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Virtual Reality Statistics To Know In 2023 

XR Today - Virtual Reality

A study by McKinsey exploring technology trends from 2022 onwards found that around 63% of companies are now embracing immersive technologies for training purposes. billion by 2026: Between 2021 and 2022, the VR software market worldwide grew from a value of $7.8 billion by 2026. billion to $9.98 billion, at a CAGR of 27.9%.

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XR an ‘Invaluable’ Tool for Healthcare Training, HTC VIVE Survey Finds

XR Today - Mixed Reality tag

A recent HTC VIVE study has found that extended reality (XR) technologies have become an “invaluable” tool for training healthcare staff in key skills and capabilities. With immersive tools, medical teams can train staff in competencies like conducting procedures and communicating more effectively with patients.

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How Much Do Enterprises Spend on AR Glasses?

ARVR

billion in 2026, an 80.7 billion in 2026, a 64.6 million in 2026. remote support) while transferring institutional knowledge through immersive training. It’s all about an extensive forecast model coupled with rigor in assembling reliable inputs. So what did the latest headworn AR forecast uncover? billion in 2021 to $35.1

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Mahanadi Coalfields Ltd's VR-based safety training to its workforce

XROM

Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India , has announced that it will be providing virtual reality (VR)-based safety and operational training to its 17,000-strong workforce. The introduction of VR-based training will assist in "digitalisation in business processes ," MCL said. billion in 2020 to $56.1

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The Future of VR in Education: Full Immersion in Learning

ARPost

Fortune Business Insights even predicts that the VR in education market will grow from $656 million in 2018 to $13 billion in 2026. According to Harvard Business Review , VR-trained surgeons are 230% more efficient at performing surgical procedures than traditionally trained specialists. 5 Ways VR Is Improving Education.

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Virtualware Celebrates 20 Years of Operation

XR Today - Virtual Reality

Virtualware is a global leader in providing VR training solutions for industry, education, and healthcare companies. The VR training firm also signed a massive €1.6 million deal with Corporación Digital SA de CV. With the agreement, the client will use VIROO at the University of El Salvador to prepare future workforces.

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A Complete Guide to Virtual Reality

XR Today - Virtual Reality

percent compound annual growth rate (CAGR) between 2021 and 2026. Many verticals are rapidly adopting VR for training new recruits, onboarding new hires, educating students, and furthering education with low-cost, on-demand mobile solutions. Interest in VR is rapidly increasing with a forecasted 48.7 billion USD in 2021 to $84.09