Global VR Collaboration Platform Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global VR Collaboration Platform Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

VR collaboration platforms allow users to collaborate in virtual reality from remote locations. These solutions enable users to meet up in the same virtual space and communicate through both speech and text. VR collaboration platforms offer users the ability to choose and edit avatars to represent their likeness as well as custom environments to host a virtual meetup. Within virtual meetups users can host virtual presentations, edit and visualize designs, and collaborate and socialize on any team projects.

Market Overview:

The latest research study on the global VR Collaboration Platform market finds that the global VR Collaboration Platform market reached a value of USD 117.04 million in 2022. It’s expected that the market will achieve USD 883.4 million by 2028, exhibiting a CAGR of 40.06% during the forecast period.

Influence of Regional Conflicts on the VR Collaboration Platform for Enterprise Industry

The political relationship between countries is an important factor to determine the economic and trade exchanges between countries, especially the war or military conflict between countries will have a negative impact on trade, and even reduce long-term trade and investment, which is a general consensus of people. In today's peaceful times, there are still political conflicts and frictions between countries, but their intensity is often less than that of the two sides going to war. Whether the deterioration or improvement of the relations between the two countries will still bring about trade changes, and what the possible influence channels are, has become a topic of concern to many researchers. The establishment of diplomatic relations, state (regional) visits, continuous conflicts, and specific conflicts will all have an impact on national trade.

With the deep integration of Internet with politics, economy, society, culture, military and other fields, cyberspace has become a new stage of global geopolitical game. Only by mastering more key technologies and resources of cyberspace can we win more discourse power and initiative, and be in a more favorable position in international competition. With the popularity of meta-universe concept and the development of VR and AR technologies, countries pay more and more attention to VR software technology, which improves a better development policy and environment for enterprises to carry out technology research and development.

In addition, under geopolitics, exchanges between countries in conflict may be hindered, and VR Collaboration Platform provides the possibility for remote collaboration between enterprises.

VR Collaboration Platform for Enterprise Market Drivers Analysis

Teamwork is essential, but it has become a challenge for global companies with departments or subsidiaries all over the world. With the progress of science and technology, the communication mode of human beings has also changed from words to pictures and voices. Although they are thousands of miles apart, they can make people feel close at hand through smooth video calls. The immersive experience given by VR (Virtual Reality) will change the way people communicate again, making it possible to socialize face to face. VR collaboration application can effectively increase the efficiency of remote collaboration.

VR collaboration application is very suitable for improving communication between colleagues, and the decision-making and verification process can be carried out without actual meeting. Users in different places are immersed in their own 3D systems, and they can see each other in real time from any 3D application, view the same 3D model and operate. This further developed application technology of virtual reality environment can make participants of the same 3D project share ideas easily and effectively by using visual media, thus strengthening communication with each other and significantly saving time.

VR collaboration solutions can also be used to provide distance training in real time, regardless of distance. This can greatly simplify the teamwork within the company, especially the collaboration between people around the world. VR can create a completely risk-free operating environment, virtual reality training and experience can break through the limitations of time and space, and employees can conduct operation training individually or in groups of people. The system can automatically guide employees to learn skills and operate, and realize independent training. It can also intelligently find and evaluate operation errors when employees operate, and help them to check for leaks and fill vacancies.

Real-time 3D collaboration will be the future of the next generation of computing media, and the COVID-19 epidemic has accelerated the arrival of this day. Virtual reality office environment, remote collaboration and working from home in virtual reality will be the future work direction.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Autodesk, Glue, ImmersedVR with the revenue market share of 5.81%, 4.68%, 3.76% in 2021.

Autodesk is a design software company that serves customers across the manufacturing, architecture, building, construction, media, and entertainment industries. Autodesk has taken a leading role in the development of robotics, Augmented and Virtual Reality, and 3D printing.

Autodesk Construction Cloud connects workflows, teams and data at every stage of construction to reduce risk, maximize efficiency, and increase profits. With radically simple, purpose-built tools for all stakeholders, Autodesk is empowering everyone to collaborate securely from a single source of truth throughout the construction lifecycle. Autodesk Construction Cloud’s extensive integration ecosystem further enables teams to easily automate workflows and eliminate data silos. The breadth of Autodesk's portfolio, depth of capabilities and seamless connectivity unite office and field teams from design through planning, construction, and operations, and usher in a new era of connected construction.

At Autodesk, the team behind Autodesk Construction Cloud is proudly dedicated to developing and delivering products that help construction teams meet the world’s rapidly expanding building and infrastructure needs, while making construction more predictable, safe and sustainable. A better way to build, together.

Glue is a collaboration platform for teams who need remote meetings to be as great as face-to-face meetings.

Glue brings remote teams together to learn, share, plan and create. Combining the best in immersive 3D graphics, virtual reality and cloud computing technology, Glue empowers teams everywhere to maximize their collaborative potential.

Segmentation Overview:

Among different product types, Cloud-based segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Large Enterprises segment occupied the biggest share from 2018 to 2022.

Key Companies in the global VR Collaboration Platform market covered in Chapter 3:

Glue
Autodesk
Virbela
Rooom AG
TechViz
Cavrnus
Yulio Technologies Inc.
Spatial
MeetinVR
Vive Sync
Meetingroom
Varjo
Arthur Digital
ENGAGE Plc
ImmersedVR

In Chapter 4 and Chapter 14.2, on the basis of types, the VR Collaboration Platform market from 2018 to 2029 is primarily split into:

Cloud-based
On-premises

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the VR Collaboration Platform market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)