“VR and AR Will Be the Next Generation Computing Platform”

The race for the next computing platform may be over, according to Goldman Sachs. Experts familiar with the technology and the progress that has been made over the last couple of years are saying it will become one of the most disruptive technologies the world has ever seen.

American investment bank Goldman Sachs just released an another report on VR. In the 30 pages long report on future of virtual- and augmented reality, virtual reality is forecasted to become an $80 billion market by 2026, which is just huge. They are of course assuming that HMD’s gain popularity as the technology improves and becomes more affordable. And, $80 billion is just the base case. Their “accelerated uptake” scenario predicts a 182 billion dollar market, where VR/AR technology has evolved to a broader mainstream computing platform, competing with television and notebooks. Another report that came out just a month ago from SuperData also forecasted the VR market to become one of the biggest tech markets with $110 billion by 2025.

58-page report Goldman Sachs released on January 13, 58-pages long. That report represented more than two dozen experts and analysts and also put VR at the level of current spending annually on notebook hardware and dwarf the money spent on televisions.

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One must compare these numbers to make sense of them. If these forecasts come true, VR will be a larger market than both TV with its $99 billions and Notebooks with $115 billion today. What Oculus with their Rift, HTC with VIVE and many other companies developing VR technology are doing has the potential to revolutionize the way we use computers and smartphones. It can change the way we spend our daily lives.

“While today virtual reality is primarily thought of as a place for hardcore gamers to spend their spare time, it’s increasingly impacting sectors that people touch every day. For example, in real-state: instead of having to go see 50 homes with an agent over the weekend, you might be able to put on a pair of virtual reality glasses or a head mounted display at your realtors office and be able to do a virtual walk-through of what those properties look like and therefore maybe you could eliminate 30 out of 50 on your list and be much more efficient with your time” Heather Bellini said, Business Unit Leader in Telecommunications, Media and Technology at Goldman Sachs.

Looking beyond gaming, there are a couple of markets that VR might have an especially big impact on. Namely live and video entertainment, healthcare, retail, engineering, military and education. Goldman Sachs report sees VR taking the center stage now in 2016 with other markets getting in on it more seriously after the technology has matured.

Sources: http://www.roadtovr.com/http://venturebeat.com/http://www.hypergridbusiness.com/http://www.goldmansachs.com/

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