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Immersive VR Market is expected to generate a revenue of USD 345.9 Billion by 2032, Globally, at 18.7% CAGR: Verified Market Research®

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Verified Market Research®, a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the Immersive VR Market – The Immersive VR Market is witnessing significant growth due to increasing demand for experiential marketing, rising adoption in education and healthcare, and technological advancements in VR hardware. However, high equipment costs, limited content availability, and motion sickness concerns are restraining full-scale adoption.

LEWES, Del., April 9, 2025 /PRNewswire/ — The Global Immersive VR Market Size is projected to grow at a CAGR of 18.7% from 2025 to 2032, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 87.8 Billion in 2024 and is expected to reach USD 345.9 Billion by the end of the forecast period.

Key Highlights of the Market Report:

Market Size & Growth Trends: Detailed insights into the current market size, projected growth, and emerging trends.Segmentation Analysis: Detailed insights By Technology, By Component, By End-User, and Geography.Regional Dominance: North America holds the largest share due to strong tech adoption and investment from major VR companies.Competitive Landscape: Profiles of leading players like Meta, HTC Corporation, Sony, Samsung, and Microsoft with SWOT analysis.Market Dynamics: In-depth study on driving forces, market challenges, and new opportunities for growth.

Why This Report Matters?

This report provides strategic intelligence, helping decision-makers identify profitable investment areas, understand emerging trends, and align with evolving consumer behavior in immersive digital ecosystems. It bridges the gap between data and actionable business decisions.

Who Should Read This Report?

Market Research ProfessionalsB2B Technology VendorsInvestors and Venture CapitalistsIndustrial Design & Training CompaniesCXOs, Product Managers, and Innovation HeadsVR Content Developers and Education Providers

For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=482900

Browse in-depth TOC on “Global Immersive VR Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2032

BASE YEAR

2024

FORECAST PERIOD

2025-2032

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Microsoft Corporation, HTC Corporation, Google LLC, Magic Leap, Meta, Samsung Electronics Co., Ltd., Sony Corporation.

SEGMENTS COVERED

By Technology, By Component, By End-User, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

Global Immersive VR Market Overview

Key Market Drivers

Rising Demand for Experiential Marketing: Brands in several sectors are utilising immersive virtual reality to provide captivating, interactive marketing experiences that enhance client loyalty and conversion rates. By replicating real-world surroundings and product interactions, companies may establish significant brand touchpoints. This trend is expediting the adoption of VR in the retail, automotive, and real estate industries, establishing it as an essential instrument for competitive differentiation in digital marketing initiatives.

Integration of VR in Training and Simulation: Organisations are progressively embracing immersive virtual reality as a cost-efficient and risk-free training solution. Industries including aviation, military, healthcare, and manufacturing gain advantages from realistic simulations that enhance knowledge retention and operational preparedness. This generates ongoing demand for VR platforms that provide quantifiable ROI via performance improvement and decreased training expenses.

Technological Advancements in VR Hardware: Advancements in VR headgear, motion sensors, haptic feedback, and 3D audio have dramatically improved the quality and accessibility of immersive experiences. Reduced weight, wireless capability, and enhanced ergonomics in hardware are propelling enterprise adoption. Moreover, 5G and edge computing facilitate real-time rendering and streaming of intricate VR environments, hence creating novel commercial applications in distant collaboration and virtual prototyping.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=482900

Market Restraints Hindering the Market Growth

High Cost of VR Hardware and Infrastructure: Notwithstanding increasing interest, the initial cost in VR headsets, appropriate computing systems, and development tools constitutes a substantial obstacle for SMEs. The creation and maintenance of custom content significantly increase the total cost of ownership. For extensive enterprise-level implementation, organisations must evaluate ROI in relation to long-term cost ramifications, particularly in price-sensitive markets.

Limited Content Availability Across Verticals: The absence of industry-specific, high-quality VR content hinders adoption in specialised industries such as legal, insurance, and elder care. Numerous sectors continue to lack standardised VR training modules or sector-specific applications, hindering their incorporation into current workflows. In the absence of customised content, organisations find it challenging to validate investments or provide uniform, scalable immersive experiences.

Motion Sickness and User Comfort Challenges: User discomfort, including VR-induced motion sickness and ocular strain, remains a significant barrier during extended or high-intensity VR sessions. These concerns affect user happiness and restrict long-term engagement in training, healthcare, and education. Until hardware and software advance sufficiently to completely alleviate these consequences, numerous organisations continue to exercise caution about the integration of VR into mission-critical applications.

Geographical Dominance:

North America leads the Immersive VR Market, propelled by swift adoption of cutting-edge technologies, a significant presence of major VR firms, and substantial investment in research and development. The region advantages from elevated consumer awareness, organisational preparedness, and favourable governmental measures across sectors such as defence, education, and healthcare. This leadership puts North America as the nucleus for innovation and commercialisation within the global immersive VR ecosystem.

Key Players

The “Global Immersive VR Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Microsoft Corporation, HTC Corporation, Google LLC, Magic Leap, Meta, Samsung Electronics Co., Ltd., Sony Corporation.

Immersive VR Market Segment Analysis

Based on the research, Verified Market Research has segmented the market into Technology, Component, End-User and Geography.

Immersive VR Market, by TechnologyNon-ImmersiveSemi & Fully ImmersiveImmersive VR Market, by ComponentHardwareSoftwareServicesImmersive VR Market, by End-UserAerospace & DefenseManufacturingAutomotiveEducationImmersive VR Market, by GeographyNorth AmericaU.S.CanadaMexicoEuropeGermanyFranceU.K.Rest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Augmented Reality and Virtual Reality Market Size By Offering (Hardware, Software), By Device Type (AR, VR), By End-User Industry (Aerospace & Defense, Consumer, Commercial, Enterprise, Gaming & Entertainment, Healthcare), By Geography, And Forecast

Global Augmented And Virtual Reality (AR/VR) Market Size By AR Technology (Marker-Based, Augmented Reality, Marker-Less Augmented Reality), By VR Technology (Non-immersive, Semi-and Fully Immersive), By Component (Hardware, Software, Services), By Geography, And Forecast

Global Metaverse Market Size By Component (Hardware, Software), By Technology (Blockchain, Virtual Reality (VR)), By Application (Gaming, Online Shopping), By Geography, And Forecast

Global Immersive Technology Market Size By Type (Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR)), By Application (Gaming & Entertainment, Education & Training, Healthcare, Manufacturing & Industrial, Retail & E-commerce), By Geography, And Forecast

Top 7 Intelligent Virtual Assistant Software outsmarting business obstacles

Visualize Immersive VR Market using Verified Market Intelligence :-

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis covers over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Verified Market Research®
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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/socomec-daitron-team-up-to-meet-japans-growing-power-demands-302755570.html

SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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SOURCE Trip.com Group

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