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    Virtual Reality Meetings Platform Report

    Uploaded by

    Shubham Gandhi
    The document discusses how the COVID-19 pandemic has accelerated the usage of virtual reality (VR), especially for meetings and conferences. VR solutions allow attendees to feel as though they are in their office boardrooms discussing projects with teammates while minimizing physical interaction. The pandemic has increased demand for VR meeting platforms as businesses seek more productive and efficient remote options to replace canceled in-person events and meetings.

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    © All Rights Reserved
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    Virtual Reality Meetings Platform Report

    Uploaded by

    Shubham Gandhi
    40 views6 pages
    The document discusses how the COVID-19 pandemic has accelerated the usage of virtual reality (VR), especially for meetings and conferences. VR solutions allow attendees to feel as though they are in their office boardrooms discussing projects with teammates while minimizing physical interaction. The pandemic has increased demand for VR meeting platforms as businesses seek more productive and efficient remote options to replace canceled in-person events and meetings.

    Original Description:

    Queppelin's Report about Acceleration in the usage of VR Meetings and Conferences due to COVID -19

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    The document discusses how the COVID-19 pandemic has accelerated the usage of virtual reality (VR), especially for meetings and conferences. VR solutions allow attendees to feel as though they are in their office boardrooms discussing projects with teammates while minimizing physical interaction. The pandemic has increased demand for VR meeting platforms as businesses seek more productive and efficient remote options to replace canceled in-person events and meetings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views6 pages

    Virtual Reality Meetings Platform Report

    Uploaded by

    Shubham Gandhi
    The document discusses how the COVID-19 pandemic has accelerated the usage of virtual reality (VR), especially for meetings and conferences. VR solutions allow attendees to feel as though they are in their office boardrooms discussing projects with teammates while minimizing physical interaction. The pandemic has increased demand for VR meeting platforms as businesses seek more productive and efficient remote options to replace canceled in-person events and meetings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Acceleration in the usage of VR

    Meetings and Conferences due to


    COVID -19
    15 May, 2020

    By
    Queppelin

    1|Page
    Introduction
    To date, the 1918 Influenza Pandemic has been recorded as the most severe Pandemic in human
    history. Many changes in technologies during that time resulted in a new world that we see
    today. Telephones emerged as a new technology. Phone calls were the medium of interaction
    and the company used to instruct their employees through phone calls. It was also used as a
    source of entertainment. There was a slogan that was used back then.
    “People who are in quarantine are not isolated if they have a Bell Telephone”
    Since people were not allowed to come out of their houses, phone calls were the medium to
    socialize. People realized the benefits and importance of this technology and that became the
    turning point in the advancement of Telephones.
    Now if we look at the current pandemic it too has led to advancement in new technologies. The
    present situation has created an unexpected rise in demand in the field of Virtual Reality. VR
    is serving the needs of the people in different sectors. Even after the pandemic is over, there is
    a need to minimize physical interaction while we know that face to face communication is very
    important for business. That is the reason why businesses are opting for Virtual Reality in many
    of their processes and are getting higher productivity and efficiency.

    Impact of COVID-19 on Virtual Reality


    COVID 19 has changed the world in an unprecedented way. Most of us are staying indoors
    with access to just basic facilities. Humans are social creatures and they feel like prisoners
    when they are forced to stay at home during the lockdown. But with the advancement in
    technologies such as Virtual and Augmented Reality the gap is being reduced to a greater
    extent. People can socialize, shop, and talk using these technologies.
    We all know that in Business people to people interaction is imperative. Virtual Reality helps
    in conducting business meetings through VR by eliminating the cost of travel and the best part
    is we have our colleagues by our side. It not only gives a feeling of walking into a conference
    but also gives an option of giving a presentation or watching a product demo.

    Virtual Meetings Solutions


    Virtual Reality now offers solutions which make the attendees feel as if they are in their office
    board rooms, discussing various projects with their team mates. Advanced platform, device
    agnostic let the users join in using their VR headset, laptop or smartphone.

