VALIDATING VIRTUAL REALITY

Virtual Reality training is quickly becoming validated as a new platform for connection and employee training. Let’s look at recent market validation of the potential of Virtual Reality in the marketplace.

Epic Games’s CEO asserts, “Over the coming decades, the metaverse has the potential to become a multitrillion-dollar part of the world economy (1).”
Citi reported that the metaverse represents a potential $8 to $13 trillion impact by 2030.
That’s only eight years away (2)!
On the contrary, conservative estimates suggest that Virtual Reality will reach only $70 Billion by 2028 (3).

VIRTUAL REALITY IN HEALTHCARE

A big winner in Virtual Reality will be revamping the healthcare industry. Here are the latest evaluations of Virtual Reality in healthcare.

Global News Wire suggests that the Virtual Reality healthcare industry will reach $2.2 billion in 2027 (4).
A more ambitious estimate from Benzinga suggests that Virtual Reality in Behavioral Health will reach $77.62 billion in 2028).

VIRTUAL REALITY FOR TRAINING

A big winner with Virtual Reality is HR leaders. HR leaders now have a new immersive training tool that will help them attract top talent, empower remote workers, and create a fun training curriculum. Virtual Reality Training will reach $6.3 Billion in 2022 (5).

SOURCES

(1) https:/www.bloomberg.com/news/articles/2021-11-17/metaverse-is-a-multitrillion-dollar-opportunity-epic-ceo-says
(2) https://fortune.com/2022/04/01/citi-metaverse-economy-13-trillion-2030/#:~:text=This%207%2DDay%20Savings%20Challenge%20Is%20Going%20Viral%20By%20Making%20People%20Richer&text=The%20investment%20bank%2C%20in%20a,many%20as%205%20billion%20users.
(3) https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market
(4) https://www.benzinga.com/pressreleases/21/06/g21545001/us-behavioral-health-market-to-hit-usd-77-62-billion-with-3-6-cagr-till-2028-emergence-of-virtual-
(5) https://www.accenture.com/us-en/insights/technology/immersive-reality