China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out

//China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out

China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out

China’s virtual reality (VR) market is forecast to expand to 54.45 billion yuan (US$7.9 billion) by 2021, fuelled by increased policy support from Beijing, according to the industry regulator, as advanced 5G mobile networks are rolled out across the country.“The compound annual growth rate of the VR market is expected to reach 91.2 per cent,” said Wu Shengwu, deputy head for the electronic information division of the Ministry of Industry and Information Technology (MIIT), at a press conference…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-06-21T13:03:50+00:00 June 21st, 2019|Technology|Comments Off on China’s virtual reality market set to expand, driven by increased policy support, 5G network roll-out