Due to the ongoing COVID-19 pandemic, many businesses have suffered and have resorted to using AR and VR for video conferences and meetings.

Seoul VR Technologies’ Chief Creative Officer, Mr. Hwang Joo-ho commented on the market research saying “With the COVID-19 pandemic crippling many markets, we have seen a huge growth in augmented and virtual reality products. AR and VR have brought opportunities for employees to work remotely by providing remote worker enablement, remote assistance, training and workflow instructions.”

“Taking all these factors into account, and by combining this with an increasingly growing consumer demand, we strongly believe that the AR and VR market will continue to grow at a rapid pace over the next 4 or 5 years. We have estimated that the augmented reality and virtual reality market will surpass a total market value of US$140 billion by 2025. All of the tech companies are involved in AR and VR on a global scale and are directly involved in producing more AR and VR hardware efforts over the next few years,” added Hwang Joo-ho, Chief Creative Officer of Seoul VR Technologies.

About Us - Seoul VR Technologies

Seoul VR Technologies was established in 2015 in the capital of South Korea, Seoul, by a team of technology experts seeking to capitalize upon the rapidly developing 3D Virtual Reality and Augmented Reality industry. Our aim is not only to become one of the global leaders in the 3D Environments sector but to shape the industry for decades to come. We seek to make the impossible possible and create new realities by harnessing the power of technological innovation and applying it to satisfy consumer demand.

Our success is built upon our team of highly talented individuals with a passion for forging a new business niche within the emerging virtual reality market. Our multidisciplinary team includes specialists in programming, architecture, design, marketing, social media and business management, who collaborate to develop solutions which we believe will become core technologies in the next few years.

Seoul VR Technologies’ innovative technology combined with our exceptionally talented team means we are at the forefront of this emerging industry, ready to reimagine the world through virtual reality and as a result reinvent and redefine numerous business models. Our technology has the capacity to enable innovation, to reduce costs, save time and resources, to drive sales, to create new opportunities and to capture the imagination. Seoul VR Technologies is ready to capture a significant share of the multi-billion dollar virtual reality market.