The Latest 2020 Augmented and Virtual Reality Survey Report: Key Insights and Trends
Augmented and virtual reality (AR/VR) are two of the rapidly growing technologies in the world today, and they have revolutionized the way we interact with the world we live in. The adoption of these technologies has significantly increased, and it’s crucial to understand the trends that shape the industry. In this article, we will examine the latest 2020 Augmented and Virtual Reality Survey Report and uncover key insights and trends.
Introduction
Our world has become increasingly digital, and AR/VR technologies have evolved to meet the changing needs of consumers. AR/VR technologies have moved beyond gaming and are now being used in education, healthcare, retail, and manufacturing. In 2020, it’s crucial to know the trends that shape the industry to stay ahead of the curve.
Industry Overview
According to the 2020 Augmented and Virtual Reality Survey Report, the AR/VR industry is expected to grow to $209.2 billion by the year 2022, representing a compound annual growth rate of 48.4%. The report indicates that the increasing demand for AR/VR technologies in healthcare, education, and retail is driving growth in the industry.
Key Insights and Trends
AR/VR adoption is increasing
AR/VR adoption is on the rise, with a majority of respondents indicating they have either already adopted or planning to adopt AR/VR technologies in the future. The report found that 46% of the respondents are currently using AR/VR, while another 22% plan to adopt the technology in the next year.
AR/VR is valuable for employee training
The report suggests that AR/VR can be valuable for employee training, with 69% of respondents using the technology for training purposes. AR/VR can simulate real-life situations and make training more effective.
AR/VR has a positive impact on customer experience
AR/VR can significantly enhance customer experience, with 64% of respondents using the technology for this purpose. AR/VR can help customers visualize products better and create an immersive experience.
AR/VR is increasingly being used in healthcare
The healthcare industry is fast adopting AR/VR technologies, with 58% of respondents using the technology for medical training and diagnosis. AR/VR can also be used for pain management and helping patients cope with mental health disorders.
Conclusion
The adoption of AR/VR technologies is continuing to increase across various industries due to their ability to enhance customer experience, provide effective training, and aid in medical treatments. The 2020 Augmented and Virtual Reality Survey Report highlights these trends and provides valuable insights that businesses can use to stay ahead of the curve. As AR/VR technologies continue to evolve, it’s important to stay informed and keep up with the latest trends that shape the industry.
