Virtual reality and augmented reality are such a cool and interesting form of technological advancement. I’m constantly amazed in the ways we are able to use and innovate technology at such a rapid rate, it seems like yesterday the iPhone was invented!
It’s no surprise that the use of AR & VR has rapidly grown in the past few years, and that people are looking to eventually replace traditional technology (like smart phones) with other forms of messaging. I think it was in the movie The Social Dilemma from last week that they were talking about how soon we wouldn’t need phones and that our “screens” would be right in front of our eyes depending on our location/proximity in the world. Truly mind-blowing.
According to forecasting done by Statista, VR is set to rise 313% from 2020-2024. As it was, in 2020 the VR market was valued at 3.89 billion dollars. By 2024 that number is expected to reach 12.19 billion dollars. That’s an increase of 8.3 billion dollars!
This opens the doors to so many possibilities, from social media to marketing to media consumption. The way in which we consume information is constantly adapting and evolving and it’s crazy to think where we will technologically be in just a short 3 (almost 2) years.
Citations:
Alsop, T. (n.d.). Topic: Virtual reality (VR). Statista. Retrieved November 30, 2021, from https://www.statista.com/topics/2532/virtual-reality-vr/#topicHeader__wrapper.
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