According to a new study by Fact.MR, a provider of market research and competitive intelligence, the global metaverse gaming market is expected to garner $1.3 trillion (€1.2trn) by the end of 2033, expanding at a CAGR of 38.2 per cent from 2023 to 2033. The metaverse, which has been attracting a lot of new users, […]
The UK is forecast to maintain its position as the leading entertainment and media market in Europe over the next four years according to PwC’s Global Entertainment & Media (E&M) Outlook 2023-2027. UK E&M revenue is expected to reach £85 billion (€99.1bn) in 2023 with growth forecast at a compound annual growth rate of 4 […]
Meta has launched Meta Quest+, a virtual-reality (VR) subscription gaming service. For $7.99 (€7.31) per month, or $59.99 annually, users will gain access to two hand-picked VR titles every month. Users who sign up now through July 31st will get the first month for $1. “With a combination of VR’s biggest hits, hidden gems, and […]
Comms technologist Ericsson and fabless semiconductor company MediaTek are claiming a new 5G upload speed record of 440 Mbps in low-band and mid-band spectrum using Uplink Carrier Aggregation. The uplink speed brings better, smoother experiences for the likes of video conference users, streamers, and their audience with more frames per second and higher image resolution. […]
French VR and immersive content producer Lucid Realities (part of CLPB Media Group) is to launch a distribution platform of virtual and augmented reality content, dubbed Unframed Collection, in Q3 2023. Dedicated to professionals in platforms and cultural locations offering immersive experiences, this B2B catalogue already boasts some thirty audiovisual works and should reach between […]
The immersive VR experience Ghostbusters VR Academy makes its debut in the world’s largest out-of-home VR network. Published by Sony Pictures Virtual Reality (SPVR) and developed by HOLOGATE, a specialist in compact location-based virtual reality entertainment, Ghostbusters VR Academy is now available at 450+ HOLOGATE locations across 42 countries worldwide. VR fans can now enlist […]
On the heels of a weaker than expected 2022, International Data Corporation (IDC) has lowered its forecast for augmented and virtual reality (AR/VR) headsets in 2023. Global shipments are now expected to reach 10.1 million units in the year, according to the research firm’s Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. Despite the revised […]
Global shipments of AR/VR headsets in 2022 declined 20.9 per cent year om year to 8.8 million units, according to data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline was not completely unexpected, given the limited number of vendors in the market, a challenging macro-economic environment, and a […]
Plume, the personalised communications services pioneer, has revealed insights into the virtual reality device market following a global study conducted from homes powered by its cloud-driven solution. Plume has connected more than 2.2 billion WiFi-enabled devices and currently manages over 45 million locations in the Plume Cloud globally. This latest update explores the popularity and […]
The Alliance for IP Media Solutions (AIMS) has announced its newest members: Netgear, a provider of networking products, and Megapixel VR, a developer of customised, LED displays and video processing technologies. “We couldn’t be more excited to add Netgear and Megapixel VR as our latest members,” said Andrew Starks, an AIMS board of directors member […]