Virtual reality and augmented reality are gaining ground in the enterprise, with augmented reality showing the strongest potential for growth with its business-oriented applications.

Tech Pro Research recently conducted a survey to determine how VR and AR, as they’re commonly called, are being used in business. The main intent behind VR is to allow the participant to engage and interact with simulations, which has the most use with education or entertainment applications. This includes headsets such as the Oculus Rift. AR, on the other hand, is somewhat similar, but more applicable to the physical world. Think of Google Glass and how it overlaid AR technology against the real world. It can also apply a map over viewed terrain, or provide background details on individuals as you interact with them. AR helps the user interact with the physical world, while VR places the user in an entirely new world.

TechRepublic’s Erin Carson said that Digi-Capital released a report in April that projected AR and VR would be a $150 billion market by 2020, and only $30 billion of that will be VR.

Watch Tech Pro Research Senior Editor Teena Maddox discuss the highlights of the report.

Topics covered in the report include:

  • Familiarity and experience with VR and AR
  • Future plans for VR and AR
  • Timeline for adoption of VR and AR
  • VR and AR applications of interest
  • Importance of cost in decision to use VR and AR
  • How vendors can best help organizations

Download the full TechRepublic report, Virtual and Augmented Reality in the Enterprise: Cost factors, benefits, future plans.

Familiarity with VR and AR

It seems that everyone has at least heard of VR, even if they don’t have hands-on experience. The survey showed that 89% report some degree of familiarity with VR.

AR drew a smaller number, but still substantial, with 80% reporting familiarity with the technology.

Who is using VR and AR

The Tech Pro Research survey showed that 37% of respondents are using VR already at their organization, compared to 39% using AR.

Adoption plans for VR and AR

Augmented reality won, hands down, in the comparison of future plans for AR vs. VR. Of those not already using AR, 67% said they are considering it for future use at their organization, and 20% plan to use it within the next 12 months. Of those not using VR, only 47% said they’re considering it for future use, and 13% plan to use it in the next 12 months.

The future of VR and AR

It’s clear from the survey and resulting report that plenty of people are familiar with VR and AR and many have hands-on experience. The question isn’t if there’s potential for growth, but more about how much it will grow and if there will be any limits.

To read the full story on VR and AR in the enterprise, visit Tech Pro Research and download the full report, Virtual and Augmented Reality in the Enterprise: Cost factors, benefits, future plans.