ABI: Enterprise VR Training Services to Generate $6.3 billion in 2022

ABI Research predicts that the VR training market will generate $216 million in 2018 and grow to $6.3 billion in 2022. Khin Sandi Lynn, an industry analyst at ABI Research, said:

AAEAAQAAAAAAAAUMAAAAJDQ1ZDhmMjlmLTFiMWUtNDRiYy05OGY0LWU2MThjNTBlNGMxMw“In heavy industries, VR training prevents risks associated with training hazards such as safety of trainees in the dangerous work place or accidental damage of equipment. It can save time and money for the companies by providing realistic, hands-on experience to trainees without any work downtime. In fact, one of the world’s largest retailers, Walmart, is planning to deploy the technology in its 200 training centers by the end of 2017”.

ABI’s data shows that employers that have implemented VR-based training programs have seen time savings of up to 80%. The company forecasts that the enterprise VR training market will grow at a CAGR of 140% over the next five years.