How The AR and VR Market Size Is Expected to Reach $45 billion by 2025
Date : Apr 30, 2020
Author : DR Armed Zayed
Virtual and Augmented Reality (VR/AR) are shaping our tomorrow. With the full range of applications, particularly in the gaming and entertainment industry, the future of VR and AR technologies is looking bright.
These simulations enable gamers to indulge in fantasy scenery, where they can explore a 3D environment. All the accessories that come with it make the experience even more engaging. They allow users to interact, move, and shape any objects in a game.
Plenty of private companies have invested in VR and AR prototypes to use in upcoming video games. This type of interest is predicted to have a favourable effect on the growth of the virtual industry.
To share the real impact of AR and VR tech on the gaming market, we’ve decided to provide you with the ultimate in-depth market analysis. Here is what you can expect for these simulations for 2025.
What’s the Forecast for VR and AR Tech In Gaming?
Back in 2017, the AR and VR market was estimated at around $11.35 billion. The lack of awareness and compatibility problems didn’t make it a popular option for gamers. But, since then, a lot has changed, and this type of tech has shown many potentials.
According to Grand View Research, VR in the gaming market is forecasted to reach a staggering $45.09 billion by the end of 2025.
Major corporations like Nintendo and Sony are looking to launch consoles compatible with VR, which is the primary driving force for the industry’s growth. These consoles are most likely going to be a super popular device for playing VR games.
They are also expected to be more advanced in terms of a processor, efficiency, and speed. Anything that is VR-compatible will help users get completely immersed in the simulation. This is not something that can be achieved with any other method.
What Trends Are Affecting the VR and AR Market Size?
With the current technological advances, VR and AR tech has become more accessible. So, simulation technologies and augmented reality do seem like a lucrative opportunity to increase the market.
Aside from the consoles, other trends help the market size grow. You have an increased interest in the gaming industry, faster internet, and mobile gaming, all contributing to the growth of VR and AR market size.
For the past couple of years, gaming has become immensely popular. Many PC, mobile, and console users are spending hours playing every day. But, with the faster internet and better connectivity, this activity has become even more popular.
Of course, gaming is not the only industry that influences the AR and VR market growth. What most people don’t realize is that technologies such as these are useful and cheap for creating a training scenario and improving skills.
Plenty of corporations have already implemented AR and VR tech to train their employees. Since they don’t need to waste money on resources to create the perfect training scenario, they can use AR and VR to do it for them.
For example, a trainee firefighter doesn’t have to run into a fire to get experience. They can use AR to get a sense of the environment. Also, before you hire a new employee, you will want to give them a general idea of how to workplace looks like on a busy day. Simulation tech can provide new hires a company tour so they can get a taste of how it is to work in that workspace.
Simply put, VR and AR have countless uses. It’s no wonder why the forecast for this market is looking so promising.
How Virtual Reality Can Improve Your Time at Work
Date : Apr 17, 2020
Author : DR Armed Zayed
Interacting with digital technology inside and outside the office has become a norm. To keep up with the constant technological advances, many businesses have already implemented VR (Virtual Reality) in their workspace. In fact, according to statistics, the Augmented Reality (AR) and Virtual Reality (VR) market will account for $18.8 billion in 2020 and is predicted to increase dramatically in the next few years.
Since business owners have to constantly search for the ideal methods to create productive and engaging ways for employees to meet their goals, many have turned to VR tech. Huge corporations are using VR sets for multiple objectives, from emergency training to creating a cooperative work environment.
Here is how virtual reality can be used to enhance your time at work.
1. Integrating a New Employee
Proper onboarding boosts employee productiveness by more than 70% and retention by a staggering 82%, research shows.
To create a healthy working environment and keep their new hires, many companies have integrated VR. This technology helps people feel connected. For remote employees, this is a key strategy for adding immersion and improving workflow.
But, that’s not all. With virtual reality, a business can create the ultimate working environments where the staff can interact with one another from all around the world. That means using the tech for conference calls, meetings, and chats. Therefore, it makes projects much easier to organize.
