Virtual Reality Market Insights and Why You Should Know and Invest In Staramba

The year 2018 is often dubbed the year of virtual reality. It is hard not to agree given that essentially every single industry is wildly running to get in on a piece of the action.

Staramba Team

Many firms around the world are trying to measure just how big VR is going to be. It is incredibly important to stay informed about this industry, as it is the biggest technological innovation of our time.

A VentureBeat report last week stated that “the timing is perfect for investors to take advantage of this new digital environment as the hardware develops and meaningful applications are built along with improving internet connectivity.”

The article stated that the global VR market is expected to reach $34.08 billion by 2023, at a compound annual growth rate of 33.95%.

According to a report by Expert Consulting, “regionally, North America emerged dominant in the global VR content creation market with a share of 73.4% in 2016.” However, Asia Pacific is expected to demonstrate higher growth between in the future, as Transparency Market Research anticipates the region will “exhibit an exponential compound annual growth rate of 116.1% between 2016 and 2024.” The Digital Journal claims this is due to an increase in research and development centers in Asia Pacific and the growing acceptance of newer technologies in the countries such as China, India, and Japan.”

There are real-life consequences when implementing VR and AR. In the retail industry, Houzz, a home design app, saw that users were 11 times more likely to make purchases when using its augmented reality features. According to Furniture Today, “Houzz said that since its initial version of View in My Room 3D was launched earlier this year, ‘over a million people have used AR when buying products in the Houzz app.’” In fact, Walmart announced in February that it has acquired virtual reality startup Spatialand in order to “develop and explore new products and uses of VR through immersive retail environments.”

Although the gaming industry is currently demonstrating the most lucrative opportunities in VR, the travel, hospitality, real estate, media entertainment, retail and automotive industries can highly benefit from the implementation of these functionalities.

For all of these reasons, you should immediately familiarize yourself with Germany-based producer of products and services for the VR market, Staramba.

Staramba, which was first established in 2014, is the market leader for 3D body scanning and 3D avatars, holding the world’s largest avatar database of sports stars, entertainers and other celebrities. Staramba will be the first to bring to market a surreal VR experience with STARAMBA.spaces this year.

Staramba.spaces allows for an unbelievable VR experience; a virtual place where you can meet and interact with a range of superstars — athletes from the NFL PA and soccer clubs from the world, as well as the likes of musicians and celebrities like Kiss, Elvis Presley and Paris Hilton, to name only a few. You can experience a virtual concert of your favorite band, take a private training lesson with your personal sports idol or become an actor inside a virtual movie scene with a real Hollywood star. STARAMBA.spaces is poised to become the ultimate proprietary social platform for unique celebrity experiences and true social interaction.

As the VentureBeat report advised, right now is the ideal time to get involved in VR as an investor. And with the Staramba initial token offering, you can do just that.

To learn more about Staramba and its upcoming initial token offering, please visit the official website at staramba.com — new website goes online May 23rd.

Like what you read? Give Staramba a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.