Virtual Reality Making A Comeback
The virtual reality market is expected to grow to more than $13.3 billion by 2020.
There are also companies who are looking to use virtual reality technology to train their employees as well. Industry experts suggest that for now, virtual reality is still in the infancy stages. However, it continues to grow in popularity and virtual reality technology is slowly becoming more prevalent in the market, poised for a major comeback.
The virtual reality technology is enabling marketers, advertisers, and other companies, to try and create a new experience for people by allowing them to showcase their services or products in new, imaginative, and engaging ways.
They can use it as a tool to help them to better form an emotional connection with the consumer. And one element that is going to be critical in determining the success of the market is the feedback from consumers, specifically about what they enjoy or don't enjoy regarding the overall experience.
An increasing number of brands, like Volve and Topshop, have turned to using virtual reality technology to try and set themselves apart from the competition already.
Some retailers, like Walmart, have also taken to using the technology to train their employees. Police departments are also looking to use it for training purposes as well.
Another industry that's also said to be looking into using more of this technology is the construction market; they're eager to use the technology to improve on their services and provide a more creative and interactive design process by utilizing both VR and augmented reality technology.
It's already made its way into a number of different market areas and yet there are still many ways for this technology to grow and many other ways that it could be utilized to showcase a variety of products or services, to help with training etc. There's lots of room for growth.
We can expect to see this technology soon be further embraced in the gaming industry, within the fashion world, the car and construction market, even the strip clubs in Vegas are considering implementing VR into their business models.
It might not be that long before VR receives mass adoption some have suggested. What that will require is a creative, immersive, and memorable experience for the consumer. As the technology becomes increasingly affordable as well, and more companies start to use it in new and creative ways, that will prompt more people to engage with the technology; turning to embrace this market.
Pics:
Pixabay
Pixabay
giphy
Sources:
https://techcrunch.com/2017/12/02/virtual-reality-gets-its-groove-back/
https://venturebeat.com/2017/03/12/gold-club-sf-vr-ushers-in-realistic-virtual-reality-for-strip-clubs/
https://www.casino.org/blog/vr-strip-clubs-help-vegas/
https://www.forbes.com/sites/forbescommunicationscouncil/2017/12/07/how-marketers-can-create-engaging-customer-experiences-with-virtual-reality/#75b0f25d7a96
https://irishtechnews.ie/how-to-save-money-through-the-use-of-virtual-reality-in-the-construction-business/
https://www.policeone.com/policing-in-the-video-age/articles/467266006-How-virtual-reality-could-transform-law-enforcement/
https://www.itproportal.com/features/what-will-it-take-for-virtual-reality-to-break-into-the-mainstream/
http://www.baltimoresun.com/business/bs-bz-walmart-virtual-reality-training-20171128-story.html
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I think this emerging market is not only being driven by normal market forces, but is being engineered and promoted by the financial "elites" like the members of the WEF because they want it to lead to the use of DNI's aka Direct Neural Interfaces. Slowly indoctrinating the masses with wearable tech for the non wearable implanted tech that is coming.
I covered this is "Decoding Davos 2016" during which the VR headseats were the featured item for the Davos elite:
I liked your video as well as the video
Exactly my concerns. Wonderful video.
A great post @doitvoluntarily
Great Post :) Protect your pocket ^^
Haha !! 👌😂😂😂
instructive article about "virtual reality technology" (VR). exceptionally pleasant to find out about that, much helpful for
advertisers, promoters, and different organizations, to attempt and make another experience for individuals by enabling them to exhibit their administrations or items in new, creative, and connecting with ways. Thanks @doitvoluntarily for sharing helpful blog.
Also I think the Windows Mixed Reality headsets came at a good time, just as oculus lowered their price to the same so I'm hoping eventually the vive will come down too haha.
I have a Gear VR and it's fun to play around with. I especially enjoy the puzzle games, Darknet is one of my all time favorites. I don't play much though because it does get disorienting. 😐
i want one to test it
Believe it or not, you can get a cheap cardboard VR at the dollar store, or there are tutorials online how to make one yourself.
I used to go into tmobile all the time and use their demo one before I purchased mine. 😁
I could see down the road implants in the body of this technology. Great Read. Thanks.
Nice post @doitvoluntarily
Technology is increasingly encouraged by the company. It has become the demands of competing times in business. Thank you for sharing a very useful experience for many people. Good luck always for you @doitvoluntarily.
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