Virtual reality technology has been embraced across different parts of the globe thanks to its immense benefits. It is a technology that is changing the world. From health care to the transport sector, virtual reality has proven handy. Even though it was once first seen as a holy grail that revolved on futurists as well as gadgets, many enthusiasts were not certain about its great end. Today, there is a lot of excitement on the immersive world and technology hence, a dream that is becoming a reality. It is a wave that could change the world.
In 2016, highly advanced immersive consumer VR headsets were launched. They were expensive and carried quality content that many people including analysts anticipated. This is why VR is widely used by gamers, entertainment companies and many advertisement/marketing brands. VR technology is also used in education, manufacturing and other applications that have major exposure to VR space. Some of the industry leaders that have enjoyed a wide exposure to VR technology include:
- Microsoft, a company that has been quite successful under CEO Satya Nadella. The software giant is one of the largest companies with great VR space exposure across the globe. AR and VR remain a small part of Microsoft’s company operations, but plays a major impact with modern wearable display formats.
- Alphabet is also a successful company, Google’s division that dominates digital advertising and search engine markets. Even though VR is a smaller component of the company’s business strategy, it has utilized the technology to explore higher adoption levels. Therefore, Alphabet teaches many VR experiences to a larger audience.
- Amazon is an industry leader in the world of e-commerce, as well as cloud computing tech space giant that has continued to experiment with VR technology. It integrates technology with the e-commerce platform. With limited release kiosks that allow users to navigate on video game-like shopping malls in a VR world, it is setting the standards for many eCommerce shops.
The other companies that are more likely to be the biggest beneficiaries of VR technology include: Alibaba Holdings, Facebook, Intel, Qualcomm and Sony.
https://www.fool.com/investing/2020/01/26/the-9-biggest-virtual-reality-stocks.aspx