Virtual Reality and Outsourcing
A decade ago, even the qualified software professionals weren’t sure on the growth of VR technology. Even though the research on VR technology started some decades ago, the technology started gaining prominence in the last ten years. Guessing the potential of this immersive technology, software giants started investing considerable amounts on this technology. This eventually resulted in VR technology becoming popular and affordable. VR technology is still in the initial stages of development and in the near future, we can see this immersive technology growing beyond our expectations.
Virtual Reality technology, as the name itself suggests, creates a sensation in such a way that the user will think that he is physically present in the simulated world. This sensation is created by wearing a VR headset which generally work based on haptic feedback systems. Military, entertainment and gaming industries stood first in adapting VR technology and almost all the other sectors are following their steps now a days.
As VR technology is still in the initial stages of its development, it is really hard to find highly qualified VR professionals. Even though several firms claim that they are capable of developing VR apps; only a handful of firms are capable of coding high quality VR based applications. Market share of VR based applications is growing exponentially and as per the estimates of The Motley Fool, the companies may gain thirty billion dollars by selling VR content in 2020. According to it, companies earned 1.8 and 5 billion dollars in the years 2016 and 2017 respectively.
Availability and affordability of the VR headsets also increased very much in the last decade. Almost all the famous companies are coming up with their own version of VR headsets and Samsung Gear, Oculus Rift, HTC Vive are some of the best examples. Even though the high quality VR sets are priced close to $400, several users are shelling out their hard earned money to experience VR. Some small firms are also entering the market with budget VR headsets and the users have wide variety of options to choose from. As per the estimates, more than 80million VR and AR headsets will be shipped across the world by the end of 2021.
Virtual Reality technology can be used in medicine, engineering, business, architecture and in many other sectors. Slowly, these sectors are also exploring the benefits of using VR technology and welcoming the changes. After the introduction of VR, these industries will change significantly. For example, a real estate agent can explain property details without actually going there. Medical students can understand better and they can practise surgical procedures better without actually experimenting on humans.
Japan, China, Ukraine, India are some of the countries where VR technology penetration is growing fast. Ukraine and India are also leading the charts of start-ups that are offering VR based applications development. Several firms from USA, UK, Canada etc. are also outsourcing their projects to these two countries and almost all those firms are satisfied with the output received so far. The value of VR based start-ups is increasing continuously and as per the reliable stats, the average value of VR based start-ups in these two countries is five million dollars.
Advanced GPUs and high performance chips are also helping VR developers to reach new heights and try different things. For smooth and immersive VR experience, chips with high processing power are required and day by day their performance is becoming better. Radeon, Nvidia, AMD etc. are developing advanced chips that can be seamlessly integrated and used in the VR headsets. Some of the reputed electronic manufacturers are trying to develop chips that are optimized for VR sets. Considering the gossips in the internet, the real potential of VR headsets is yet to be explored and every company will surely come up with several new improvements in the near future.
Some experts express concerns over the fast expansion of VR technology. Enough research was not done on health hazards and side effects of VR technology before promoting it aggressively. Despite of these fears, VR technology is making its presence felt in several new sectors and entering into new markets. Researchers started studying the after effects of using VR technology for long and they are committed to provide safe and secure VR technology. Increase in number of VR based apps, continuous development of SDKs and IDEs, enormous market growth prove that VR is not a hyped technology but a real technological leap.
Finally, keep the apprehensions aside and stay ahead of others by adapting VR technology today. Those who welcome the new technologies early will always gain an advantage and VR is no exception to this. There is no need to hire VR developers to get your job done and outsourcing is the best option. India and Ukraine are the front runners in grabbing the outsourced projects and it is better to choose a reliable firm with positive past experience.