Virtual Reality (VR) has witnessed a big growth in 2020. This technology has the potential to vary our lives, the way we socialize and therefore the way we work. VR may be a fully immersive computer-generated world to innovations like Ready Player One that gives us with a real-world view. Moreover, the advances in VR are mesmerizing. In 2016, over 85% of the computer game headsets sold worldwide were mobile-based, and hottest mobile-based VR headsets are ‘Google Daydream’ and ‘Samsung Gear VR’.
VR tech has gained a widespread recognition following the growing adoption of the technology within the past few years. in sight of this, several players are emerging within the market with the aim to navigate VR towards mainstream adoption. Moreover, the launch of economic computer game headsets is predicted to accelerate the market growth, and investments by technological giants like ‘Google’ is probably going to make an advancement within the field of display technology. Moreover, with the increasing investments in research and development by the prominent players, the market is predicted to be more competitive within the years to return and is probably going to succeed in USD 30 billion by 2026.
Virtual Reality Trends
Virtual reality isn’t just a standalone technology designed for creating an alternate world, it can create a life-like reality. VR is one among the foremost immersive technology, its application involves wearing a headset that created a 360-degree simulation. Moreover, the upcoming trends for VR are likely to vary the business dynamics.
Education and Training
Education and training are becoming expensive day by day. With VR technology, organizations are going to be ready to crop on their costs and provides their employees the simplest training without imposing them to any potential risk. as an example , Walmart has used 17000 Oculus Go headsets for training its employees within the customer service department. in sight of that, the U.S. army has started using Microsoft HoloLense technology to supply soldiers real-time updates on their environments.
VR and AI Enhancement
Lists of VR trends can never be complete without AI , the duo has the potential to completely change the planet . However, both of them are at their infancy and have only made small appearances here and there. as an example , the features available on Instagram and Snapchat are the mixture of both AI and VR.
Travel and Tourism
VR can now enable its users to travel the planet by being reception . By playing an immersive video, you’ll travel at any of your favourite destinations without even packing your bag. It provides its users with the ‘try it before buy it’ experience. aside from this, it also allows its users to possess a street view, check the venues and nearby restaurants by just being within the room.
Players Active within the Market
Globally, over 89 million VR headsets were sold in 2016, and 98% of it’s accounted for mobile-based VR headset. Moreover, Google Cardboard accounts for many of the market because the price of the headset is comparatively less. Following are a number of the prominent players active within the market:
Oculus Rift is one among the foremost popular VR systems. it had been first launched as a commencement project, and over 355,000 oculus rifts were sold in 2012. Later, the VR company was acquired by Facebook in 2014. Primarily, the main target of the headset was to supply a far better gaming experience; however, the corporate is now that specialize in expanding its application to business use. Oculus claims that the system is more advanced and powerful, and its adoption will heavily benefit the manufacturing and advertisements sectors.
Google Daydream VR
Since its launch, Google cardboard has the main market share, 84 million devices as of 2016. because the name suggests, the VR was made using cardboard, it had been launched as an experiment to let people experience computer game .
Future of VR
We can already see that VR will have an incredible impact on our daily lives within the future. With major players entering the market, the event of VR is probably going to proceed at a faster pace.
Virtual reality, augmented reality and mixed reality are steadily growing to succeed in USD 150 billion by 2020
1. Standalone headsets will become a mainstream VR device
2. Rise of Virtual Changing rooms
3. Virtual humans to drive the utilization of VR in social interactions
4. Headsets are going to be designed to seem like sunglasses
5. Aid in resolving phobias and fears
6. Interactions with VR are going to be made available on smart wearables
Today, VR is providing what consumers are trying to find , and it’s the potential to play an enormous role within the way forward for learning and development. Moreover, with virtual simulation, an individual can now feel the important life-like experience at a fraction of cost. However, development in computer game remains ongoing , we still have high expectations on what the longer term holds for VR.