The LBVR is a place of business where VR devices are deployed, allowing users to experience VR by physically interacting with the environment in a way they can’t in their own home. Some of the examples of experiences that LBVR enable include walking around a haunted house, or running around a warehouse with walls that are made of foam, but look like bricks in VR.

- While some of the LBVR experiences provide users with a VR headset, a VR backpack PC, and a custom-designed space, some other LBVR experiences provide users with a mobile untethered VR headset paired with roller coasters, wind tunnel diving, and other activities.

- The market for LBVR is still in a nascent stage. Making the VR experience more real serves as a critical driver for market adoption and penetration. Increasing implementation of VR technology, increasing investment in VR technology, and the growing popularity of 360-degree content are some other major factors influencing the growth of LBVR market. High-quality content plays a crucial role in this industry, and the market is expected to grow as more compelling, high-quality content that appeals to a wide demographic makes its way into the market.

- VR technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market with a hope to navigate it toward mainstream adoption. The future of the market is expected to be more competitive with technology giants, like Google venturing into the field by investing considerable amounts in the tech startups for the development of VR devices, along with other prominent players investing in their R&D over this segment. it is estimated that owing to its huge scope of application LBVR are expecetd to garner a user base of over 1.5 billion, over the next five to six years. .

For sample report please visit : https://www.statzyreports.com/report/sr498579/location-based-virtual-reality-vr-market

Key Market Trends

Growing Popularity of 360-Degree Content

- The market for virtual reality is expanding at a rapid pace, and the location-based VR market is quickly following suit. With the development of new technologies like 3D, 4D, 5D and advanced VR content, 360-degree videos have been introduced in VR and have become one of the notable trends in the global gaming content market. These camera systems are known to record the entire 360-degree view of a scene simultaneously.

- The entertainment sector has witnessed prominent advances with the help of this advanced technologies. Various digital arenas and mainstream platforms of gaming are poised to grow with the rising demand for immersive environments. With the high-quality content being produced with the help of advanced camera systems, the popularity and acceptance of location-based VR is expected to grow and witness the massive potential for the VR market, over the forecast period.

- Early 2019 released statistics from YouTube show that around 3.1 million people are subscribed to YouTube’s official VR channel that hosts best VR-ready 360-degree videos. Similarly, report from Tech Trends estimates put that that Facebook is currently hosting around 1 million 360-degree videos which have generated around 580 million views so far.

Asia-Pacific Region expected to Witness Significant Growth

- Asia-Pacific is expected to hold the major share, owing to the presence of large and several emerging economies, along with the rising acceptance of virtual reality devices in the region. This is, in turn, expected to encourage industry players to invest in the region.

- China is expected to account for a prominent share in the region, owing to the rising adoption of VR technology in the country. Many startups pertaining to virtual reality are on the rise, in the country. For instance, Palapple is developing its own VR products. The company also created a project called VResidence, which offers a number of virtual reality real estate products, including an online platform for the second-hand property.

- Digi-capital reported that the overall spending on virtual reality in the Asia-Pacific region is around USD 5.1 billion, in 2018 and China has the potential to take more than USD 1 of every USD 5 spent on VR market globally and the combined influence of other countries in Asia could account for more than half of worldwide VR revenues by the end of the forecast period.

Competitive Landscape

The Location-based VR Market is highly competitive and is currently dominated by a few players with their technological expertise in VR technology. The global market is witnessing a rise in competitiveness among the companies. However, the market is expected to be nearly consolidated in nature. With increasing innovations in technology, the major players in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability. The Void, LLC, Exit Realty Corporation, SpaceVR, Survios, Inc., Hologate, Zero Latency PTY LTD, Oculus VR Inc., HTC Vive Tech Corporation, Tyffon Inc., and Neurogaming are some of the major players present in the current market.

- May 2019 - Hologate announced that its immersive VR offering has taken in 2 million players since they first launched in 2017.

- March 2019 - The Void announced its expansion into the Asia-Pacific, with a focus to make more investments in China, Malaysia, Hong Kong and Singapore.

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Every day, more and more people turn to their smartphones for everything from checking in with friends to paying their bills. Businesses of all types are taking advantage of this screen time by creating engaging and useful mobile apps to stay connected with customers that are new, old and potential. Custom mobile app creator MORBiZ has released several new features to help small businesses get the most from their smartphone apps.

Savings Feature
Utilizing customer saving features in your new custom mobile app is a great way to influence spending. Some of the most popular options are app-only coupons, digital punch cards or digital scratch and win games that reveal discounts and other saving incentives.

Customer Rewards Programs
Rewards features are excellent for getting customers to come back to your business over and over again. These programs can include points rewards, spend based rewards or an automated value system that encourages year-round spending.

Events Calendar
An updated events calendar keeps customers informed about upcoming sales, special promotions, product releases or other things happening with your company.

