The Future of Extended Reality (XR) Is Serious Business

Think you know plenty about AR because you used to be in a Pokemon Go mob? Think again. Trends show that AR will be a major feature in a lot more than games and social media filters.

Virtual and augmented reality are growing technologies beyond just the video game industry, where it’s projected to make an annual revenue of $11.6B. From healthcare and real estate to live events and education, AR and VR are changing the way we live, work, and learn.

Healthcare

By 2025 the healthcare revenue from augmented and virtual reality is projected to reach $5B. In fact technology insiders actually expect to see the most advancements of AR technology in the healthcare industry. You may have noticed that AR has already made its way into hospitals and doctor’s offices. The Accuvein scanner is one great example of this. The AR tool projects where valves and veins are so that healthcare professionals can find a patient’s vein more easily when doing IV placements.

Travel

The travel industry also has a lot to gain from the AR boom. It is estimated that 84% of consumers all over the world would be interested in using AR as part of their travel experiences and 42% believe that AR is the future of tourism.

Real Estate

VR allows potential home buyers to tour properties through a headset before the property is even finished being built. This benefits both the potential buyers but also the property management companies who are able to sell well before a place is ready. Simultaneously AR technologies allow those building the properties to envision how a certain type of cabinet would look like before they are ever installed.

Take a look at this infographic for more on the future of augmented and virtual reality and how it will change healthcare, education, government, and of course, entertainment, provided by Lumus.