Simply put, VR replaces real-world interactions with a much more convenient option.
2. Emergency Training
According to a study published by the University of Nottingham, VR sets can provide much safer evacuation drills. Immersive Virtual Reality stimulates the person’s senses. Therefore, it gives users a better understanding of their environment, which makes it a highly more effective method for training scenarios.
Many companies have already invested in VR sets to boost emergency training, like Walmart, for example. Last year, the multimillion-dollar retail company invested in 17,000 VR goggles to train 1 million employees.
However, this is not the only business that has taken this step. Oil, manufacturing, and health care companies have too purchased multiple VR sets to train their staff with a multisensory VR environment.
3. Better Recruitment Process
The employment market is constantly changing. With such a competitive environment, business owners have to make use of every advantage that will pass them by. That means, hiring the best staff. But, since newcomers will have no idea what to expect from working with the new team, employers have turned to VR sets.
With VR, potential employees can take a look at the corporate workplace, how it looks like to be on the team and what kind of office they would get. In other words, it acts as a virtual office tour. Applicants have the opportunity to have a look around, see the meeting office, etc.
The concept of virtual reality may not look fit for business, but it can offer a lot more than people realize. With the current software, there are many options on how to enhance employee experience. If you are looking to add some improvements to your business, you might want to consider virtual reality technology. From practicing training scenarios to replacing interactions with virtual conferences, there is a lot this technology can offer.
While it does seem like a costly investment, many corporations have already implemented it. Since VR is not going away anytime soon, you have the time to think about it. So far, it is expected to only become more popular and adopted in multiple industries.
Have you ever considered adding virtual technology to your business? Do you plan to add it now? Share your thoughts in the comments below.
The Augmented and Virtual Reality Healthcare Market Is on The Rise
Date : Apr 14, 2020
Author : DR Armed Zayed
Categories : Health Care
Augmented (AR) and Virtual reality (VR) is constantly being used in many healthcare centers all across the globe, for surgical and vein visualizations to education, statistics show. Despite it being in its early phase, VR and AR have plenty of potential for these kinds of facilities.
In fact, this market is estimated to grow exponentially by 2028. With our current technology, the use of VR and AR can go way beyond entertainment and become a valuable asset to the pharmaceutical and healthcare market, research shows. Keep reading to find out more.
Why Is the AR/VR Market on The Rise in Healthcare?
Because of the constant increase in health issues worldwide, many investors have been turning their attention toward boosting medical innovations. This has inspired leading players to focus on funds in the healthcare industry.
Plus, the current technological improvements have created a perfect opportunity for AR and VR in the global healthcare market.
According to American News Hour, this has led to an increase in healthcare spending, which is growing quicker than the GDP, 6% on average in middle and low-income countries compared to the high-income ones.
Based on the latest statistical analysis, the typical spending per capita in the industry for 2016 was $1,000, while 50% of other countries spent around $350 per individual. The overall global spending rates were at $7.5 trillion.
As stated by Grand View Research, more and more private funding and investments have been used for these technologies. Furthermore, government-funded programs are also predicted to be adopted for these techs.
Simply put, this rise in spending and various investments is predicted to boost the VR/AR healthcare market for 2020 to 2028.
What Makes VR and AR Important for Healthcare?
AR and VR have revolutionized the industry. By adopting virtual training sessions, surgeons can try highly challenging surgeries in a 3D simulation room. This has proven effective in managing phobia, chronic pain from long-hour training sessions, and soothing mental health issues.
But, that’s not all. This tech has a major role to play in eye movement therapy that can reframe traumatic memories. The technology has proven effective in various areas, including displaying organ models to allow surgeons to better prepare for a delicate operation.
In other words, the technology is mostly used for education and training.
How Does the Global Market Affect AR/VR Tech?
It’s true that the healthcare market is facing shortages of trained personnel. With the ongoing crisis, it’s hard to keep up with the increased demand in healthcare services.
