VR Content Creation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

VR Content Creation Industry Overview

VR content creation services market is moving toward a fragmented market as the competition in the market is intensifying owing to a large number of players increasing their presence in the region through collaboration, merger & acquisition, and product innovation. Players include Visualise Creative Limited, Panedia Pty Ltd, Fiebak Medien,Facebook and others.

• April 2023 - Virtual reality (VR) game developer Vinci Games has secured USD 5.1 million in a seed fundraising round, which was headed by Makers Fund and included participation from Y Combinator, Soma Capital, Pioneer Fund, Anorak Ventures, BonAngels, and Kevin Lin, the co-founder of Twitch. The funds raised will go towards the production of the studio's debut game, Blacktop Hoops, a competitive, socially driven VR basketball experience. It has the most simple-to-use shooting, dunking, and dribbling basketball mechanics created particularly for virtual reality, letting users immerse themselves in the action of streetball.
• June 2023 - BinaryX revealed their intentions to enter the Virtual Reality (VR) and Artificial Intelligence Game Content (AIGC) markets. In order to create a ground-breaking new GameFi genre of AI-based VR games, BinaryX has apparently signed into agreements with their VR and AIGC partners, AiGC Labs. The team claims that BinaryX, in partnership with AiGC Labs, is getting ready to release the first VR game with a focus on both VR and AIGC.