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VR Statistics: Is VR Finally Taking Off?

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VR Statistics: Is VR Finally Taking Off?

VR Statistics: Is VR Finally Taking Off? Learn about the most recent statistics regarding Virtual Reality and what they might mean for your business. Find out if VR is here to stay with these statistics.

Statistics show that the global AR and VR market will likely grow to $209.2 billion by 2022. Moreover, VR market projections show that worldwide spending on AR/VR will reach $72.8 billion by 2024.

Thus, it’s apparent that VR has been growing exponentially in the past few years. Let’s check out the state of the VR world before, during, and after the pandemic:


Why Is VR Popular?

According to research, 78% of Americans are familiar with virtual reality technology. Technology can potentially influence the way we socialize and work.

VR is an immersive technology; its application includes wearing a headset that promotes a 360-degree simulation. Let’s discuss why VR is popular and transforming the business dynamics:


1. Increases Automation VR and AI Enhancements

VR combined with AI can potentially change the world. Today, developers integrate AI within VR technologies to automate our everyday processes.


2. Augments the Ease of Learning Complex Things

Our efficiency of education increases whenever we learn something by listening to and doing it. VR offers us the opportunity to learn complex things efficiently and in less time.


How Can VR Affect Your Life?

Virtual Reality continues to grow in popularity as many people seek a truly immersive gaming experience. But users of VR games report experiencing troubling effects such as damage to their vision, seizures, and disorientation.

In addition, using VR and immersing yourself in a virtualization world comes with a risk of injury, including broken bones, torn ligaments, and electric shocks.

But it’s not all dark and gloomy! VR has the potential of changing the education, businesses, and medical world:

  • Education: VR teachers can use puzzles and games to help students learn in a more engaging environment
  • Business: VR allows you to breathe life into your business ideas and procedures by allowing customers and employees to feel like they’re with you
  • Medical: VR enables doctors and nurses to view and practice surgeries, patient engagement, and new machines
  • Mental Health: VR helps treat anxiety, PTSD, and addictions by assisting patients in mediating, learning cognitively, and more


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