Research on Global Markets has published a new report on the “Virtual Reality Market In India (2018-2023)”. According to the report, the virtual reality market in India experienced a CAGR of 104.24 between 2013 and 2017.

The emergence of virtual reality in the Indian market has been disrupting various industries like medical, automotive, gaming, retail, education and entertainment, to name a few.

The report focuses on the major drivers and challenges of the Indian VR market. According to the Indian Virtual Reality Industry Analysis Report, the Indian government has initiated several development programs which are working in favour of the VR market. As mentioned in the report, organizations like IDG Ventures India and Axilor Ventures are taking part in the development of the Indian VR Market with a bit of help in the form of investments through Frontier Tech Innovators Program. This has eventually resulted in the easy accessibility and affordability of the various kinds of VR devices in the Indian market.

The increasing use of VR technology in various fields like telecommunications, mobile applications, game designing, robotic surgery and phobia treatment in India has been driving the growth of the VR market in the country.

The report mentions some challenges faced by the Virtual Reality Market in India like the technological infrastructure of the country that lags compared to the advanced economies like China, the United States of America and Japan. Furthermore, the inhibition among Indian parents regarding VR gaming or VR applications in entertainment like movies or even education is working against the growth curve of the VR market in the country.

Research on Global Markets tracks the performance of some of the key players in the industry which includes IndiaNIC Infotech Limited, Juego Studio Private Limited, Meraki Virtual Reality Studio, Merxius Software Private Limited, Quy Technology Private Limited, SmartVizx Private Limited, Tata Elixsi, Xenium Digital Private Limited, Yudiz Solution Private Limited and Zatun.

Keys Insights of the Report:

• The report provides a comprehensive analysis of the Virtual Reality Market in India.
• It also includes an overview of the market including a country-wise analysis of virtual reality implementation. Additionally, it covers the VR market in various regions worldwide like China, USA, France, Nordics and Germany.
• It further covers the key trends of the market and its market applications in various sectors of the market like Automotive, Medical, Aerospace and defence and others.
• The report covers the key trends and the challenges in the Virtual Reality Market in India.
• It provides an analysis of the competitive landscape and profile of the major players in the industry.

The report has been designed to help businesses get an idea regarding the growth of the Virtual Reality Market in India and analyse the growth factors and the challenges in the market to enable them to identify the competition in the field and make well-informed business decisions and develop better market strategies which might be beneficial for them.

For More Information On This Report, Please Visit @ https://www.researchonglobalmarkets.com/pressrelease/post/government-initiatives-driving-the-virtual-reality-market-in-india.html

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