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The Virtual Worth of the Virtual Office

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As we said last week, we are approaching the age of the “Oculus Office.” However, before we start assuming that this is truly a powerful trend, we should know how much investment is already in “Virtual Tech” and Smart Buildings right? Well, the answer can be easily found, and may shock you.

 

According to Digi-Capital,  the projected revenue of the VT and AR (Augmented Reality) markets combined is $150 billion by the year 2020. That is an 80-20 split, as AR is $120 billion dollars of the revenue. Still, that means Virtual is more likely than not to be a $30 billion industry. Of those technologies, a very large portion is going into commerce applications. Check it out below.

 

 

 

 

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So what about “smart-buildings,” are they projected to have massive market gains like virtual technologies? The answer: smart buildings are gaining much more momentum than virtual/augmented tech.

 

via PR Newswire:

“According to a new market research report Smart Building Market by Building Automation System (Physical Security, BEMS, Building Communication, Parking Management, Plumbing & Water Management, Elevators & Escalators Management), by Application & by Region - Global Forecast to 2020, published by MarketsandMarkets, the global Smart Building Market will grow from $7260.0 Million in 2015 to $36398.7 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 38.0%.”

 

If you want to try and count the zeroes, you’re going to have a long day. The major takeaway one needs from both of these trends: with these two industries growing at such a high rate, the applications of virtual integration with smart buildings appears to be more and more relevant. Our current society lives, eats, and breathes integrated services, such as Google Apps, Microsoft Office, Adobe CC, and other productivity platforms.

 

So when you pair a smart building, with applications that give the saying “Beam me in Scotty” validity, facility managers, and professionals in all fields need to start paying attention. You’re going to have to make sure that you have the tools that can tackle the goldmine that is the “Oculus Office,” or you’ll be having trouble putting on that headset.

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