Augmented and Virtual Reality: The Promise and Peril of Immersive Technologies
Facebook purchased Oculus for $2 billion and Goldman Sachs predicts that AR/VR market will be around $95 billion by 2025. The demand for AR/VR devices is growing day by day. The industries where VR/AR will dominantly be used are live events, retail, video entertainment, and gaming. They also find applications in industries like education, healthcare, military, and more. Let’s look into some of the issues and concerns regarding these technologies.