Silicon Valley company The Venture Reality Fund (The VR Fund) monitors the landscape of Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR). In collaboration with software development company LucidWeb, The VR Fund has released its biennial report on the VR landscape in Europe: the document analyses the activities of 487 companies using facilities, tools, platforms and apps which work thanks to Virtual Reality.
According to the report, the VR landscape in Europe has impressively increased: the number of companies concerned has increased by 57% in the second half of 2016. The United Kingdom continues to be the European leader, followed by France and Sweden. Videogaming is the most competitive sector at present with 29 companies involved, while those using VR in interaction with the human body have increased too.
Tipatat Chennavasin, co-founder at The VR Fund, and Leen Segers, CEO at LucidWeb, commented on the results: “This growth shows an emerging innovation from virtually every country in Europe. Young start-ups have easy access to capital, while major companies like Facebook and Microsoft are starting to acquire the most mature companies”.
