Despite being a relatively new industry, the virtual reality market is booming across the globe and Africa is no different. While the revenue of the VR market stood at just 75 million South African rand in 2018, it is expected to soar up to 462 million South African rand by 2023 at a compound annual growth rate of 44 percent.
Market value of the virtual reality market in South Africa from 2014 to 2023
(in million South African rand)
Characteristic
Total spending in million South African rand
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PwC. (October 22, 2019). Market value of the virtual reality market in South Africa from 2014 to 2023 (in million South African rand) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1067742/south-africa-value-vr-market/
PwC. "Market value of the virtual reality market in South Africa from 2014 to 2023 (in million South African rand)." Chart. October 22, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1067742/south-africa-value-vr-market/
PwC. (2019). Market value of the virtual reality market in South Africa from 2014 to 2023 (in million South African rand). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1067742/south-africa-value-vr-market/
PwC. "Market Value of The Virtual Reality Market in South Africa from 2014 to 2023 (in Million South African Rand)." Statista, Statista Inc., 22 Oct 2019, https://www.statista.com/statistics/1067742/south-africa-value-vr-market/
PwC, Market value of the virtual reality market in South Africa from 2014 to 2023 (in million South African rand) Statista, https://www.statista.com/statistics/1067742/south-africa-value-vr-market/ (last visited July 22, 2024)
Market value of the virtual reality market in South Africa from 2014 to 2023 (in million South African rand) [Graph], PwC, October 22, 2019. [Online]. Available: https://www.statista.com/statistics/1067742/south-africa-value-vr-market/