Expected to be worth more than $80 billion by 2025, the virtual reality (VR) marketplace is exploding in nordic nations, especially in countries such as Sweden which have already become powerhouses in the gaming industry. Better, more efficient collaboration between remote game developers is one of the key reasons virtual reality is taking off in Northern Europe.
Patric Palm, chief executive officer and co-founder of Favro, a new Swedish-based collaboration and project management solution that is widely used in the VR-industry, discussed with Information Age what was behind this nordic VR revolution.
Why is VR growing so quickly in Northern Europe, specifically Sweden?
The Nordics have a history of mastering new technology in the games space.
VR is the new frontier and many developers in the north are attracted by the technological challenges and business opportunities of this virgin ground.
What business and commercial applications does VR have?
VR will be a lot about games. But 360 video and educational applications will also be important for the success of VR.In China we are already seeing VR arcade halls and maybe we will see this in the West as well.