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.
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.