    2|Page
    Diverse Potential of AR/VR Application

    Predicted market size of VR/AR


    in diferrent sectors (in 2025)

    $16.1b
    $18.9b

    Enterprise and Public Sector Consumer


    Source: Statista

    Enterprise and Public Sector could be further sub-divided into Healthcare, Engineering, Real
    Estate, Retail, Military and Education. Consumer could be categorized into three sections i.e.
    Videogames, Life Events and Video entertainment.

    Enterprise and Public Sector Consumer


    $0.7b $3.2b
    $1.4b
    $5.1b
    $1.6b
    $4.1b $11.6b
    $2.6b

    $4.7b
    Healthcare Engineering Videogames
    Real Estate Retail Live events
    Military Education Video entertainment

    Source: Statista Source: Statista

    3|Page
    Number of Virtual Reality Users

    Virtual Reality Users - GLOBAL(in Millions)


    120 114

    100

    80
    58
    60
    41
    40
    26 23
    13 16
    20 9
    4.1 1.6 1 4
    0
    2015 2016 2017 2018

    Early Majority Early Adopters/Light Gamers Innovators/Hardcore Gamers

    Source: eMarketer

    Virtual Reality users in US (in Millions)

    35
    30.6
    30 27.9
    26.5
    23.3 23.9
    25
    19 19.6
    20
    15.7
    15
    11 11.5
    10

    0
    2017 2018 2019 2020 2021

    VR headset Users VR Nonheadset users

    Source: eMarketer

    4|Page
    The forecasted data for the shipment and Market Share of VR Headsets.

    Shipments Shipments CAGR


    Product Share Share
    Product (2020) (2024) (2020-
    Category (2020) (2024)
    (millions) (millions) 2024)
    Screenless
    0.39 5.55% 0.1 0.13% -29.16%
    Viewer
    Virtual Standalone
    3.09 43.76% 25.25 32.92% 69.06%
    Reality HMD
    Tethered
    2.89 40.88% 10.26 13.38% 37.30%
    HMD

    Source: IDC Worldwide Quarterly VR Headset tracker

    Virtual Reality at workplace


    Virtual Reality is disrupting industries such as Communication, healthcare, manufacturing and
    Real Estate. Because of the current pandemic, things have changed beyond our imagination.
    Coronavirus has led to cancellation and postponement of thousands of events and meetings.
    And the negative impact on business is unparallel. According to Queppelin Co-Founder
    Prafulla Mathur there is an increased demand in virtual meetings. Queppelin’s VR Meeting
    Platform GatherInVR is being adopted by multiple blue-chip companies.
    VR can be beneficial in providing a competitive advantage. If there is a launch of a new product
    it will involve the physical building of a new store. But through VR, product launch could be
    done by creating a virtual store which will be cost-effective as well as time-saving.
    In the field of training it will not only provide the trainees to learn through the recorded session
    but will also allow the trainers to conduct live training sessions.

    About Us
    Queppelin develops Augmented & Virtual Reality platforms with a focus on VR meetings, AR
    based try-on for eRetail, VR based workforce trainings for Manufacturing, AR based marketing
    and branding solutions. Established in 2010, we work for client service like Facebook, JCB,
    Nissan, KDDI (Japan), Bennett Coleman & Co. and many others.

    Queppelin has been showcased as a major deep tech player by Oracle at Mobile World
    Congress (Barcelona), recognised as the Top AR player by global raking authority Clutch and
    won the prestigious Red Herring Award for deep tech.

    We can be reached at [email protected]

    5|Page
    References

    1. www.queppelin.com

    2. Mathur, K. May 15, 2020. Post COVID-19, World Will See Surge In Deep Tech Such
    As Augmented And Virtual Reality. Outlook.
    https://www.outlookindia.com/website/story/opinion-post-covid-19-world-will-see-
    surge-in-deep-tech-such-as-augmented-and-virtual-reality/351452

    3. Zimmermann, N. April 16, 2020. Your next business meeting could be inside a VR
    headset. Made for Minds
    https://www.dw.com/en/your-next-business-meeting-could-be-inside-a-vr-headset/a-
    53143501

    6|Page

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