The number of 360 video and VR studios is growing at an explosive rate. Every day a new VR studio is started somewhere in the world. Virtual Reality Marketing now lists 1784 studios in 72 countries.

“It seems like we are reading about the death of VR on a weekly basis. But from our perspective VR is steaming ahead full speed. There is no way of knowing the exact number of VR producers out there. But VirtualRealityMarketing.com’s membership numbers are a pretty good indicator of the overall trend,” said VirtualRealityMarketing.com co-founder Rick Berglin.

“It’s astonishing to see the number of VR studios launching at such a rapid pace. We started our directory back in 2015, before HTC Vive and Oculus had even launched, with 99 studios as members. Fast forward a couple of years and we have 1700 members. We estimate that on average 1.5 new VR studios open for business somewhere in the World every day. And VR is just getting started,” added Berglin.

“People always talk about the VR industry, and wonder if VR is dead or if it’s thriving. Personally, I think that looking at the AR/VR world as a whole is missing the point. Rather, I find it’s about how the new immersive tools and technologies are affecting all the other industries. if you look around, you see lots of really exciting of use cases for these technologies that start to have a real impact across several business verticals. In the end, it’s not about the VR industry but rather all about what VR and AR can do for everyone else,” commented Terry Proto, fellow co-founder of VirtualRealityMarketing.com.

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