USV - International Economic Conferences, The 16th Economic International Conference

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A comparison of developments in virtual reality around the globe
Carsten Domann, Ian O’Donovan

Last modified: 2020-05-08

Abstract


This article intends to give readers an overview of the current developments across the globe in virtual reality technology in general terms as well as  in terms of the integration of virtual reality technology into business and education at all levels, but particularly at higher education level. For the purposes of comparison, this article analyses a group of four different regions, South Korea, USA, China & Japan, as well as looking at the situation in Europe. The article details the status quo in each region generally in relation to VR technology and the individual technologies adopted for education, the accompanying government policy and investment. The article also analyses public acceptance of the technology in education, integration of virtual reality into business and industry and what future developments are to be expected. The countries selected for analyses are based on the country market share of VR technologies and where the most advances are currently being made and serve as comparison to the situation in Europe. The article finishes with a set of conclusions on how the situation in Europe compares with the other regions in the study and where the opportunities for Europe lay.

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