Virtual reality, formerly the domain of gamers and early adopters of technology, is becoming popular and entering various industries globally.
But what is virtual reality?
Virtual reality (VR) is an experience that uses pose tracking and 3D near-eye presentations to give the user an alluring feel of a virtual world. Virtual reality can be used for various purposes, such as in video games, virtual meetings, medical training, military training, eCommerce, education, etc.
The Grand View Research report shows that the VR market was worth $15.81 billion in 2020. And it is expected to reach $50.3 billion by 2028. In fact, virtual reality app development has already proven to have a positive ROI for several businesses.
This blog will discuss how developing a virtual reality app can assist you in achieving your business objectives and VR app development costs.
So let’s get started.
Crucial Benefits Of Virtual Reality App Development
1. Impressive Virtual Reality Training
The training sector presents a significant innovation challenge. VR training for medical staff or military personnel can benefit professional development. However, virtual reality technology provides an intuitive educational tool with tremendous promise.
Virtual reality services evaluate the collaborators’ responses in various circumstances and offer a realistic and 360-degree view of situations. Additionally, it can produce multiple forms of memory that incorporate visual, physical, and emotional, which helps data retention.
2. Display Your Products In 3D
You can display your products or services that are heavy, complicated, or difficult to move to a customer meeting in 3D via virtual reality. It is also a cutting-edge presenting tool that works well for products such as prototypes, buildings, concepts, and much more. You can take the help of a virtual reality app development company to discuss your VR app ideas.
3. Saving Money & Time
Experiencing a particular work environment, site, facility, etc., in the past required face-to-face interactions. On the other hand, virtual tours allow businesses to give anyone the impression of being on location without making travel arrangements. The time and money required to visit a site can be drastically reduced. Therefore, virtual reality app development could facilitate your business operations.
4. Enhance Collaboration & Productivity
Teams may feel intrinsically more cooperative and productive when they can bring individuals together virtually. Professionals can meet virtually throughout a project to discuss any concerns rather than taking the time to travel to resolve them.
5. Improve Customer Service & Boost Sales
Virtual reality is already used by businesses to increase brand recognition and acquire a competitive edge. The customer experience can be enhanced through virtual tours and experiences.
Customers can easily experience a product or service virtually without visiting the store. As businesses have now started to explore, there is no concern that VR technology will revolutionize big and small enterprises.
There are countless advantages to VR. Businesses with new innovative ideas can provide collaborative experiences thanks to such immersive remote technology.
How Much Does VR Application Development Cost?
Depending on various factors, the VR app development cost may range from $30,000 to $3,00,000.
Factors Impacting the VR App Development Costs:
1. Platform and Business Model
Creating virtual reality apps for iPhones will be more affordable, but more money is needed if you wish to build virtual reality apps for android users. You must select the app development platform based on your business model and target market. You will have to spend approximately $30000 to $200000 for one platform and $250000+ for both platforms.
2. App Features and Complexity
Two main factors that impact the cost of building VR apps are – the number of features and complexity. Intrinsically, more advanced features can lead to higher app development costs. However, the intricacy of these features has an enormous impact on the overall project.
3. App Design
You will require the best virtual reality app development company to build a robust and user-friendly app. Your business VR app should have an attractive design to grab the user’s attention.
Adding striking color schemes, stunning graphics, and intuitive design will affect the app development cost.
4. Location of App development company
One of the substantial app development cost factors for virtual app development is determining the location of the development.
Countries have various living standards and living costs and different development hourly rates. You can pick the app development company according to your preference, budget, and target audience.
One of the technologies with significant future growth is virtual reality. Many of us associate virtual reality (VR) with sci-fi movies. But the fact is that this technology now seamlessly integrates into every aspect of our daily lives, such as gaming, health care, education, etc.
Apps beyond leisure, tourism, or marketing are now in high demand in the market, and they must also be more user-friendly and economical. Thus, it is the right time to hire a mobile app developer to build innovative VR apps.
Tom Hardy has 10+ years of experience as a software developer in SparxIT. He often writes blogs and journals to share his expertise for a reputed mobile app development company.