September 16, 2017 By Brad Phaisan
We all remember VR as a trend that burst out of nowhere – and was set to change the way we play, watch, and share. However, no one could have imagined the path that virtual reality (VR) devices have been on from that point up until now.
This type of technology has rapidly advanced and found a home in many sectors. From travel to tourism, marketing and even eCommerce, VR is slowly but surely changing the world as we know it. In order to illustrate the growth and amazing potential of VR as a technology, we are listing the five most impressive stats below.
The main factor that will accelerate growth of VR as an industry will be further pentration of devices and headsets. Falling costs and better hardware is driving this adoption. Not having to pay thousands of dollars for a VR unit will have a huge impact and position VR as a platform that is affordable and reliable to everyone.
According to Google’s Consumer Survey conducted last year, more than a third of the adults said that they would give virtual reality a try if they had the chance to. Consumer interest will continue to VR forward as one of the most emerging technologies.
The sales of virtual reality (VR) devices is growing as we speak, generating billions of dollars for the industry and its pioneers. An interesting fact is that along with VR, augmented reality (AR) headsets and smart glasses are also expected to be worth a billion this year alone.
If you find it hard to remember when VR’s re-emergence began, it was the point when Oculus, the leader in the VR device market, launched its Kickstarter campaign. The goal of $250,000 was exceeded within 24 hours, later raising over $2.4 million by the end of the campaign. Facebook saw the amazing drive of this startup and purchased it later for over $400 million (and $1.6 billion in stock).
As one of the largest online marketplaces in the world, Amazon is proud to feature more than 190 different VR headsets available for sale right now.
In the end, the main benefit of VR today is the falling costs of hardware relative to the constantly improved consumer experience. This will continue to be the biggest advantage that sets the bar higher and positions VR among the largest technology revolutions.