Newzoo predicts VR games revenue will double by 2024

Newzoo released a new report this week, forecasting the near future of the virtual reality market, both for hardware and games. Among other findings, the analysis predicts that VR games revenue could rise to $3.2 billion by 2024, with as many as 46 million active headsets in use.

More specifically, Newzoo predicts that the VR market will hit $1.8 billion in 2022, with 27.7 million headsets in use. Standalone headsets and cloud streaming are making games more accessible, according to the analysis, as is support for VR by popular game engines.