The Business Research Company | February 25, 2022
Virtual reality in gaming market consists of sales of virtual reality gaming hardware and software devices by entities (organizations, sole traders, and partnerships) that offer the ability to take players into the game in real-time. Virtual reality technology uses computing hardware, software, and other VR peripherals to create virtual environments that immerse the user in the game's 3D environment.
The global VR in gaming market size is expected to grow from $9.39 billion in 2021 to $12.13 billion in 2022 at a compound annual growth rate (CAGR) of 29.2%. The change in the virtual reality in gaming market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The virtual reality in gaming market is expected to reach $33.65 billion in 2026 at a CAGR of 29%.
How 5G Is Shaping The Virtual Reality In Gaming Market
5G-based VR cloud games are shaping virtual reality in gaming market. 5G VR cloud is a combination of cloud, virtual reality, and 5G connectivity in gaming. Major companies operating in virtual reality in gaming sector are focused on developing 5G based VR cloud games to offer customers low latency and high bandwidth services. For instance, in May 2020, Archiact, a Canada-based VR games studio merged with Migu Co. Ltd., a China-based consumer technology company to bring VR games to its 5G cloud gaming platform. Archiact states that by teaming with Migu, it will be able to work together to establish the vision of 5G VR cloud gaming, making VR even more available.
Virtual Reality In Gaming Market Overview
The main types of components in virtual reality in gaming are software and hardware. Virtual reality gaming software builds immersive 3D environments which can be used in VR games. The virtual world is created by software developers, who create a virtual environment for users so that they can interact with the place and objects in that environment. The different types of games include racing, adventure, fighting, shooting, mystery thriller, puzzle, and science fiction and use various devices such as personal computers, gaming consoles, mobile devices. Such software is used by verticals including commercial spaces and individuals.
Key Players And Their Activity In The Virtual Reality In Gaming Industry
Major players in the virtual reality in gaming market are Facebook Technologies LLC., Google, HTC Corporation, Samsung Electronics Co. Ltd., Fove Inc, Sony Interactive Entertainment LLC, Nintendo Co. Ltd., Razer Inc., Oculus HR, Microsoft Corporation, ZEISS Group, Advanced Micro Devices, Sega Corporation, Kaneva LLC, Nvidia, Qualcomm, bHaptics Inc., and Electronic Arts Inc.
Mergers and acquisitions help players maintain their position in the market. In February 2020, Facebook, a US-based social networking service company acquired Sanzaru Games for an undisclosed amount. Sanzaru Games is a US-based video game development company. This acquisition enabled Facebook's persistent interest in propping up VR gaming firms and aligning them around their goals while allowing them to operate autonomously.
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VMware | April 26, 2022
VMware, Inc. (NYSE: VMW) today announced the availability of VMware vRealize Cloud Management Services in India. This will enable Indian enterprises to accelerate their SaaS-based Multi-Cloud Management.
Today App Developers, DevSecOps Platform teams, IT and Security Operators have the freedom to choose between different cloud services to enhance customers’ experience. Managing cloud workloads can give rise to complexities, making it difficult to manage app deployment, security, provisioning cost, and operations for these distributed clouds.
Inclusive of CloudHealth by VMware, vRealize Cloud Management has empowered thousands of customers with consistent deployment and operations of apps, infrastructure, and platform services across multi-cloud. It has helped customers enhance agility, efficiencies and accelerate innovation while managing cost, security and governance across clouds.
With this expansion in India, vRealize Cloud Management services are now available in 10 regions globally, US West, US East, Brazil, Canada, the UK, Germany, Australia, Singapore, Japan and India. Customers can take advantage of minimal latency and local data hosting to comply with performance standards and data residency laws.
“No matter where enterprises are in their cloud journey, vRealize Cloud Universal solution brings consistency and speed in managing all types of clouds and enables organizations to adapt, respond, and innovate on the go. We want to empower our customers to build, operate and secure applications anywhere in a multi-cloud environment by choice of deployment options that best meet their business requirements – both on-premises and in the cloud.”
Pradeep Nair, Vice President and Managing Director, VMware
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda.
VIRTUAL SERVER INFRASTRUCTURE
Odders Lab | February 07, 2022
BODYCOMBAT – the world's most popular martial arts workout, enjoyed by millions globally each week – moves into the metaverse as fitness and gaming converge
Les Mills is bringing exercise motivation to the metaverse with the launch of the BODYCOMBAT VR app, fusing globally-renowned trainers with virtual reality (VR) for an out-of-this-world fitness gaming experience.
The group fitness leader has teamed up with VR specialist Odders Labs to transform the world-famous BODYCOMBAT™ workout into a high-octane VR gaming app on the Quest Platform.
Led by BODYCOMBAT's legendary program directors Rachael Newsham and Dan Cohen – the game pits players against martial arts challenges across a variety of levels, spanning intergalactic deserts and neo-city skylines. Players earn points for their effort and technique, with Rachael and Dan providing coaching cues and motivation to power them through the workouts.
Rachael Newsham, Program Director of BODYCOMBAT, said: "The cultural convergence between fitness and gaming is sparking exciting collaborations and innovative products, so naturally we jumped at the chance to team up with Odders Labs to create something truly magical.
