Virtual Reality’s potential to disrupt a diverse section of industries from healthcare to entertainment is widely debated and often supported by research reports. Undoubtedly, the practicality of developing virtual reality apps that replicate the physical world, create sensory experiences, and simulate real-life scenarios and experiences will have a profound effect on how we work. One industry that has witnessed maximum disruption, however, is the entertainment sector. It has been predicted that virtual reality (VR) will change the future of entertainment technology solutions.
The VR industry is increasing rapidly with the market size of virtual reality hardware and software expected to rise from US$ 2.2 billion in 2017 to over US$ 19 billion by 2020. Virtual Reality (VR) puts you in a digital world by creating interactive experiences using 360-degree images or computer-rendered environments. Transforming a passive observer into an active participant in the action is the key to virtual reality. VR is certainly aimed at transforming entertainment, especially given the growing number of businesses and products.
Virtual Reality Entertainment Technology Solutions
Business Opportunities for VR in Entertainment
In entertainment, virtual reality can facilitate business in two main ways:
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