Why and How Virtual Reality is Growing?

Virtual Reality has witnessed a significant amount of growth in recent years. Along with Augmented Reality, it has been touted to have the potential to change lives, the way we socialize, and the way we work.

With its advanced visuals and simulations, VR never ceases to amaze us. In 2018, more than 85% of the virtual reality headsets purchased across the world were mobile-based. Among these most popular headsets like ‘Google Daydream’ and ‘Samsung Gear VR’ have become the talk of the town.

Following increased adoption in the last few years, VR tech has gained widespread recognition. As a result, several businesses are moving towards making VR a mainstream adoption in their organization. The rise of commercial Virtual Reality headsets is highly expected to boost market growth.

What are the Latest Trends in Virtual Reality?

Virtual Reality applications do not merely create an alternative reality but they make it appear life-like. While it is already captivating users with its immersive nature, here are some of the latest trends that developers are integrating into VR app development:

VR and AI Enhancement:

The integration of Virtual Reality with Artificial Intelligence has been an intriguing prospect for a long time now. Experts in the tech domain believe that this combination has the potential to completely change the world.

However, there have been very few integrations of these two advanced technologies. For instance, the filters available on Instagram and Snapchat are a combination of both AI and VR. The immense popularity of these social media platforms is a result of these filters.

Education and Training:

With VR technology, organizations in the education and training domains can be able to cut back on their costs. While learners can learn at their convenience, trainees in domains like the military can receive the best training without imposing them to any potential risk.

For instance, Walmart has more than 17 thousand Oculus Go headsets for training its employees in the customer service department. Similarly, the U.S. army has started using Microsoft HoloLens technology to offer soldiers a real-time feel of field environments.

Travel and Tourism:

VR enables its users to experience travel by just being at home. By playing an immersive video, VR users can travel to any of their favorite destinations virtually and see if they would like to plan a holiday there.

Apart from this, it also allows its users to have a street view, check the venues, hotels, tourist attractions, and nearby restaurants. Using this, one can plan a trip efficiently before even packing a bag.

Popular VR Headsets in the Market:

The following are some of the most prominent VR headsets in the market in 2021:

Oculus Rift:

Oculus Rift is one of the most popular VR headsets on the global level. It was first launched as a commencement project and over 350 thousand headsets were sold in the year 2012. Primarily, the focus of the headset was to offer a captivating gaming experience to users.

However, they are now focusing more on expanding their application to corporate use. Oculus claims that the system is more advanced and powerful. Its adoption is set to largely benefit the manufacturing and advertisement sectors.

Google Daydream VR:

Ever since it came into the market, Google Cardboard has a major market share. According to statistics till the end of 2016, more than 84 million devices have been sold. As the name suggests, the VR was made using cardboard, it was launched as an experiment to let people experience virtual reality.

Samsung Gear VR:

In 2014, Samsung collaborated with Oculus to build Samsung Gear VR. The idea behind Gear VR was to build a slightly more consumer-oriented system. Some of its prominent features are that it is lightweight, wireless, and powered by Samsung mobile phones.

The highest revenue earned by Samsung VR gear was over USD 2 million in the year 2016.

Sony PlayStation VR:

Sony has combined its VR headset with the famous gaming hardware PlayStation. On the global level, Sony PlayStation sold approximately 4.2 million VR headsets in the year 2019. In the market, it clear steered ahead of its competitors Oculus Rift and HTC Vive.

What is the Future of Virtual Reality?

Virtual Reality, along with Augmented Reality and Artificial Intelligence is headed for perpetual growth in the next few years. The AR/VR/MR market is expected to be worth more than USD 200 billion by the end of 2022.

Interaction with AR will be easily available with wearable devices like glasses, helmets, and caps taking precedence over others. If you are looking to integrate VR into your business, we are rendering ideal services to you.

At Sapizon Technologies, we render a wide range of services like AR/VR app development in education, real estate, architecture, healthcare, auditing, travel, aviation, and more. For a detailed briefing, you can book a free consultancy with our AR/VR experts.