Are you thinking about jumping into a world of virtual reality? If yes, it is one of the most excellent decisions a business can take, and why not? The benefits of VR have transformed the business world to a great extent. If you are also interested in improving your business experiences, you should go for VR App development.
Wonder, how can you start VR app development for your business? Don’t worry; we are here to help you. But first, let’s understand the exact need for VR in industries.
Why should businesses invest in VR app development?
VR has already become the most adopted technology worldwide. From gaming to the healthcare sector, every industry is well aware of its benefits and experiences. Its ability to offer creative content and a realistic experience makes this technology the fastest and trendiest in the multiple sectors. The industries implemented VR technology have developed rapidly, accumulating a fortune of 27 billion dollars in 2018.
According to Statista.com, the VR market is projected to rise to 192 billion dollars by 2022. These stats are enough for the companies to understand the importance of including virtual reality in their respective fields. If your company is still app-focused, it is high time to invest in VR app development.
Apart from entertaining the end-users, VR apps also help in improving the employee’s experience. Here we have mentioned some benefits that the workforce gets after implementing VR in the working culture.
- Beneficial in Employee training
- Enhances workflow collaboration
- VR powered prototyping helps in a faster development process.
- Increase productivity
- Handling meetings better
So, have you decided to go for VR app development in your business too? If yes, then this blog will help you with how you can implement VR in your mobile app development. But first, let’s start with the basics.
What is VR?
Virtual reality is a simulated experience generated by the computer in which the user can interact within an artificial 3D (three-dimensional) environment using electronic tools, such as unique goggles with a screen or gloves fitted with sensors. It offers an environment that is entirely different from the real world. This technology is famous for providing realistic experiences with the help of gadgets.
Which sectors are invested in VR App development?
In the business world, VR applications are rapidly in popularity, and their versatility is just incredible. From manufacturing, healthcare, retail to construction, every sector is taking advantage of VR. Below we’ve some potential sectors with current market size, have a look.
- The gaming industry is $11.5 billion.
- The Healthcare industry is $5 billion.
- The retail industry is $1.6 billion.
- The real estate industry is $2.6 billion.
- The education sector is $7 billion.
- The military is $1.4 billion.
- The entertainment sector is $3.2 billion.
The numbers are enough to represent VR’s potential, and according to the expert’s prediction, these numbers will rise in the coming years.
So, where are you supposed to begin?
Here we have mentioned a few VR App Development requirements:
Every project starts with a description, also called functional specifications, that involve the following factors-
- Monetization models.
- Your client’s vision.
Before starting VR app development, you must be clear about the aspects mentioned above. To help you understand better, let’s analyze each factor in brief-
#1 VR Applications Complexity Level
It would be best to determine the complexity level of VR apps as they cannot be inexpensive. It requires some technical skills to be included. You need to understand that not every developer is skilled enough to build such a challenging mobile service. The app complexity comes with the following categories-
- App with simple complexity – majorly includes elementary games.
- Apps with medium complexity – majorly have online stores or complex games.
- Apps with high complexity – full-fledged application.
#2 Platforms for VR apps
It is essential to choose one of the following platforms while developing VR apps:
- Oculus VR.
- Google Cardboard.
- HTC Vive.
- Gohar VR.
Preferably, you can develop a VR application that can function on any platform that a user likes.
#3 What experts are you going to need in VR app development?
Let’s move forward and discuss what experts you will need to create VR apps-
- Project Manager.
- QA engineers.
Let’s take a look at another primary concern-
How much does VR app development cost?
Generally, building VR apps takes months to several years. It entirely depends on your requirements, as we’ve said. The more complicated the app, the longer its execution can last. The final price will, of course, can be higher as well. Below we have mentioned a few factors that affect the VR app development cost significantly:
- Market research.
- Marketing support.
- App functionality support.
After considering the above factors, the average cost to build a VR app ranges between US$40,000-US$75,000. And if you have decided to create a VR Game App, then it will cost around US$75,000- US$1,00,000.
VR technology has become the most demanding technology so far. It would be best if you took the chance, although it won’t be an easy endeavour. But investing in VR app development one of the most lucrative decisions. So, are you prepared to undertake risks and take your business to new success heights? All you have to do is reach your target audience, perform in-depth market research, partner with the right VR app development company, and start your VR app project.