Today, most industries use virtual reality (VR) technologies in their day-to-day activities. VR has become popular because it creates a simulated real-life experience at a cheaper cost. Thanks to the demand for VR, the market size is expected to surpass $12 billion by 2024. Here are the 5 industries that use VR in their operations.
Sports
VR is important in sports because fans can watch their favorite games from home. Major leagues in the U.S., including the National Basketball Association (NBA) and Major League Baseball (MLB), have continued to improve their virtual offerings. VR enhances the viewing experience, and fans can feel like they are inside a stadium. In addition, this technology is used as a training aid. Professional athletes use VR to improve their skills, post-trauma rehabilitation, and to prepare for upcoming games.
Healthcare
The healthcare sector now uses VR in its day-to-day activities. Health professionals can prepare themselves to work on real bodies by watching simulations. Medical trainees can also enhance their skills using immersive VR tools. In addition, this technology can be used to treat mental health conditions. Virtual Reality Exposure Therapy is quite effective for treating anxiety and PTSD. Doctors can re-enact traumatic events to help patients face their fears in a controlled environment.
Automotive
Before VR was introduced, engineers and designers in the automotive industry had to spend a lot of time and money physically manufacturing expensive prototypes. However, brands like BMW and Jaguar now use VR during the early design process to review and confirm that vehicle designs are perfect before the final product is ready.
Dealerships and manufacturers also provide VR experiences to customers who prefer to shop online and test drive cars from anywhere. Most of them have invested in an auto showroom, allowing car buyers to explore different cars from just about anywhere. This cuts down the time spent visiting dealerships.
Real Estate
Home buyers can now view properties from anywhere without physically meeting an agent thanks to VR technology. This allows them to explore the available options; they only request to view what they like in person. Research shows that VR in real estate could generate about $2.6 billion by 2025. This technology is in high demand in this industry because it provides a more immersive experience and reduces the time spent physically visiting multiple properties. Therefore, agents are investing more in VR devices.
Entertainment
VR heightens the viewing experience in the entertainment and film industries. The technology allows people to watch films and be part of them. And as the industry grows, VR could revolutionize how media content is created. Music and film lovers keep demanding a more immersive experience, and key industry players are meeting their demands.
Virtual reality has become a necessity in almost all major industries. It has a high adoption rate because it cuts down time and costs that would have been spent on physical processes. The technology is also evolving and improving, prompting more industries to embrace it.
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