Community management

An insight into the development and rise of VR

Virtual reality is one of the technologies that is shaking up many industries. Although this technologie is not new, they now benefit from many technological advances that propel them. This is the case of smart phones with augmented reality apps and artificial intelligence, including gesture recognition and pattern recognition.

Sustained growth in development

Virtual reality and augmented reality are destined to revolutionize the uses in many economic domains. Initially associated with the field of video games, they now offer diverse perspectives in a wide variety of fields, such as the development of specialized skills, immersive advertising and live surgery, while advancing advanced scientific research.

Domination of sectors

The global virtual reality and augmented reality market was worth $ 4.5 billion in 2014 and is expected to reach about $ 14 billion in 2017. This would represent an average annual growth of 46% over three years. This market is growing rapidly and will continue to accelerate over the next four years. Indeed, from 2017 to 2021, it should grow at an average annual rate of 98% to reach 215 billion dollars in 2021. According to various analytical firms, the global augmented reality industry will supplant that of virtual reality. income. However, the latter will show higher growth.

The main sectors benefiting from this growth are video games, live events and entertainment. However, these technologies will be increasingly used in other strategic sectors, such as real estate, health, logistics and distribution, education, defense and engineering.

The rise of virtual reality is a source of creativity and innovation in many relevant areas of the Montreal economy. Whether it is the development of specialized services or equipment, the solutions developed make it possible to respond to various concrete problems, such as continuous training and the digitization of factories. Businesses and researchers stand out in a variety of sectors, including health, manufacturing, advanced scientific research and engineering.

As a result, the virtual reality industry is growing rapidly and is an important growth market. This phenomenon will remain in an advantageous position for still some time.

Share your mind with us !

Blog

  1. 2 Fév. 20227,000-Euro Kadena Mining Machine: Goldshell KD-BOX661 vues
  2. 4 Janv. 2022This Country Has the Largest Number of Professional PHP Developers676 vues
  3. 28 Nov. 20216 Things Entrepreneurs Should Know About Team Extension1026 vues
  4. 13 Juil. 2021Do marketing and development are related ?1088 vues
  5. 30 Mars 2021How can you insert a basket for an ecommerce ?1493 vues
  6. 27 Fév. 2021Is Laravel ruling web development?1441 vues
  7. 13 Nov. 2020A Php company for all your needs1707 vues
  8. 30 Oct. 2020The right Php development company who can use the right programming languages to build successful we1448 vues
  9. 30 Sept. 2020Working with a highly recommended Php development team1405 vues
  10. 28 Août 2020Top performing Php Programmers @SimplyPhp.com1225 vues
  11. 24 Août 2020Hire the right Php programmer with SimplyPhp1106 vues
  12. 15 Juil. 2020Producung your photo book online1653 vues
  13. 29 Mai 2020Top Php programming with SimplyPhp1294 vues
  14. 30 Avril 2020What Php programmers can bring to your project1180 vues
  15. 27 Mars 2020How to cope with php bugs ?1318 vues