In recent years, the Romanian virtual reality (VR) market has shown significant potential and development trends against the backdrop of overall European growth. According to the latest report from International Data Corporation (IDC), European augmented reality (AR) and virtual reality (VR) spending is expected to reach $4.8 billion by 2024, growing at a compound annual growth rate of 21.9% over the next five years.
This growth highlights the growing demand for VR headsets and VR gaming consoles. The Romanian market is particularly poised to benefit from this trend, with the AR and VR market in Romania expected to reach $71.8 million by 2024, according to Statista market insights. The surge in interest and investment makes the timing ideal for the company Owatch to launch its advanced virtual arcade device and VR sports chair to Romanian users.
With the rapid expansion of the Romanian VR market, Owatch’s VR gaming equipment has shown great potential and appeal in local amusement parks. Whether used for home entertainment or educational training, Owatch’s equipment delivers a great experience and becomes the highlight of the amusement park. The growing demand for immersive and interactive experiences makes Owatch VR devices perfect for these venues.