Market revenue in 2023 | USD 7,659.4 million |
Market revenue in 2030 | USD 40,972.1 million |
Growth rate | 27.1% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Software/Platform |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software/Platform, Services |
Key market players worldwide | Barco NV, Alphabet Inc Class A, HTC Corp DR, International Business Machines Corp, Magic Leap, Meta Platforms Inc Class A, Microsoft Corp, Samsung Electronics Co Ltd, Sony Group Corp, Compass Inc Class A, EON Reality, Leap Motion |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to immersive technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 48.48% in 2024. Horizon Databook has segmented the Europe immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth is primarily driven by the increasing adoption of virtual and augmented reality across various sectors, including healthcare, education, and entertainment. European countries are investing significantly in developing immersive applications that enhance user experience and engagement. Additionally, the region benefits from a strong technological infrastructure and a growing number of startups focused on innovative immersive solutions.
The rise of location-based entertainment, such as VR arcades and themed attractions, is also contributing to market growth, as consumers seek more interactive experiences in physical venues. Furthermore, government initiatives aimed at fostering digital transformation are expected to bolster the adoption of immersive technologies across Europe.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe immersive technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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