According to Vox News, the U.S. already faced shortages on adequate personnel even before the crisis struck. 17% of the total health care workers come from different countries. With the current pandemic, healthcare workers are pushed to the limit.
This is indeed a challenge for the AR and VR market, but, the number of jobs in healthcare is expected to increase in the future.
For example, from 2018 to 2028, the employment rate in this specific field is assumed to grow by 14%. In other words, just in the U.S. that will account for 1.9 million job openings for that period.
Therefore, the demand for such professions will be on the rise. Due to the constant demand, the period will make for an excellent opportunity for the AR and VR market in the healthcare industry.
The goal is to boost innovation in the sector and achieve a cost-saving method that will provide start-up businesses with new opportunities in the healthcare industry. This might prove as an effective strategy to boost productivity and efficiency in the field.
Apple Glasses, Latest Leak Reveals
Date : Apr 02, 2020
Author : DR Armed Zayed
Apple seems to be creating a unique sci-fi headset, allegedly called “Apple Glass Headgear,” that can completely change the way we see the world around us.
In fact, iOS 14 leak reveals Apple Augmented Reality (AR) or Virtual Reality (VR) controller, and testing software is underway. The company seems to be using hardware similar to HTC Vive to test their latest device. These are one-of-a-kind glasses that use a combination of VR and augmented reality technology. Allegedly, the headgear should be out for sale by 2021.
Is This The First Time Apple Is Working With HTC?
This is not the first time these multi-million dollar companies have worked together. Just a few years ago, Apple and HTC worked to develop its VR project. They focused on making the macOS Mojave compatible with VR. They’ve been working on mutual projects ever since. In 2017, Apple used HTC headsets to test the product.
There are some speculations; the two are working on a controller for the headset. Even though there is no confirmation yet, it does make sense. Users are looking for the most immersive experience they can get. Having something as simple as a controller can make all the difference.
Without one, it would be a little difficult to interact with the glasses, let alone use the VR tech to its full potential.
There is also another speculation of why the two are working together. They could be using their partnership to develop both Augmented and Virtual reality experiences. This will give developers the ability to interact and create some amazing 3D environments.
What Makes These Glasses Special?
So far, only specific devices could use Augmented Reality, such as iPads and iPhones. But with the latest technological advances, Apple showed they are no strangers when it comes to improvement. Now they are working to develop their future product even further and seemingly better than anything else currently available on the market.
With its own processor, display, and unique tech, these sci-fi glasses can take VR to a whole new level.
The iOS 14 leak reveals Apple AR or VR controller, and testing software is most likely ongoing.
It appears that the device projects images, messages, and other features in real-time. These are all computer-generated objects that otherwise don’t exist. Augmented reality makes that possible.
But that’s not all. These gadgets are expected to be so advanced they will allow users to enjoy VR games, explore touristic attractions, learn about various landmarks, or locate destinations all from the comfort of their home.
Of course, these are just leaked speculations and information. The company hasn’t acknowledged the glasses yet.
How Will These do Glasses Look Like?
So far, the shape and size of the headset haven’t been confirmed yet. But, from what we can tell, these gadgets will look very similar to regular glasses, just instead of typical glass, they will be equipped with a very thin screen. Each of them will have their own small processor attached to the side of the device.
From these leaks, we can see that the company is indeed working with VR tech. But, only time will tell how far they have come. We are left with these speculations until we get confirmed information.
Even though the two companies may or may not be collaborating on this major project, it’s safe to say the finished piece will be a highly polished version when it hits the market. The amount of time spent on testing and improving the product, and secrecy, shows that Apple is indeed taking it very seriously.
How Virtual Reality is being used with Mental Health Treatment
Date : Mar 31, 2020
Author : DR Armed Zayed
Mental health conditions pose as a global problem. In the United States alone, at least 7.2% of the population is suffering from a major depressive disorder. Anxiety disorder affects an estimated 19.1% of the population. The World Health Organization reports that at least 25% of the worldwide population is affected by some type of mental health disorder.
