Are you geared up for the rapid growth of VR and AR? The pending impact of these technologies should not be overlooked. Here’s what you should know, and how you can get prepared for the growth of VR and AR in 2019.
Back in 2016 VR/AR was a $10 billion a year business. By 2023, it is projected to generate nearly $300 billion in revenue.
AR and VR are already changing the way we interact with AV in the workplace or any collaborative setting. This trend shows no signs of settling down. Up until recently, gaming has been the largest business segment, an obvious area for VR and AR to thrive. But fields like medical, education, real estate and design are set to take advantage of the immersive experience these technologies bring. VR and AR have very much moved from being a toy to being an incredibly useful tool.
Opportunities in AV integration are many and varied. AR and VR technologies, and the resulting software and hardware development, will make team collaboration easier. Universities and medical facilities will have greater ability to train and equip learners for complex tasks. And a sales force will be able to walk clients through 3D renderings of potential office spaces, homes, renovations – really whatever large-scale customizable item a person might want to purchase.
With the technology quickly advancing and interest level increasing even more quickly, you barely have time to geek out at how cool these things are. The markets are there and the technology is ready with new and exciting innovations every day. And in this scenario, we are here to play the trusted and knowledgeable matchmaker between market and technology.