Virtual reality applications become one of the major focuses for numerous app developers. With its fast growth, the virtual reality (VR) technology will soon become a reality.

What is the virtual reality price and how much should business be ready to spend to create a virtual reality app?

In its report, Statista forecasts the global VR hardware and software market size to reach the value of $12.1 billion in 2018. This figure is twice higher in comparison with the year 2017.

The agency also states that the number of VR users in 2018 will be around 171 million. The virtual reality market will significantly grow in the upcoming years.

Thus, the total revenue from virtual reality software is expected to increase by more than 3,000% in four years. In 2018, Statista projects that the VR software revenue will reach a total value of nearly $4.667 billion which is 70% more than in 2017.

Technology background

A cost of virtual reality varies depending on many factors. While the major part of virtual reality price depends on the type of virtual reality content, you should keep in mind other aspects that can significantly influence the total cost of your VR application.

In this paragraph, we will list three main components you should consider before creating a virtual reality project.