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It is an umbrella term for all immersive technologies including augmented reality (AR), virtual reality (VR), and mixed reality (MR), and those yet to be developed. XR has a wide range of applications, from gaming and entertainment to education and training. Revenue in the AR & VR market is projected to reach US$31.12bn in 2023.
CG Spectrum Institute (CGSI) has launched three accredited creative courses for the film and games industry: Animation & VFX , Digital Art , and Game Development , which can be pursued as bachelor’s degrees or diplomas. trillion, with an almost 20% growth projected by 2027 (source: Statistica ).
.” Layoffs and losses Just last week , Reuters reported how gaming giant Tencent is reversing a plan – initiated less than a year ago – to invest heavily in metaverse and VR development. billion from 2022 to 2027” at an annual growth rate of around nine percent. billion in the past year.
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