International Data Corporation (IDC) is forecasting the combined augmented reality (AR) and virtual reality (VR) headset market to reach 13.7 million units in 2017, growing to 81.2 million units by 2021 with a compound annual growth rate (CAGR) of 56.1 per cent. According to new forecast data from the IDC Worldwide Quarterly Augmented and Virtual […]
Blend Media, a 360˚ video and VR specialist that is working with Facebook among others, has closed a third round of funding, securing £1.5 million (€1.7m) and bringing total investment to £2.6 million. New investment came from Hambro Perks and I2BF Global Ventures along with participation from existing investors including Paul Cooper, partner at Clarity […]
Normally, any company that fully dominates the business it’s in would be happy to shout the news from the rooftops. But not the head of Sony’s VR division, which enjoys the position because of the huge installed base of its PlayStation 4 games consoles. In a Reuters interview on the sidelines of the Tokyo Games […]
Significant shifts are underway in how Africa’s Entertainment and media (E&M) companies compete and generate value, as the quality of the experience they deliver to consumers becomes their primary basis for strategic differentiation and revenue growth. To thrive in a marketplace that is increasingly competitive and crowded, companies are focusing on implementing strategies and building […]
The Opera browser now supports 360-degree videos in virtual reality headsets. This new developer update comes with a built-in VR 360 player for leading headsets such as HTC Vive, Oculus Rift and other OpenVR compatible devices, unlocking the immersive world of 360-degree videos for Opera users. In a statement, Opera said: “The rapid growth of […]
Tata Communications and Formula 1 have conducted a test of live 360° video at the 2017 Formula 1 Singapore Grand Prix to show how the F1 racing experience could be augmented for fans worldwide by enabling them to experience the action in and around the circuit almost as if they were there. To-date, any 360° […]
The Virtual Reality Industry Forum (VRIF) – formed to further the widespread availability of high quality audiovisual VR experiences for the benefit of consumers – has announced it will be presenting a draft of its guidelines at IBC 2017. The initial release of the VRIF guidelines focus on the delivery ecosystem of 360° video with […]
Three members of the Virtual Reality Industry Forum (VRIF) – Sky, Ericsson and Tiledmedia – will showcase a real application of Virtual Reality synced with live sports at this year’s IBC Show. The companies will collaborate on an industry-first demonstration that will show how VR can be used to enhance the viewing experience and deliver […]
Facebook’s Oculus Rift VR headset is gaining market share on digital gaming platform Steam, according to data from Valve, with the Vive’s main rival increasing its hold on the PC platform by 8.1 per cent in August. Valve has
Virtual Reality (VR) is often viewed through the lens of consumer-driven gaming, but in a recent B2B technology survey of 455 US-based companies across nine vertical markets, ABI Research finds that while only 4 per cent of respondents have VR in operation, 85 per cent are at least in the stages of early investigation. In […]