Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to accelerate out of the pandemic, growing from just over $12.0 billion in 2020 to $72.8 billion in 2024. According to the International Data Corporation (IDC) Worldwide Augmented and Virtual Reality Spending Guide, the five-year compound annual growth rate (CAGR) for AR/VR spending will […]
The Augmented Reality (AR) and Virtual Reality (VR) market has recorded more than $2 billion (€1.69bn) in total investment so far in 2020. According to a new report from global tech market advisory firm ABI Research, more than $1.3 billion for AR and VR company funding and more than
Korean telco SK Telecom and Deutsche Telekom have entered into an agreement to establish a 5G technology joint venture. They will each hold 50 per cent of the joint venture and each will name one representative to lead the new entity. The joint venture will be headquartered in Germany. Through the joint venture, the two […]
Before the Covid-19 pandemic emerged in early 2020, the idea of working and socialising from home was mainly a theoretical proposition. But less than a year later, that reality is suddenly the new normal for many of the world’s office workers. In the latest Ericsson IndustryLab study, The Dematerialized Office, early adopter white-collar employees in […]
Introduced in 1980 by Bandai Namco, Pac-Man is now 40. And from AR pins to retro gaming competitions and even full-sized real-life game boards, everyone’s getting in on the act. Bandai Namco Entertainment Europe has announced that Pac-Man Mega Tunnel Battle is arriving exclusively on Google’s cloud gaming service Stadia from November 17th 2020. Players […]
Blend Media, the immersive content provider which counts Facebook, Google, Disney and L’Oreal amongst its clients, today announced the launch of Blend Market, a new single platform that connects brands and businesses with skilled creators and creative solutions. Blend Market is an immersive marketplace dedicated to connecting clients with a global community of thousands of skilled […]
As the world continues to deal with the pandemic, the market for virtual reality (VR) headsets is expected to decline 6.7 per cent in 2020 before returning to double-digit growth of 46.2 per cent in 2021, according to the International Data Corporation (IDC) Quarterly Augmented and Virtual Reality Headset Tracker. The market has faced a […]
VisualOn, a streaming solutions provider that optimises the impact of the video player, and VLA VR, a pioneer of VR technology, have announced a partnership with China Mobile Communications Corporation’s subsidiary MIGU Video to transform the mobile video experience using cutting-edge technologies including the VisualOn MultiStream Sync feature, multi-angle view, augmented and virtual reality (VR), […]
Mediengruppe RTL Deutschland is launching a content test using augmented reality together with the Australian start-up tagSpace. The Brisbane-based software company provides a proprietary solution for location-based AR experiences in cities, stadiums, festivals and other big events . As a possible starting point for Mediengruppe RTL, a plug-in application could be used to integrate top […]
Grand Slam tennis returns to Eurosport this weekend with the US Open. Eurosport’s production will also exclusively unveil the Eurosport Cube, an interactive mixed-reality studio using augmented reality (AR) and enhanced graphics, to transport fans into the heart of the action from New York and offer detailed and insightful analysis of the action. Barbara Schett […]