Virtual reality has been used as an alternative and complementary therapy for quite some time now. Emerging evidence shows that virtual reality can be an effective strategy for treating several types of mental health disorders in the general population.
How Virtual Reality Helps In The Treatment Of Mental Health Conditions
Virtual reality is used in different ways to help people overcome symptoms associated with certain mental health conditions. Different mental health disorders are also being treated through experimental programs that take advantage of virtual reality technology.
Let’s take a closer look at how virtual reality is currently being used in the treatment of various mental health concerns.
Anxiety disorders are some of the most common mental illnesses that affect the general population. An estimated 40 million adults in the US are affected by anxiety disorders. This accounts for about 18.1% of the US population. Even though the prevalence of anxiety disorders is high, a mere 36.9% of patients are estimated to receive treatment.
Several companies have implemented virtual reality technologies to help patients suffering from anxiety disorders. Mimerse was one of the very first virtual reality systems to go live, focusing particularly on patients who experience symptoms of anxiety disorders. Mimerse worked closely with Samsung to produce a virtual reality world that would help these patients.
Mimerse is primarily a virtual pharmacy. Scientists, healthcare professionals, and clinicians are working closely with the developers of the platform to provide a more authentic experience for patients.
Several products have already been integrated into the Mimerse platform. This includes a relaxation experience that helps the patient experience a state of calmness and relaxation. A meditation program has also been developed and implemented into the Mimerse platform.
Another virtual reality platform, known as Psious, was developed with health professionals in mind. The tool is primarily aimed at mental health professionals who are setting up clinical trials. The platform is able to provide patients access to more than 50 different, virtually populated environments that have been specifically designed to assist in the treatment of common mental health illnesses.
The company was founded by Xavier Palomer, who states that he is striving to help millions experience an improvement in their mental health.
These are only two examples of platforms that use virtual reality to treat anxiety disorders. Many platforms give patients access to exotic locations that they can roam, all while sitting at home or at the office of mental health professionals. These virtual environments can help to manifest a calmness in the patient, which is a critical factor among people with anxiety.
Some virtual reality technologies are also focusing on helping patients overcome their phobias. This falls into the same category of anxiety disorders in many cases. There are some platforms designed specifically for phobias. Other platforms would rather focus on treating anxiety disorders in general, with the ability to also help the patient overcome phobias.
The Limbix platform is a good example of how virtual technology is used to treat phobias. The platform is used for the treatment of phobias and anxiety symptoms.
The platform is able to provide the patient access to a 360-degree video, with a virtual environment that they can explore. The Limbix platform is often used by mental health professionals in a controlled environment.
A program can be configured to expose the patient to the specific elements that they have a phobia for. This may include specific objects or people. It may also include specific scenarios, such as a social event or visiting a bar.
The use of such a platform allows the patient to face the fears that they have. The patient is able to face their phobia in a virtual environment, allowing the mental health professional to have more control over the situation.
The patient would then be exposed to their phobia during each session. The idea is that the response of the patient to the phobia will lessen with every exposure. Eventually, they will not have a fear of being exposed to that particular phobia.
Post-Traumatic Stress Disorder
Post-traumatic stress disorder is another relatively common mental health problem. According to one publication, up to 9.2% of the population in the United States will experience symptoms associated with post-traumatic stress disorder at some point in their lives.
Post-traumatic stress disorder can be triggered by a large number of things. The condition will generally develop following a traumatic experience that the patient had to go through. This may include some as significant as their experience during the war, or perhaps following an abusive relationship. Other causes include physical injuries, medical illnesses, mass conflict, and sexual assault.
Researchers are also working on techniques that would help post-traumatic stress patients experience a reduction in their symptoms through the use of virtual reality.
Currently, exposure therapy is considered an important option in the treatment of post-traumatic stress disorder. Virtual reality can be a helpful resource in providing patients access to exposure therapy.
