VRFocus - Virtual reality (VR) has many wider applications than just videogames. Before it was attached to the entertainment industry, it was used by the military for parachute training, combat simulations and also a way of treating post traumatic stress disorder. Recently scientists in Switzerland have developed a system called the ‘forensic holodeck’ which allows them to recreate crime scenes.
There is more money and talent invested in virtual and augmented reality than ever before. Indeed, more than $3.5 billion has been invested into virtual and augmented reality than ever before. Indeed, more than $3.5 billion has been invested into virtual and augmented reality startups in the past two years. The industry is growing fast; Goldman Sachs suggests the combined hardware and software market for VR and AR will reach, on a base case, $80 billion by 2025, with a potential to reach more than $180 billion.
