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Does my business need VR, AR, MR? What would it cost me?

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  • What is the future of Virtual and Augmented Reality?
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Tiltlabs | October 7, 2022

The XR industry (VR+AR+MR) is projected to grow to nearly 400 billion USD by 2025. Its potential is evident in a range of industries, such as retail, healthcare, manufacturing and repair/maintenance and education, among others. Businesses and innovators focusing on workforce empowerment and customer interaction and experience enhancement will want to leverage the strengths of immersive technologies. Investments in immersive technologies can be high, based on a business’s need and target audience, and also the kind of technology that is used. Costs may start at $5-10k and may go up to $50-100k based on applications, hardware and platforms, research and development, and so on. Having clarity on your target market and the type of platform most suitable for your project will help in deciding the costings.

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