The technique works by creating a virtual environment where the patient is exposed to an event similar to what triggered post-traumatic stress disorder. The patient will be provided the exposure therapy for a specific duration of time – and they will put on the virtual reality headset during each session with the therapist.
The idea is that the response to the traumatic event will be less fearful with every passing session. The patient will gradually start to experience less anxiety and stress in response to the virtual environment. The treatment is considered successful once the patient is able to put on the virtual reality headset and experience no fear or anxiety symptoms when exposed to the event that triggered post-traumatic stress disorder.
Current Limitations Faced
The major limitation that has been faced over the last two decades was the high cost of implementing virtual reality technologies as a treatment for mental health problems. For this reason, virtual reality is not yet considered a useful treatment option in many locations.
There has been a significant increase in the distribution of mobile virtual reality headsets in recent years, however. Technological advancements have been able to reduce the cost of these headsets too. Some mobile devices are also compatible with virtual reality technology, allowing them to be mounted into an appropriate headset.
With this in mind, it is becoming easier to provide mental health patients access to virtual reality programs as a way of helping them overcome the symptoms they experience. This opportunity is likely to be utilized in the near future, enabling more people to gain access to this form of treatment.
Virtual reality has shown promising results when used as a treatment for certain mental health conditions. Patients with post-traumatic stress disorder are able to experience a reduced anxious response to triggers. The use of virtual reality may also be useful for individuals with certain phobias and may act as a potential treatment for anxiety disorders too.
Are you bored? Why Not Visit A Virtual Opera House or Museum
Date : Mar 30, 2020
Author : DR Armed Zayed
Countless galleries, museums, and opera houses have been closed due to the recent outbreak. With the current lockdown, it’s easy to get bored. If you are looking for something out of the ordinary to keep you entertained why not go for virtual tours?
That’s right, even with the limited places you can visit, the world of music, art, and history is still within reach. You just need to know where to look.
Many museums and opera houses opened for Virtual Reality (VR) tours to give people the opportunity to expand their cultural knowledge from the comfort of their homes. Here is a small selection of the places you can visit where you can enjoy a virtual experience.
Why Visit These Places With VR?
With VR, you can explore everything at your own pace. It’s a completely individual experience that only you can enjoy. There will be no crowds in your way or anyone bothering you. You don’t have to wait or hurry.
While very few museums have yet to implement highly advanced VR technology, some have already tried their best to make the most of it.
List of Museums and Opera Houses Opened for VR You Can Check Out
Every modern museum tries to stay trendy. The best way to do it is to keep up with the latest technological advances. That’s where VR (Virtual Reality) comes into play.
VR gives immersion. The type of immersion that can’t be achieved any other way. It adds a lot more value than you would get simply by visiting the place. It’s no wonder why some Museums and opera houses opened for VR technology. Here are the best ones you can check out.
1. Franklin Institute, Philadelphia
Since 2016, the Franklin Institute has offered various VR experiences from deep-sea explorations to immersive movies. There is plenty to see. The best thing is, you don’t have to go there in person to enjoy it. There is plenty of content you can check out online. The institute has its own app you can download and explore with a personal VR headset. Users can go on a scavenger hunt in the museum itself, explore space, or check out the beaches.
2. Prado Museum, Madrid
This popular museum in Madrid partnered up with Google to make a one-of-a-kind VR experience. They created a project where people can explore the museum with VR and see the place as it actually is.
3. Opera House, Sydney
No need to buy a plane ticket when you can check out how the Opera House in Sydney looks like without having to go there. The Opera House partnered up with Google to create an interactive feature where users can access the location on Google Maps to take a look inside. But, that’s not all. This opera house has also recorded events with 360-degree cameras people can enjoy with a VR set.
