The real estate industry is showing signs of revival and recovering from global economic slump.
Several industry trends and reports suggest that the entire real estate ecosystem will change considerably over the coming years and beyond.
Real Estate: The Present Scenario
According to a PwC report, a new era of real estate investment begins in 2020 and beyond.
Digital creation of a real life environment
Completely replicates a given environment and simulates a user’s physical presence and environment to allow for user interaction and sensory experiences
In the past five years, reality technology has taken a huge leap forward with rapid developments in virtual reality and augmented reality.
Both VR and AR, though promising, have their own limitations when it comes to the amount of fluidity in interactions that they allow.
The most advanced concept so far in reality technology, mixed reality is a unique hybrid of AR and VR that allows realistic interactions with virtual objects.
Still in a nascent, evolutionary stage, MR technology is likely to get a boost in the coming years and open the doorway to pioneering applications in various fields.
In 2016, Microsoft came out with the Hololens, a standalone, wearable device that uses high-definition lenses and spatial sound technology to let users interact with virtual holograms in real world environments.
However, that hurdle is likely to be transcended soon – Microsoft is in the process of developing a range of Windows Mixed Reality headsets that can be tethered to PCs.
Virtual Reality (VR) is banging on the door of becoming dominant and 2020 could be the year that it goes through that door.
The technology will grow steadily in 2020.
We can expect a promising future for VR in 2020 as Playstation VR will continue to provide a way for console gamers to engross themselves while Oculus covers mobile and PC-powered VR through the Oculus Quest and Oculus Rift S. The release of Half-Life: Alyx is a key advancement to PCVR that requires a flagship title to be noticeable to more people.
There are also rumors about a sequel to the PSVR, additional functionality to the Oculus Quest, and the growing liberty of VR games.For more read:- https://www.scalexm.com/a-guide-about-the-growth-expectations-of-vr-in-2020-and-beyond/
While we are constantly reminded that we have made numerous strides in technology over the last few decades, our actual ability to notice the changes that have occurred is minimal. This is because it doesn’t happen all at once or suddenly, but rather at a gradual pace that is hallmarked by small spurts. As we improve and adapt our technology, we don’t characterize them as revolutionary, except save for a few monumental breakthroughs.
For instance, our Wi-Fi speeds and availability have gradually increased, consumer trends shape functionality, and our smartphone devices change designs ever so slightly from year to year. Yet, we have gone from dial-up internet to a version of the internet that has incredible speeds and is accessible from almost anywhere in the last 15 years. The same goes for virtual reality, a concept that a few decades ago, only existed in science fiction literature. Now? It is evolving and will impact our society in the next 10-15 years and here is how.