Newzoo: VR games revenues to hit $1.8bn in 2022 - GamesIndustry.biz

Active headset users to scope 27.7m globally, forecast to deed 46 cardinal successful 2024

Annual revenues for VR gaming are acceptable to deed $1.8 cardinal by the extremity of the year, according to information from Newzoo's VR Games Market Report 2022.

The marketplace is predicted to much than treble to $3.2 cardinal by 2024, hitting $2.5 cardinal successful 2023. For comparison, revenues successful 2021 reached $1.4 billion.

Newzoo besides said that the VR instal basal is increasing faster than ever; it'll deed 27.7 cardinal users by the extremity of 2022, and is forecast to scope 46 cardinal by the extremity of 2024.

The steadfast cites the summation successful standalone VR headsets arsenic 1 of the main reasons for growth, arsenic devices specified arsenic the Meta Quest tin beryllium acceptable up and utilized without the request for further hardware.

The Meta Quest 2 motorboat terms of $299 besides lowered barriers to entry, though Meta accrued the terms of the headset to $399 backmost successful August.

Recent and upcoming launches of caller products whitethorn besides person an interaction connected net successful the adjacent year, Meta released the Meta Quest Pro past month, and rival Pico launched the Pico 4 headset successful Western Europe, which is priced astatine €429 ($440), $20 little than the Quest.

Sony is owed to motorboat its PlayStation VR2 headset successful February 2023. Newzoo notes that the latter's show is tied to the instal basal of the PS5, which is inactive successful abbreviated supply.

Meta besides acquired 3 caller VR-focused studios past month - Camoflaj, Armature Studio and Twisted Pixel.

But the steadfast has a important diminution to flip around; backmost successful February, we reported that Meta's AR/VR conception saw a $10.2 cardinal operating nonaccomplishment successful 2021, alongside its $2.2 cardinal successful revenue.