XR business benefits are richer and more attractive to executives across the business environment.Ī 2019-2020 report from VRX suggests that 98.6% of enterprise users said they would at least consider investing in XR in upcoming years. Much of the fuel leading to this economic growth comes down to the tech’s benefits to businesses. According to research from PwC, VR and AR tech have the potential to add a whopping $1.5 trillion to the global economy by 2030. It seems as though most sectors can greatly benefit from using XR technologies. Architecture, construction and engineering.Below are some examples of other industries that benefit from XR: However, how can businesses use XR to their advantage? What Industries Will Benefit From XR?įrom health care to manufacturing and everything in between, many industries can leverage XR to reap this advanced technology’s benefits. Like the terms “digital” and “natural,” marketers use XR to describe some of their latest products, hoping more consumers will spend on them. The term is often overused, as it’s become a buzzword for marketing companies and brands. Any device that uses AR, VR, or MR can be referred to as an XR device. Again, these technologies can be confusing, but understanding XR and its capabilities are crucial in an ever-changing business landscape. When VR and AR converge, that is what’s defined as MR.
Think of the game Pokemon Go, which quickly became a global phenomenon in 2016. XR can also augment or add to a user’s surroundings, known as AR. For example, VR immerses you in a virtual environment, as its name suggests. XR describes AR, VR or MR, and a key component of XR is how it takes the human-to-PC screen and modifies it in some way. These three technologies are considered sub-categories of XR, and they each set out to accomplish different outcomes. What is XR?Įssentially, XR is an umbrella term that describes several different yet related technologies, including AR, VR, and mixed reality (MR). Other technological words, such as augmented reality (AR) and virtual reality (VR), are spoken about frequently - what’s the difference between these realities?īelow is more information about XR, how it’s changing how employees work, some benefits it offers industries, how it has evolved and what to expect for the future. It’s expected that XR headset shipments will increase to 105 million by 2025.Īside from implementation in the gaming industry, XR also has many applications in the workplace, especially as more companies are looking to undertake a digital transformation.
XR consists of immersive technologies that have proven their capabilities in the gaming industry, for example. Extended reality, commonly referred to as XR, is becoming a prevalent technology many companies use in various industries.
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