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Deloitte announced: 2023 will be the year of virtual reality

Known for its trend research in the technology sector, Deloitte has published its 2023 Technology, Media and Telecommunications Forecasts report. According to the report, the virtual reality (VR) trend will grow rapidly in 2023. 14 million VR helmets will be sold
 Deloitte announced: 2023 will be the year of virtual reality
READING NOW Deloitte announced: 2023 will be the year of virtual reality
Known for its trend research in the technology sector, Deloitte has published its 2023 Technology, Media and Telecommunications Forecasts report. According to the report, the virtual reality (VR) trend will grow rapidly in 2023.

14 million VR helmets will be sold

In the report; There are predictions about 2023 trends for the world of technology, media and telecommunications. In 2023, the VR market will grow by 50 percent compared to the previous year, reaching a volume of 7 billion dollars. It is thought that 90 percent of the growth will come from VR helmet sales. It is estimated that 14 million units of virtual reality headsets will be sold in 2023, with an average price of 450 dollars. This means that there will be a 50 percent increase in the number of actively used VR helmets.

Noting that VR has many opportunities in the corporate field, Deloitte Technology, Media and Telecommunications Leader Metin Aslantaş said:

“Users will be able to gather with colleagues in virtual spaces where they can interact with three-dimensional objects and real-time digital twins by directly touching and using digital models while working remotely. In 2023, we anticipate the rapid development and adoption of a range of technologies that will help businesses and consumers do more with less. Breakthroughs in technological developments combined with changing consumer habits require managers to constantly renew their strategies.”

Other highlights in the Deloitte Technology, Media and Telecommunications Forecasts 2023 report

Shopping will turn to social media, its annual size will exceed 1 trillion dollars

Trade through social media surpasses traditional e-commerce. It is estimated that the product and service expenditures made from social media in the world will exceed 1 trillion dollars in 2023. Considering that more than 2 billion people shopped on social media last year, it is predicted that the shopping volume, which was 800 billion dollars in 2022, will grow by 25 percent next year. According to a study by Deloitte Global, social media influencers influence the purchasing decisions of Generation Y and Z more than Generation X. It is stated that in the near future, commerce on social media will evolve and it will be easier to find new products, and make payments simpler and faster.

Tech companies to ‘net zero’ sooner

Many organizations want to reach net zero, and the tech industry is making a strong commitment. According to Deloitte’s Global CxO sustainability research, technology companies are working faster on climate change. It is predicted that technology companies are 13 percent more likely to reach the net zero target than other companies.

5G networks will transform enterprise connectivity

Standalone 5G networks will gradually displace previous advances in wireless technology (2G/3G/4G) by offering virtualized, cloud-centric capabilities. According to Deloitte Global, the number of mobile network operators investing in 5G standalone networks is expected to rise from over 100 in 2022 to at least 200 by the end of 2023.

Virtual productions come true, real-time visual effects come to movie sets

The tools and techniques of virtual production are transforming the film and motion picture industry, enabling dreams to be projected onto the screen, reducing production times and bringing real-time computer-generated images and visual effects to life on real-life sets during post-production. Deloitte Global estimates that the virtual production vehicles market, which has an estimated size of $1.8 billion in 2022, will reach $2.2 billion in 2023, an increase of 20 percent.

Acquisitions and mergers in the gaming market are growing

Deloitte Global predicts that the number of video game company mergers and acquisitions will reach around 25 percent in 2023, slightly below 2022’s estimated quarterly growth of 30 percent. While video game services, experiences and business models bring innovations, consoles’ supply chains will increase their investments in order to meet the increasing demand for next-generation experiences during the pandemic period. While it is expected to be released in 2022, it is estimated that many games whose release dates are delayed will reach players in 2023.

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