The market for augmented and virtual reality is set to explode. In fact, a recent Digi-Capital report projects that AR and VR will combine to be a $108 billion market in the next five years. Market researcher IDC projects even great gains, estimating that worldwide revenue from VR and AR could grow from $6.1 billion in 2016 to $ 143.3 billion by 2020.
Augmented and virtual reality technologies have unique and interesting implications for talent development. For instance, augmented reality has the capability to provide embedded performance support that can assist workers on the job at their moment of need. Meanwhile, virtual reality offers an immersive environment that enables learners to improve skills and change behaviors through realistic practice.