Chinese Video Streaming Services Using VR as Differentiator, Says Report

Driven by video content and gaming, the virtual reality market in China is projected to grow at a 46 percent compound annual growth rate, reaching 20.5 million units by 2022, said a Monday ABI Research report. Consumers bought nearly 60 percent of VR headsets sold in China last year, it said. As competition among Chinese video streaming services heats up, VR is being used as a differentiator with video, gaming and live concert streaming content, said the report. The market research firm also sees a VR opportunity in e-commerce, it said.