What do numbers have to say about VR?
To have a clearer picture, let’s take a look at some stats. According to Statista, the VR industry is growing at an exponential rate. The market size for VR hardware and software is estimated to reach a stunning $16 billion by the year 2022. Popular VR headset supplier companies such as Oculus, HTC, and PlayStation anticipate the number of VR device shipments to reach $12.5 million in the next two years.
While the gaming and video industries are the largest consumer use cases for Virtual Reality, the benefits of VR will also have a strong impact on other industries such as healthcare, real estate, engineering, etc. By the year 2023, it will be more probable to find the use of VR in many industries.
Though consumers might face trouble in adopting the new technology, there is no doubt that extended reality (XR) including VR will revolutionize the way people have been familiarizing with businesses. So, are there any types of VR? If yes, what are the various types of virtual reality? Let’s explore.