While virtual reality gives people an experience that is as close to real life as possible through a digital environment, augmented reality is the real-time merging of a digital and physical world. Applications for Virtual and Augmented Reality include giving potential home buyers a virtual tour of the property, viewing a football game in immersive augmented reality, and communicating with medical professionals from a distance. Additionally, it is anticipated that rising technological progress, including the creation of head mounted displays and smart glasses, will fuel market expansion. It is anticipated that the deployment of next-generation 5G networks with high capacity and reliability will help the virtual and augmented reality industries expand.
