In the wake of coronavirus crisis across the globe, many people and organizations are turning to virtual reality technology. Virtual reality technology offers an opportunity for businesses and people to stay connected while observing social distancing guidelines. Amid the crisis, Cemtrex has landed a virtual reality application order from VF Corp. The app is designed for third party and corporate use to help provide quality retail experience to clients.
Virtual reality offers an amazing opportunity for organizations and companies to reach a larger clientele. According to Cemtrex Labs, a Cemtrex division, the application will be completed within this quarter and that is when it will be submitted. The app will also be built on Oculus Quest and for the company, this is an exclusive opportunity for it to enjoy long term working relations with VF corp as it rolls out efficient, cutting edge and modern VR applications for brands and retail points.
CemtrexLabs that prides in a team of experts that includes engineers, designers and artists have in the past worked with top brands including AARP, Essence, Live Nation and WMagazine to help create the best engaging experiences. This will also boost their industry performance.
“We are continuing to see increased demand for virtual reality development services, and we believe this market is going to explode over the next 24months. More and more companies and organizations are converging on virtual reality as the long term solution to foster engagement, collaboration in this new environment. As one of the leading developers in the space, we believe we are well-positioned to capitalize on this market as it continues to expand.”
Today, Augmented and Virtual Realities are among the best and fastest-growing business areas. These are expected to grow up to more $500 billion by 2025. Some of the top industries that are already optimizing AR and VR technologies include: medical diagnostics, industrial design, entertainment, sports, productivity tools, manufacturing, social media and entertainment among others.