Virtual Reality is a technology that creates a simulated environment and provides the consumer with whole new experience. Virtual Reality is an immersive medium that allows users to interact with 3D worlds, instead of just viewing the thing on a screen. It simulates multiple senses of the user, such as vision, touch, hearing and sometimes even smell. It provides a whole new artificial world, almost creating life-like experiences for the user.

The technology is currently being used in various fields such as video games, entertainment, education, design, films, media, medicine, engineering and many others. The Virtual Reality Market in India is still at a nascent stage and is yet to realise its full potential in the country.

Benefits of Virtual Reality

Training

In certain sectors, Virtual Reality is used to train employees, especially in risky environments. Pilots are often trained using simulators in case they make a mistake while flying the real thing. In the healthcare industry as well, Virtual reality technology is being used to train doctors to avoid any mishap or serious accidents. Virtual Reality Training is estimated to lessen the difference between rookies and veterans in many professional fields. It can also be used in psychotherapy in the event of mental illnesses like anxiety, specific phobias, schizophrenia, dementia or even stress. It might also help get over the trauma of particular on-the-job traumatic experiences like war veterans and may even help with victims of physical and mental abuse.

Conferencing

Virtual reality can bring digital workers together via digital conferences. Today we are merely seeing the person on screen as in the case of video calling or video conferencing. But, with Virtual Reality, the individual can experience the feeling of being in the same room as the person, who is probably miles away.

Convenience

With the adoption of Virtual Reality, organizations can save both time and money and additionally make work more convenient. With the help of this immersive technology, workers can choose not to travel to complete projects, attend meetings or make decisions. A very good example of this might be architects from across the globe, who can use VR to evaluate designs form the comfort of their office/home in their city or country.

Virtual reality has also opened up the space for a virtual marketplace where consumers can try on an outfit or check whether a particular piece of furniture will suit their home decor.

The above-listed benefits of Virtual reality are just the tip of the iceberg. Virtual reality is expected to expand to other sectors soon and realise its full potential. But it is also important to note that the aim behind the adoption of Virtual Reality in various fields is not to undermine real-life human interaction or teaching. It is more about attempting to offer solutions and breaking down limitations intrinsic to conventional methods while presenting a more accessible and customizable learning experience.

Over the years, the Virtual reality Market in India has been growing steadily, which can be judged on account of the escalating penetration of head-mounted displays in gaming and entertainment industry, the soaring defence budget of the country along with the expanding demand of VR in the country’s healthcare sector.

Check out the Research on Global Markets report featured in this article:

Virtual Reality Market in India (2018-2023)
April 2019 | 50-60 Pages | SKU: 2018117