If you are ever in any doubt concerning the popularity of a specific market or trend, you would do well to consult with investors. After all, members of this demographic has their fingers on the pulse of social, economic and technological innovations, while they are also keen to back those that have the most potential and potential growth.
In this respect, it has become clear that virtual reality (VR) is a technological concept that is destined for mainstream success. According to Forbes, investors have plowed nearly $4 billion into advanced, VR technology since the beginning of 2010, benefiting research, development and the start-ups that manufacture hardware.
How Online Gaming has driven the Growth of VR
While some may argue that Facebook’s, $2 billion procurement of VR hardware manufacturer Oculus Rift in 2014 accounts for approximately half of the total investment, this deal alone underlines the potential that exists within this market. The Magic Leap start-up has also benefited from an estimated investment of $594 million in funding, with Google contributing the majority of this capital. With so many large corporations and leading players in the technology market backing VR, there is a clear drive to make this innovation a popular mainstream concept across the globe.
The desire is also there to make this happen quickly, with investors keen to capitalise on the huge and continually booming virtual gaming market. Corporations such as Facebook and Google are acutely aware of the exponential growth that has gripped this sector since 2010, while they also appreciate the depth and diversity that exists within.
The online gaming market has been a driving force in the development of VR. Brands such as 888 are keen for development to keep improving its 888 live casino, which has been a huge hit with fans since its release. From classic strategy games and social titles to live casino gameplay, the emergence of online platforms has created a pressing demand for VR hardware and provided an outlet for developers to channel their designs.
This is crucial, as while VR may be a fluid concept that can impact on all areas of life, it has always existed as a theoretical idea that required practical applications. Online gaming and real-time casino play has provided this, enables manufacturers to refine their products and tailor them for a specific audience. Take Microsoft’s HoloLens, for example, which is an augmented reality device that has already been trialled with popular online game Minecraft and added tactile elements in a three-dimensional environment.
VR and Online Gaming: A Marriage made in Heaven
Of course, we will ultimately see VR branch out from gaming and step further into the mainstream, as new applications are recognised and understood. Online gaming will remain a key driver of popular VR trends and investment, however, while it will forever remain the primary application that helped to make virtual reality a viable concept.