Virtual Reality

What is the Business Opportunity in Virtual Reality 2020?

Virtual Reality(VR) has transformed our life as AR Apps and its benefits have transferred into the wider business sphere. With Virtual Reality solution, businesses can and are crafting user experience to life simulations in a risk-free and cost-effective way. The AR solution experience is something that the user could never have imagined.

The applications of Virtual Reality are limited only by our own imaginations. Many businesses and brands are coming with different ideas that are bringing revolution in the various sectors. With coming time this technology still has some way to go ahead before it hits the mainstream.

The virtual reality market is expected to jump from $6.7 billion in 2016 all the way to $70 billion by 2020.

It offers various solutions that could never have thought either from practical or expense point of view. Therefore, sitting at your home Virtual Reality can take you to virtual shopping.  Actually, Virtual Reality is nothing but an experience that takes users into an immersive world.

The graphics, apps, and games that currently seem amazing are getting replaced by things VR Applications.

Virtual Reality in Sports

Virtual reality can also transform the sports world by allowing people to view various sports events in VR. This could be a boon for sports lovers who cannot spend a fortune on traveling to see and support their favorite teams. A VR-enabled app along with the same headset can do wonders.

Virtual reality in sports can deliver the most realistic experience as the fans can immerse themselves in a whole new way of watching the game. Not just this, viewers can also see a particular action from the player’s point of view. VR can also be used to train teams, especially in extreme weather conditions when it is not possible to train on the ground.

Virtual Reality Gyms

VR gyms can bring incredible fitness revolution to people by making them explore new and fun-filled ways of exercising or workout. This all-new concept of virtual reality gym can deliver a whole new experience without physically visiting a gym. From aerobics, cardio, to yoga, a VR gym can let people do any exercise they want.

It can also make them replace their traditional fitness routine with one that is not only entertaining and convenient but also effective. A virtual reality gym can provide optimal user interaction, complete flexibility with servo-based resistant system, personalized workouts, fitness tracking, and other benefits to people.

Events and Conferences in Virtual Reality

This is a progressive attempt where many users can virtually attend conferences at the time.  It can profit in many ways as users can experience the live experience of sitting in different places around the globe.

Many time traveling isn’t feasible for everyone, in that case, this VR solution is best in itself. This solution results in a better and enhanced way for users who attend multiple conferences in a year.

Apart from this Virtual reality will help bring live events to people who normally couldn’t attend them due to distance. It’s also great for people who host a conference. Using this VR solution, the real mean of connectivity can be understood in the many in different sectors.

Digital Advertising in Virtual Reality

These days most people are online therefore there are opportunities for digital advertisers to ad their product. In industry, there is a number of companies who are driving tremendous results for their clients using these VR solutions.

Thus, these solutions will become influencers in the market space and will be regarded as an example in the niche. Large agencies and small-time entrepreneur is trying to grab the opportunities to offer consulting services that help them to engage users.

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VR Property Sales and Leasing

VR can deliver a solution to customers who want to buy or sell a property. Thus VR can create a good impact when it comes about the real visualization of the space or the property. The benefit is that the VR experience can help owners present data and real mapped the architecture of the property in a realistic manner.

Therefore, the importance of Virtual Reality in Virtual Property Sales and Leasing has created its own importance. Exploring 3D plans through VR also bridges the gap between the real world and a designer’s imagination before the initiation.

Visualizing the full-scale effect of the designs with the help Realtors to capitalize on as a 3rd party companies. Thus the retailers may charge flat rates or even a commission of the sale of the property.

Virtual Reality Shopping

Virtual Shopping is another innovative idea of technology for business. Here the user can take a walk through a virtual store when making a purchase. Big name companies are curious about exploring this sort of opportunity.

Such virtual experience is not only interactive from consumer’s point of view but it is one of the major chance for online retailers.  It is all about making digital locations that consumers can walk through without actually owning any real space.

Apart from that, there is no need of paying employees or paying large utility bills. These virtual e-commerce stores can utilize various fulfillment options to ship products to customers.

VR In Classrooms

VR Classroom

Online courses have been in trend from decade but there is something special about VR classes that changed the whole scenario. Students using this VR solution can make live classes that allow them to interact in a whole new way with other students.

Thus, this will allow them to connect with students who learn best in a traditional classroom environment. This solution is creating an opportunity for those who want to sell the knowledge in whole new virtual classes.

Virtual Dating

Virtual Online dating is in trend these days. Through this user can virtually interact with its date anytime and anywhere. It has some benefits.

  • It is Safe
  • Easy to leave if the date is terrible
  • Saves money

There are many businesses looking forward to such a great dating app development idea.  It is the best way to interact with the person who is a mile away.

Wrapping up…

Other areas of opportunity are predicted to come according to the users need. Therefore, there is a need to encourage higher VR adoption rates from consumers. Moreover, to find solutions to existing software and hardware gaps in the technology.

Many businesses are exploring ways to transition the technology from a content consumption end to a more user content creation format. As the technology is still in its emerging stages, revenue streams and ideas for more opportunities are still being explored. Every entrepreneur or small business is looking to add value to the industry using the VR solutions.

Quytech is renowned in outsource development of VR technology, from mobile apps to games to VR-related business applications. we have the skilled resources in house to take your application from concept to market. Check Our AR/VR Work here

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