In 1980, virtual reality was a failed product, since then it has come a long way and is now being considered the future of the Internet. The virtual reality can attract researchers, businesses, and customers alike. Here we will discuss the future of Virtual Reality in 2023.
In the IT market, there are various kinds of headsets available for you to experience virtual reality. You can either use your smartphone to experience virtual reality or you can get a stand-alone VR headset for high quality VR experiences. The research and production of new VR headsets are still growing, but in 2023 it is guaranteed that VR will become a mainstream product in the IT industry. Here is what you can expect to happen in the VR world in 2023.
Enter The Metaverse
A metaverse is a futuristic concept of the Internet that is both interactive and immersive. In simple words metaverse is a virtual world in which people can live, work, shop and interact with each other all from the comfort of their couch in the physical world. No one knew about metaverse as much as they started doing in October 2021 when Facebook changed Its name to meta.
In simple words we can say that metaverse is a next evolution of the Internet and it will take many forms including online communities, games, and business meetings. In this universe people will collaborate and communicate with each other via digital avatar of themselves. The metaverse is expected to provide a next level user experience that is unlike anything Users are used to. However, it is not clear on exactly what this metaverse experience will look or feel like.
In October 2021 the Facebook announced plans to spend $10 billion over the next year to bring its vision of Metaverse into reality. Meta’s metaverse platform horizon worlds is already being launched in selected countries. In August, the horizon world was launched in France and Spain. Mark Zuckerberg really believes that VR/AR will be at the centre of the internet’s future. So, 2023 will be an exciting year for metaverse but it will also be a challenging year as it might be decisive for the direction of the internet’s future.
New VR Headsets
Virtual headsets are not as expensive as they were before. In 2023 we will see that there are various new headsets coming to the market that are low cost and have premium segments with better optics, screens, and processors. In 2023, the VR headset shipments are expected to cross 20 million units so you can safely say that there will be many customers looking for options in the VR market. The market leaders Meta and Sony need to meet this huge demand, so they are bringing their latest virtual reality headsets like Meta Quest 3 and Sony PlayStation VR 2 into the market.
However, these market leaders will face a huge competition from a well-known company Apple. Apple is planning to launch a game changer mixed reality headset by January 2023, so VR lovers won’t have to wait for too long. Apple has been working on AR products for quite a while now. Apple is also working on apple glass which is a lightweight AR headset which will be launched very soon. This apple glass will also disrupt the AR/VR market further.
I see a bright future for virtual reality in 2023 with improved headsets and new AR Experiences. This year will be crucial for the VR headset market. If apple can win the users with its mixed reality experience headset, then the whole market structure will change drastically. In simple words all other VR headset producers will be running to replicate this mixed reality experience. As a result, Apple will dominate the VR headset market.
Industrial and Business Apps
Virtual reality is a rapidly growing IT product that is being used by various industries and businesses around the globe. Now, the entertainment industry is the most popular one when it comes to using VR technology. But in 2023, we will see more industries and enterprises bringing VR technology into their business operations.
In 2023, the virtual reality will be a rapidly growing market with dozens of applications. The virtual reality can be used in any industry for collaborations between remotely working employees, creating simulations and training employees etc.
One of the industries in which virtual reality is already being used is ecommerce. The retailers use virtual reality to provide their customers smooth shopping experiences. The AR/VR can allow customers to eliminate the leading blocker of ecommerce that is to see something with their own eyes and try it as they might do in brick-and-mortar stores.
The research and development of VR is as exciting as it is crucial for the future. The manufacturing industry applications of virtual reality are expected to reach $2.8 billion by 2023.
The research and development in the aerospace and manufacturing industry is also a huge avenue for VR. Just the manufacturing industry applications of VR are predicted to reach $2.8 billion by 2023.
Industry 4.0 is the 4th industrial revolution which is the cyber physical transformation of manufacturing. With this fourth industrial revolution, AR and VR find an environment where they can thrive. These digitised factories provide VR all the data and designs to be integrated into the system easily.
The future of Virtual Reality in 2023
In 2023, the VR brands will attract many businesses and companies around the globe that want their employees to continue working from home but also be as close as to the action as possible. These brands will also attract companies that work in training and skill development sector where virtual reality can bring down the investments and risks associated with physical training.
Considering the last few years developments and research in virtual reality, this sector is expected to grow exponentially in 2023. The upcoming year will decide whether VR will take a prominent role in the future of the Internet or not. If I were you, I would keep an eye on apple, metaverse and ecommerce industry as they will be the biggest newsmakers of virtual reality in 2023.
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