The Multiple Applications for Reality-Virtuality Experience Laboratory (MARVEL) at Our Lady of Fatima University is envisioned to provide state-of-the-art equipment and facilities for training and research in mixed reality applications for medical, allied health, and marine simulations.
AR/VR shipments are expected to continue to grow at a healthy rate as contents become more enriched under the influence of new vendors/developers and more options of AR/VR headsets become available to the market, IDC said.
Both Augmented Reality (AR) and Virtual Reality (VR) solutions are starting to revolutionize healthcare applications and services, and at the same time, contribute to the fight against Covid-19.
Analyst firm ABI Research said it expects the virtual reality (VR) market to grow in 2020, passing $4.6 billion despite some negative impacts from the Covid-19 pandemic.
The Philippines has a great potential in VR production and it needs a lot of people who are involved in this space to be able to do things that are commercial grade.