Are you caught up with the latest technologies? Do you feel like the reality you live in could use a little improvement? Then you’re up for a virtual one.
Virtual reality is now a booming multi-billion-dollar industry where companies are trying to engage users in a world where you can control many aspects and escape from your routine. These days, a VR set retails for around 600 hundred dollars depending on the model and company. You can also use your smartphone and a boxed headset to get the taste. Although it’s a relatively new technology, VR has tremendous potential in multiple fields. Luxury brands are using it, children are using it, and more and more entrepreneurs are starting to draw benefits from it. We suggest that you check out the brilliant entrepreneurial ventures that harnessed the power of VR. Hopefully, you’ll get enough inspiration and adopt the new techs wherewith you can boost your business.
#1 VR Games (e.g. Harry Potter: Wizards Unite)
It used to seem that no other games would repeat the reverberating success of Pokémon Go. But in 2019, another insanely exciting augmented reality game was released. Harry Potter: Wizards Unite is an augmented reality game based on the legendary Harry Potter franchise. It enchanted avid connoisseurs of magical adventures with captivating quests, realistic characters, and mesmerizing localities where good characters clash with the forces of evil. Not only did the game help millions of people unwind and survive the notorious self-isolation, but also generated over $12 million in revenue during the first month of its release. This proves how lucrative the VR business has become and how limitless its business opportunities are. There is a growing demand for new games and software to fully enjoy VR. If you want to learn more about Harry Potter and other AR games, hit the following link https://litslink.com/blog/harry-potter-ar-mobile-game.
#2 VR Theme Park in Singapore
Because virtual reality is best enjoyed with family and friends, Singapore decided to open a VR theme park, where you can come and enjoy various activities and VR games. It’s the first virtual reality park in the world with an advanced twist. The 11 attractions need VR headsets, and they’ll immerse you into different adventures, all detail and décor being at full scale. From Robin Hood to volcanic lava, you can enjoy a multi-sensorial experience alone or with friends. Tickets start from $35 for three rides.
#3 Virtual Cure for Traumas and Phobias
It’s no secret that technology has made its way into the medical field and changed it profoundly. Lots of medical centers currently use VR exposure therapies to help people with psychological traumas. Experts note that VR and AR techs can help patients recover from stress, depression and even get over phobias, including fear of heights and planes. What’s more, VR is carving the path into the medical education and retail industries. Studies show that by 2024, the VR and AR market in the healthcare system will reach the 550 billion dollar mark. Quite impressive, isn’t it?
#4 Facebook Massive Investments in VR
Facebook, which is currently considered one of the Big Five companies in the US information technology industry, is fully invested in VR and AR technologies. We don’t know if they are going to breed them with the social media platform because they just bought the Oculus Rift VR manufacturer for more than 2 billion dollars back in 2014. What we know for sure is that Mark Zuckerberg knows a promising technology when he sees it.
#5 VR in Real Estate
Virtual reality estate is predicted to become a billion-dollar industry in the near future. There are many online platforms that offer virtual tours to provide potential clients with panoramic views of rooms, facilities, landscaping design, and much more. Such big real estate companies as Zillow, Compass, and Sotheby’s International Realty are harnessing VR potential now. It helps them successfully arrange simulated tours and walkthroughs without needing to make multiple trips to the location. Not only does VR make it possible for prospective-home buyers to evaluate apartments from afar, but also helps them form an emotional connection with the place. It also saves both customers and realtors much bother and allows reducing costs and time otherwise spent on physical walkthroughs, marketing, and preparing promotional materials.
VR is still taking baby steps towards newer and better headsets. But this industry will no doubt grasp everyone’s attention. Very soon we’ll see more VR and AR techs in malls, shops, and cinemas because they can be used in so many ways. For the time being, this industry is worth more than 8 billion dollar and is predicted to reach 80 by 2025. So why not get your piece of the pie right now?