Virtual reality is the game to be in! According to research by Arden Partners – an institutional stockbroking company – £154m worth of capital flowed into the private virtual reality last year, a 70% jump on 2020. UK revenues are set to grow by 31.7% this year and are projected to increase at the same rate over the next five years. I’m telling you this because while the main VR attraction may be gaming its development is bound to impact many other areas. As Alex DeGroote, research director at Arden, explains: “With new virtual ways of operating becoming much more widespread in many consumer and professional sectors post-Covid, we envisage an exponential rise in capital investment into the virtual reality sector as consumers and companies look for new ways to communicate and operate.” Just putting it out there…