"The BODYCOMBAT VR app transports you into the middle of the most popular martial arts workout on the planet. The gamification and stunning VR vistas combine with the incredible moves, music and instruction that BODYCOMBAT is famous for to create an exhilarating experience that's so fun you forget you're even exercising.
"Our mission is to create a fitter planet and we hope the launch of the BODYCOMBAT VR app enables us to reach new audiences and break down barriers to exercise, helping more people to start their fitness journey and reap the rewards of an active lifestyle."
After many years of taking BODYCOMBAT classes in gyms and at home, it's been an incredible journey to work on bringing the experience to VR.”
Jaime Pichardo Garcia, Odders Labs Business Director
“This is a new step towards the future of fitness, and a revolution for VR workouts by bringing one of the biggest IPs in the fitness world with the same focus as Odders: innovation as the key differentiation of our products."
Standout features of the game include:
Bodycombat’s Signature Style
The BODYCOMBAT VR app goes beyond jabs, hooks, and uppercuts. Squat and slip to dodge walls, throw sky punches to break targets, ram home hammer punches, and grab targets to slam with your knee!
Access all types of workouts – including boxing fitness, speed workouts, core exercises, lower body, and more.
All workouts are scientifically-designed to deliver results, with players able to track their performance and progress throughout the app experience.
World-famous Instructors Dan Cohen & Rachael Newsham are on hand to help hone technique and motivate players to push through each and every workout.
Specially-curated soundtracks featuring the hottest up-and-coming artists to keep players pumped throughout their workouts.
About Les Mills
Les Mills is the global leader in group fitness and creator of 20 programs available in leading fitness facilities around the world. Les Mills programs include the world's first group exercise resistance training workout BODYPUMP, BODYCOMBAT (martial arts), RPM (indoor cycling), BODYBALANCE (yoga), LES MILLS GRIT™ (30-minute high-intensity interval training) and the revolutionary immersive cycle experience, THE TRIP™. Each workout is refreshed and updated with new choreography and music every three months.
The company was founded by Les Mills – a four-time Olympian and head coach of New Zealand's track and field team – who opened his first gym in 1968 with the aim of taking elite sports training to the masses. Today, Les Mills workouts are delivered by 140,000 certified Instructors in 21,000 clubs across 100 countries and are available as live, livestream, virtual and immersive classes, as well as via the LES MILLS+ streaming platform.
About Odders Lab
Odders Lab is an innovative VR development studio creating unique titles with a spin. Based in Seville, Spain, we develop consistent products with a spin by adding unique characteristics that make our titles stand out from the crowd.
With this focus on innovation, it was just a no-brainer to create a partnership with LES MILLS to bring the most innovative fitness experience to the VR market.
VIRTUAL SERVER INFRASTRUCTURE
KIOXIA | April 29, 2022
Next week at Dell Technologies World, KIOXIA America, Inc. will be on hand to demonstrate how its innovative solid state drives (SSDs) are accelerating customer application performance and enabling product breakthroughs. From SSDs designed with PCIe ® 5.0 technology that boost power and performance to the industry’s first lineup of Enterprise and Datacenter Standard Form Factor (EDSFF) E3.S SSDs1, best in class drives from KIOXIA are used in a number of Dell product lines.
KIOXIA, the inventor of NAND flash, sits at the forefront of flash storage and SSD innovation. Achievements such as the introduction of 3D flash memory, XL-FLASHTM storage class memory, and new form factors and interfaces underscore the contributions the company has made toward enabling next-gen applications – and transforming the digital world.
“A culture of innovation is the bedrock upon which a company can claim to offer breakthrough solutions – and both Dell and KIOXIA have that in their DNA,” commented Neville Ichhaporia, vice president of SSD marketing and product management, KIOXIA America, Inc. “We are proud to collaborate closely with Dell to push the limits of what’s possible in our new data-centric world.”
Dell Technologies World Breakout Session
On May 3rd at 1:30pm and May 4th at 10am, KIOXIA America and Dell will jointly conduct a session titled, “KIOXIA and Dell: Together on the Forefront of Storage Technology. 2022 – the Year of Breakthrough Storage Technologies.” This session focuses on the bevy of new technologies in the SSD realm that have already been seen this year, as well as those yet to be unveiled. Highlights include 24G SAS (SAS-4) bringing unprecedented speeds to SAS-equipped architectures, PCIe 5.0 technology doubling the performance of PCIe 4.0, and new form factors enabling higher performance and density than ever before.
Additionally, Neville Ichhaporia will be featured in an interview on Dell TV. The breakout session and interview will be available on the KIOXIA Dell Technologies World sponsor page and can also be viewed on the Dell Technologies World website at the conclusion of the show.
KIOXIA has been a Dell strategic supplier for two decades and a Diamond-level Dell Technologies World sponsor for multiple years. KIOXIA products can be found in numerous Dell solutions for laptop/mobile computing, desktop, data center, and enterprise servers/storage.
About KIOXIA America, Inc.
KIOXIA America, Inc. is the U.S.-based subsidiary of KIOXIA Corporation, a leading worldwide supplier of flash memory and solid-state drives (SSDs). From the invention of flash memory to today’s breakthrough BiCS FLASH™ 3D technology, KIOXIA continues to pioneer innovative memory, SSD and software solutions that enrich people's lives and expand society's horizons. The company's innovative 3D flash memory technology, BiCS FLASH, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive, and data centers.