5 High-Paying Sectors in AR/VR

Virtual reality and augmented reality are developing at a breakneck speed. Many analysts believe they will continue to grow in popularity in the foreseeable future. As per a study by ABI Research, before the pandemic, the VR industry was estimated to expand at a 45.7% compound annual rate, outpacing $24.5 billion in revenue by 2024. In fact, a report by PwC states that AR VR has the potential to add 1.5 trillion dollars to the global economy by 2030. 

It will be fascinating to observe how technology will be employed in both commerce and ordinary life as it advances. According to ARtillery Intelligence, the sector for virtual reality in businesses is expected to expand from $829 million in 2018 to $4.26 billion in 2023. Today, from entertainment to production, healthcare, and education, these innovations are used in novel ways. As a result, extended reality professionals are currently among the most in-demand professions in the technology-driven business world.

Career opportunities in AR VR Professionals you can explore..

5 sectors hiring AR/VR Professionals

Gaming

In recent times, the gaming business has experienced tremendous advancement. According to studies, the worldwide AR/VR gaming industry will expand at a CAGR of 18.94 % from 2021 to 2027. The video game business uses its software and hardware to enable completely controlled voluntary motion. As a result, using a VR headset allows the customers to move around in the virtual world. As a result, the job market has practically exploded with the growing demand for virtual reality and augmented reality. There are so many interesting jobs to choose from now, so if you’re a gamer who is also tech-savvy, this is a field you’ll enjoy working in! 

Healthcare

Nowadays, healthcare organizations are increasingly preparing to upgrade their digitised solutions with virtual reality and augmented reality (VR/AR) technology to improve data analysis and medical procedures. In addition, some firms have discovered strategies for engaging with their patients during pandemics by using these technologies, allowing them to provide remote and individualised care. Others employ virtual reality and augmented reality to enhance clinical training or prepare for pre-surgery duties. It can also be utilised in body mapping, which allows the physician to recreate the patient’s anatomy when the condition is intricate, or the clinician is physically unable to conduct the inspection. 

Education

Students are learning topics like the physiology of a living organism, cell genetics, biochemistry, and nuclear physics using extended reality’s visual and experiential capabilities. Considerable consumption of extended reality technologies is employed in astronaut and pilot training. Learning becomes more immersive and interactive using AR/VR, resulting in improved cognitive performance among learners. With the use of modelling, 3D imaging, and complex audio-visual effects, Augmented and Virtual Reality technologies are being used to promote learning. 

Manufacturing

According to PwC research, the usage of virtual reality and augmented reality in product and service development could raise GDP by $360 billion by 2030. Virtual reality and augmented reality can improve and supplement current brand and business design while also allowing new methodologies. For example, engineers and machinists on the ground can use an AR interface to get real-time data and retrieve training materials, quickly detect issues, and perform restorations and maintenance. 

Retail

The growing adoption of extended reality by retailers such as IKEA, Walmart, and others has fuelled the rise in the extended reality retail market in the past few years. Virtual reality shopping is becoming more popular as the lifestyle of people evolves, and the working class keeps growing. Giants like Amazon and Walmart are launching AR applications to improve user experience to address this growing need. Furthermore, with the advent of creative technical breakthroughs, traditional advertising and marketing techniques and transactional sales have been substantially altered. As a result, the demand for AR VR expertise in the retail sector is rapidly increasing. 

Other prominent sectors hiring AR/VR professionals

Even beyond these five sectors mentioned above, the opportunity for AR and VR continues to expand in many other industries.
Logistics

• Transportation
• Entertainment
• Supply Chain
• Pharmaceuticals
• Aviation
• Defence
• Electronics

When humanity initially discovered new realities, AR and VR’s impact was mainly focused on entertainment and gaming. However, extended reality experiences were seen by businesses as a means to take gamers into other worlds and impact their sensations.

However, the emergence of innovative technology and increasingly cheap gear in recent times has demonstrated outstanding potential for AR and VR. Furthermore, corporate industries attempt to incorporate parallel worlds into their operations with anything from business to customer satisfaction. As a result, you can explore various sectors in AR VR technologies with diverse work opportunities!