Chinese Video Streaming Services Using VR as Differentiator, Says Report
Driven by video content and gaming, the virtual reality market in China is projected to grow at a 46 percent compound annual growth rate, reaching 20.5 million units by 2022, said a Monday ABI Research report. Consumers bought nearly 60…
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percent of VR headsets sold in China last year, it said. As competition among Chinese video streaming services heats up, VR is being used as a differentiator with video, gaming and live concert streaming content, said the report. The market research firm also sees a VR opportunity in e-commerce, it said.