4. Opera House, Colorado
The famous Opera House in Colorado decided to bring more excitement and openness to the whole opera experience. That’s why in 2017, the Colorado Opera teamed up with professors from the University of Colorado to create a mix of VR and AR displays to give users an immersive clip of the orchestra pit. Now the Opera House has put up online 360-degree videos that expose the inside of the theater.
It’s important not to fall behind. That’s why some museums and opera houses have already started to implement VR tech for customers to enjoy. Have you seen any of them? Let us know in the comments below.
Virtual Reality Is Improving Physiotherapy
Want to know the latest advancements in physiotherapy? this video as your ultimate guide on virtual reality. This video talks extensively about Virtual reality and how it is shaping the future of physiotherapy. The application of virtual reality in physiotherapy helps patients engage in exercises and other physical activities by interacting with objects in a virtual space. In this way, patients can enjoy a fun and invigorating therapy session that is nothing like they have ever experienced before. Besides, using virtual reality in physiotherapy can help physicians create better scenarios to help patients recuperate faster.
There is no doubt that virtual reality is the rising star of physiotherapy, and with this video, you can gain insight into the benefits of VR in the field. if you are a professional in the field looking to experiment with virtual reality, this is your opportunity. Watch the video to discover how virtual reality can help your career as a physiotherapist.
VR Is Now a Design Tool For Next-Generation Drugs
Date : Mar 13, 2020
Author : DR Armed Zayed
VR (Virtual Reality) is not just for videogames, it can now be used for creating next-generation drugs.
The first time we probably heard the statement that VR has the potential to be used in drug design and discovery was back in 2018 when the National Institutes of Health published their research on VR technology.
But, according to the latest study issued on March 11, 2020, we finally get a clearer picture. VR is now a highly effective tool in designing therapeutics. It offers completely new opportunities for interactive drug design, which can help speed up the manufacturing process and make complete molecule-moving techniques a lot easier to achieve.
To help you get a general idea of the research, we will talk about the impact of VR, how it has advanced, and what can it do for the therapeutics industry. Here is how VR is being used for drug designing.
How Did Chemistry Get to VR Technology?
One of the most important factors in proper drug design is understanding and visualizing precise molecular shapes. Over time, chemists have managed to understand and envision molecules better.
The more technologically advanced and improved, the easier it was to work with molecules. Researchers went from 2D rendering to 3D models and advanced chemical software.
Yet, despite the latest tech on hand, working with molecules still proved difficult. To get more precise readings, it was time to get reliable power, one that has the potential to completely change the currently available chemical software. Virtual Reality seemed like the perfect fit.
How VR Is Being Used for Drug Designing?
Before we talk about how VR is being used for drug designing, we first need to understand what drugs are made of. Most therapeutics consists of very tiny molecules. If chemists are to come up with new drugs, it’s crucial to locate new molecules that have the potential to bind themselves to a protein cell, for example.
This most recent research from 2020, focused on utilizing VR to get to know how these molecules will act on proteins. The way that was achieved was by creating a replica of the inside of the proteins. Thus, making it easier to see how the molecules (the drugs) will interact with the protein.
The Benefits of Relying on VR for Drug Production
There are multiple benefits to using VR for medicine. You get a:
– The highly advanced tech that can work with precision
– Way to predict how molecules and proteins bind in the human system
– The simplified product that anyone can use
– Cost-effective method for improving therapeutics
With VR technology, it will be much easier to predict the exact ways the molecules and the proteins can attach. It has been polished over the years to make sure it will work with great precision.
Researchers analyzed plenty of different drugs, including those used for HIV and flu. The easier it is for the molecules and proteins to bind, the better the drug will be, therefore allowing researchers to create more improved therapeutics for future use. VR is also widely available for everyone, whether they are an expert or a typical user. Plus, it’s productive and much cheaper to work with.
VR has some impressive uses, not just for entertainment, but for medicine as well. By being able to predict exactly how a drug will react once it’s injected into the system, it will be much easier to create better and more improved drugs. In other words, it can be immensely beneficial for all kinds of meds, particularly pain relievers, surgeries, and training.