Mississauga, ON -- (SBWIRE) -- 07/08/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "VirTra Wins Second Order from IDIQ Contract, Shares At 52 Week High."
Companies mentioned in this article include VirTra Systems Inc. (OTCPK:VTSI).
According to a report by Market Reports Store, the global military simulation and virtual training industry is forecast to grow at a compound annual growth rate or CAGR of 4.2% between 2015 and 2025.
The report notes that the military simulation and virtual training market was worth around $10.4 billion in 2015. By 2025, the market is expected to increase to $15.8 billion. The report adds that the market is expected to be dominated by North America followed by Asia-Pacific and Europe.
The North American market is of course dominated by the U.S., which is the largest spender. According to the report, the U.S. is expected to see cumulative expenditure of $48.9 billion over the next decade.
The full version of this article can be found at:
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