Future of VR in India:
The number of Internet users in India has risen from 30 million in 2011 to a whopping 700 million in 2021. Along with the growing awareness of AR/VR tech and the improved ease of doing business in the country, state-sponsored digital drives are setting the scene for investors and innovators to take a leap. There are presently 250 AR/VR startups in the country, with many more on the way. Their offerings span a variety of sectors, with proptech, edutech and virtual conferencing being prominent amongst them.
In the virtual events & conferencing space, especially, offerings like NextMeet are filling the gap created by video conferencing tools. By completing the immersive experience of a VR-compatible 3D platform with spatial audio and avatar-based UI, these mass-market offerings are a great example of how a fertile startup ecosystem will drive user-centric innovation across domains.
Just as competition grows in the market, state governments too are working towards establishing themselves as frontrunners of the AR/VR revolution. These trends are shifting the power back in the hands of the consumer, bringing forth new options and opportunities with every passing day. All said, it is an exciting time to be an ARVR enthusiast in India.
