VR Latitude is a set of software applications that enable the quick and easy creation of real-life Virtual Reality environments, that can be easily accessed through an affordable smartphone VR set.
The global market for virtual reality software and hardware is projected to reach US$22.4 billion by 2020, driven by the coming age of digital immersion, and the opening up of new application possibilities in industrial, commercial, healthcare and consumer markets. The most immediate real-world benefit and change promised by VR is the creation of collaborative virtual environments that bring massive benefits to the enterprise and education sectors.
The healthcare education and training sector will also open up commercial opportunities with VR enabling physicians to be trained through surgery simulation and skills training. Asia-Pacific ranks as the fastest growing market with an impressive CAGR of 108.1%. The growth in the region is led by increased adoption of smartphone based VR games supported by trends such us digitalizing lifestyles, availability of low cost smartphones and commercialization of VR head mounted displays.
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