VR (Virtual Reality) and Immersive Video News

U.S. tech revenue to hit $487 billion in 2021
Jul 20, 2021 – According to the CTA, subscription video streaming services will see continued growth in demand in 2021. TV shipments will reach 45 million units, with NEXTGEN TV shipments up nearly sixfold to 2.1 million units.
News categories: CTA, Gary Shapiro, Digital TV, Gaming, Market Research, OTT, Smart Home, Smart TV, Smartphone, USA, VR

Entertainment & media rebounding strongly from pandemic slump
Jul 13, 2021 – According to PwC, the entertainment & media industry has regained its momentum. The industry is on track to grow 6.5% in 2021 and 6.7% in 2022, fueled by strong demand for digital content and advertising.
News categories: PwC, Werner Ballhaus, Advertising, Digital TV, Gaming, Market Research, OTT, VR, Worldwide

Facebook leads VR headset market in Q1 2021
Jul 1, 2021 – Global shipments of VR headsets grew 52.4% year over year in the first quarter of 2021, according to IDC. The growing popularity of gaming, as well as fitness, has helped spread consumer awareness of VR.
News categories: IDC, Jitesh Ubrani, Tom Mainelli, Market Research, VR, Worldwide

5G mobile, smartphone accessory, and VR HMD shipments to grow rapidly in 2021
Jun 3, 2021 – According to ABI Research, most consumer devices and services, especially 5G smartphones, accessories, and VR Head-Mounted Displays (HMDs), will remain healthy in terms of shipments in 2021.
News categories: ABI Research, Eleftheria Kouri, 5G, Market Research, Smartphone, VR, Worldwide

CUJO AI reveals North American connected device usage patterns
Jun 2, 2021 – CUJO AI has released its annual device intelligence report. The report explores connected device usage patterns and trends based on data from more than 1 billion devices in the Unites States and Canada.
News categories: CUJO AI, Kimmo Kasslin, Big Data, Canada, Digital TV, Gaming, Smart TV, Smartphone, Tablet, USA, VR

Digital content revenue to exceed $432bn globally by 2026
May 24, 2021 – Juniper Research expects the market for digital content to reach $432 billion by 2026; rising from $211 billion in 2021. Digital games are expected to generate the highest revenue in 2026.
News categories: Juniper Research, Saidat Giwa-Osagie, Advertising, Digital TV, Gaming, Market Research, OTT, Smart Home, VR, Worldwide

Hologram dining experience opens in London and Edinburgh
Apr 15, 2021 – The world's first hologram dining experience has opened in London and Edinburgh. Virgin Media’s 'Two Hearts Pizzeria' will connect diners at opposite ends of the UK via a real-time holographic dining experience.
News categories: Virgin Media, Jeff Dodds, Dr James Bellini, Digital TV, UK, VR

Entain and Verizon Media to develop VR experience for live sports
Dec 17, 2020 – Verizon Media and Entain plc (LSE: ENT) have announced that they will develop a highly immersive proof of concept VR experience that will combine live sports viewing with interactive layers of sports data and gaming.
News categories: Verizon Media, Entain, Guru Gowrappan, Shay Segev, Digital TV, Market Research, UK, USA, UX, VR

InterDigital announces completion of VVC and V-PCC MPEG standards
Dec 17, 2020 – InterDigital (NASDAQ: IDCC) has announced the finalization of the VVC and V-PCC video standards. VVC improves HEVC performance by 50%, while V-PCC is the first MPEG compression standard for dynamic point cloud content for immersive video experiences.
News categories: InterDigital, Lionel Oisel, Content Distribution, Digital TV, Media Player, VR, Worldwide