Global Immersive Media Solutions Market, by Region

North America
Europe
Asia-Pacific
MEA & Africa
Latin America

Global Immersive Media Solutions Market Key Players

VORTEX
Zeality Inc.
NCTech Limited
VRstudios, Inc.
SpringboardVR
eyeSphere
Others

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