It’s been a year since Virtual Reality technology market has been officially launched through every major VR platforms, from high-quality tethered systems like HTC’s Vive and Facebook’s Oculus Rift to budget-friendly and cheerful smartphone-based platforms like Samsung’s Gear and Google’s Daydream VR.

Now the initial flurry of enthusiasm has died down, but as VR hit the mainstream - it’s peeking over the horizon by leaving more drastic questions: What actually you would be able to do with VR? Is VR just a stepping stone for even more science-fiction future of augmented reality tech?

As VR is aiming for the mainstream from the high-end Oculus Rift to Google, we take a dive into Virtual Reality technology as a tech trend and what exactly you need to know about the VR market for today, and of course, take a look at the market predictions.

What is Virtual Reality technology?

VR is an artificial, computer-generated three-dimensional simulation or recreation of a real-life environment or situation poised to manipulate and explore the way we experience directly in the action while feeling as if you were in that world.

Virtual reality is all about the making of a virtual world that users can experience in such a way that they would unable to differentiate the difference between what is imaginary and what is not. Virtual reality provides user interactions with a perfect blend of digital components to make them feel like they are experiencing the real world, primarily by stimulating their vision and hearing. VR technology can help to achieve a lot of things some of these are

• To create and augment an imaginary reality to track a user's motion, particularly his head and eye movements for gaming, entertainment, and play (Such as video and computer games, or 3D movies, head-mounted display).
• To improve real-life environment training by making a simulation of reality where users can practice in advance (Such as practicing of high-risk exercises (like bomb disposal), flight simulators for pilots).
• To create visual impact through a series of images, and specify what types of interactions are possible using the coding language VRML (Virtual Reality Modeling Language).
• With the tremendous attention and promising growth of VR technology companies seek to cover all our day to day activities together with VR products: sports, shopping, theme parks. Most of the companies are developing VR software to bridge the gap between the old and the new and touch any possible social activity.

Impact of VR technology in global industries

While Virtual Reality (VR) may have its origins in the gaming industry, but its obvious value is not confined to it. In fact, VR has the potential to reshape entire industries, which is both exhilarating and a little scary.

Travel

One of the industries in which VR has looming implications is the travel industry. The best use may lie in tourism as the possibilities of VR and travel are endless.

VR offers an opportunity to walk around any destination and soak up the sights and sounds of the surrounding area, making it much easier through virtual exploration to decide where you would like to visit, VR tours for what hotel you would like to stay at and what excursions you would like to book in advance.Adding entertainment to long flights.

Education

Virtual reality technology assists the teaching and learning process by providing an immense way for students to think and process the information.

VR provides new ways in education with virtual lessons with manipulable, 3D versions of the course, materials to interact and gain hands-on experience. With the state of virtual reality, VR offers virtual field trips as an apt engagement for students to experiment and explore the potential learning benefits.

Healthcare

Healthcare is one of the biggest adopters of virtual reality in connection with surgical and non-surgical ways. Plus, it allows telemedicine and diagnostic tools without causing any danger to the patients.

VR isn’t just the bleeding edge of entertainment, it’s also a tool taking the health care which encompasses phobia treatment, surgery simulation, robotic surgery and skills training.VR allows a safe training exposure for healthcare professionals to learn new skills as well as refreshing existing ones. VR also opens up the possibility of making greater control and precision to procedures like time-consuming and risky surgeries.

Conclusion

As VR is increasingly going mainstream, there are various points of view on its effectiveness as the benefits of the technology in "bringing to life" and therefore it is "here to stay." VR is a great way as well a “gateway” technology to get accustomed to the future of IT industry.