March 30, 2017
VIRTUAL REALITY: HUGE INVESTMENT SUPPORT ACCELERATES INNOVATIONS & EXPANDS APPLICATION SCOPE
EVOX COMPANIES LIKELY TO LEAD THE NEXT PHASE OF GROWTH WITHIN THE VR SPACE
“Entrepreneurial support by ecosystem participants allows startup companies to adopt the role of demanding stakeholders,” noted Frost & Sullivan TechVision Research Analyst Mohammed Jawad. “They have the potential to emerge with disruptive technologies, while being insulated from global economic slowdowns and concerns about obtaining huge capital investments.”
Though VR is growing rapidly, it is still out of reach for many sectors. Less than 1 percent of the world’s computers have the graphical capabilities needed for VR to perform efficiently. Furthermore, the ecosystem of VR relies on vital technology capabilities such as battery efficiency.
“As cross-country and ecosystem partnerships play a major role in developing capabilities, global market participants work with an extensive network of partners to meet customer needs,” noted Jawad. “Meanwhile, technologies such as real-time analytics and beacon will be enabled within the VR/augmented reality environment, as they will impact VR’s adoption in business applications.”
The companies that are likely to lead the next phase of growth within the VR space are 900lbs of Creative, Evox Images, ZeroLight, Osso VR, Deepstream VR and VRsim. These innovators will increase job opportunities, widen the market and have a greater impact on the economic growth of the region.