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The global augmented reality and virtual reality gaming market ecosystem was valued at US$13.40.2 billion in 2018 and is projected to grow to US$53.44 billion in 2028 at a CAGR of 31.4% in the forecast period. AR and VR have enhanced the gaming experience by offering a real-time ability to take gamers into their screens. The industry delivers gamers with alluring virtual accessories that improve user engagement along with an immersive involvement. Incessant upgrades in the prevailing technologies comprising motion tracking, 3D effects, and interactive graphics for drawing players' attention are expected to drive the industry growth. Users are demanding new-fangled sources of entertainment due to the surge in their spending capacity and are hence, seen to be engaging in virtual reality games.
The immersive and interactive experience provided by VR games to users is expected to drive the growth of the market. VR racing games, shooter games, horror games, adventure games, and others are some of the various types of VR games. The rising penetration of smartphones and the internet has also been accentuating the growth of augmented reality games in recent years. However, health-related issues such as eye problems, simulator sickness, and others associated with augmented reality & virtual reality games are restraining market growth.
Virtual reality is introduced as a game-changer for gaming industries and is known to offer an improved version of a simple user experience. Nowadays, VR has turned out to be the burning topic for gaming trends which has gained the attention of the potential market. It provides lots of benefits to its users such as offering appealing virtual objects and possesses the capacity to take the user into the game in real-time. However, these benefits have enriched the gaming environment and have introduced the digital world into reality which has boosted the attention and retention of its users.
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