Appointment Booking
Does your business require appointments? Then this app feature is a must have. A custom appointment booking app tool can allow customers to book general appointments with the business or book with specific employees. This tool is perfect for everything from salons to auto shops.

Push Notifications
With an app, you can send push notifications to all users, or just certain segments, to provide them incentives to visit your business. Popular uses of push notifications include informing customers of flash sales, sending new product images or reminding them to schedule an appointment.

Quick Contact Capabilities
It’s important that customers know how to get in touch with you when they need your services in a flash. Quick contact features, such as one click calling or messaging and instant driving directions, ensure you’re never out of reach.

Creating a custom mobile app for a small business has never been easier thanks to MORBiZ, a local business app developer. We work with business owners to create powerful web presence tools that drive sales, including apps, websites and pay-per-click advertising. To learn more about our custom small business apps, give us a call at 1-855-266-7249 or use the contact form at https://www.morbiz.com/web-contact-form. We can’t wait to launch your new app!

Fairfax, Virginia (release-news ) May 15, 2021 - HR Search & Rescue has recently released a new educational resource that focuses on explaining the importance of equal pay in the workplace for businesses. The new article is guided by the independent HR consultants at HR Search & Rescue who have extensive experience helping clients to enhance their HR processes and maximize efficiency. They have created this new article to help readers get a better understanding of why equal pay is so important for businesses.

HR Search & Rescue offers readers some valuable information regarding the importance of equal pay for businesses and how it can dramatically affect motivation and employee relationships. In the article, they go over some of the most important benefits that provisioning equal pay can bring businesses including how it sends a positive message about your organization's values, increases efficiency, and more. They also explain some of the risks it mitigates including expensive legal fees, lost productivity, strained employee relations, poor reputation, and more. The team at HR Search & Rescue hopes that this information will help readers get a better understanding of the extreme importance of equal pay measures.

While this new article focuses on explaining the details of the importance of equal pay, HR Search & Rescue's website provides readers with more information regarding their team, experience, as well as a full list of service offerings. HR Search & Rescue offers high-level consulting for both businesses and employees in areas such as HR compliance, workplace conflicts, equal pay, discipline and termination, toxic workplace environments, and more. Their team of HR experts understands that the modern workplace is full of unique challenges that employees and business owners may not understand how to solve. They always strive to help bring out the best in businesses by addressing the unique challenges each of their clients may face.

With the addition of this new article, the team at HR Search & Rescue hopes that readers will have a better understanding of the importance of equal pay and how it can be transformative for businesses. For more information, contact the HR consulting professionals at HR Search & Rescue today at 844-934-3293 or visit their website at https://hrsearchandrescue.com/. Their offices are located at 4023 Chain Bridge Road in Fairfax, VA 22030.

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Encino, CA, May 18, 2021 -- VDOSH, a Los Angeles-based venture capital firm, has announced its investment in MediGuru. MediGuru is a software platform that enables healthcare systems, provider networks, or payer networks to set up a telemedicine solution that could be customized and branded as part of their virtual care practice.

“At VDOSH, we understand the importance of making healthcare convenient and accessible for everyone. MediGuru specializes in implementing a custom telehealth solution for mid-size and group health medical practices that seamlessly integrates with their existing processes and these organizations without a large IT organization can focus on a seamless operation rather than force-fitting commercial video conferencing platforms into their practice. Our investment in this technology allows us to make a global impact in terms of putting cutting-edge technology into the hands of practitioners around the world,” says Managing Partner, Vishal Arora.
 
Virtual health is much more complex than just facilitating a video conference between healthcare provider and patient. Creating comprehensive workflow solutions that are healthcare specific, HIPPA-compliant and can seamlessly integrate with any EHR system is a distinguishing factor for this company. “MediGuru was purpose-built with workflows that were co-designed by care teams to integrate into an existing practice providing the same level of in-person experience. Our innovative solution is simple to use, offers a superior treatment experience that elevates a company's Care Outcomes while decreasing the cost to implement,” says CEO and founder, Siva Nagalingam.
 
COVID-19 accelerated telehealth adoption and usage. Even post-Covid, 35% of medical consultations are expected to be virtual. The future innovation in efficiency and quality of telemedicine platforms is key for success. Siva also shares, "We are very pleased to receive this early investment from VDOSH.  Our solution is technically comparable with some of the market leaders and is being evaluated and adopted by multiple organizations. There is a need to have a solution that is simple and integrates seamlessly with less customization, implementation, and operational costs. This capital will allow us focus on sales and business development resources to increase our adoption inside continental US.”
 
VDOSH is a venture capital firm, which gives investors the opportunity to invest in promising new startup companies alongside major players in the industry through VDOSH Fund. For its entrepreneurs, it provides an efficient funding process and instantaneous access to a well-established network of investors and influencers.
 
You can find more information on VDOSH at www.vdosh.com.