Is VR Application Development Costly? Here’s A Brief Intake

1. Is VR Application Development Costly? Here’s A Brief Intake Devices like Oculus Rift, HTC Vive, and Gear VR have taken the digital market by storm. These VR devices are the next generation stuff that has made an outrageous impact in the digital market arena. As of now, VR app development is no longer a mere novelty, with no hopes of making a decent living on its own. VR plays a vital role in mobile game app development. Apart from the gaming industry, there are many other industries where virtual reality is proving it's worth including, healthcare, education, e- commerce, specialized training, sports, military, and many more. Many people are not inclined towards using VR apps for their business and mobile app development companies. This may be because of the lack of technical knowledge or due to the cost. Yes, the initial cost of Virtual reality is rather steep, but can significantly reduce the cost of your business by providing virtual spaces without

2. any need to recreate them in the physical world or traveling to the actual sites. In this comprehension, we will discuss the factors that affect the development cost of VR apps. Factors affecting VR development cost According to a study conducted by Ciston PR Newswire, “The global market for AR and VR is segmented is expected to reach USD 571.42 billion by the year 2025. If we talk about the global market for VR, it is also witnessing exponential growth and has raised the bar from the last year comprehensively. Below are some of the main reasons that have affected the growth of VR app development, The retail and marketing VR market is expected to touch $0.805 billion in 2020. It will be around $1.79 billion in the year 2022, as reported by Statista. It is anticipated that the overall market for VR will likely grow up to $44.7 billion in 2024. The forecast is somewhat close to reality. According to MarketsandMarkets, the global VR market will grow from $7.9 billion in 2018 to $53.6 billion in 2025 translating 37.6% CAGR. Now, let us discuss the factors responsible for VR development, Content and Software It is said that the major section of the development budget will get allocated to content and software development. In terms of budget, it is vital to consider software and content together. This is because,

3. the more the complex budget is, the more complex the software is required to be. Therefore, whether you create an interactive VR app, a 3D environment, or a VR game, the decision of content always affects the interface and cohesively, both affect the development cost of the VR mobile apps. Research and development Perhaps, the most imminent part of mobile game app development and also VR app development. Whatever app you are creating, proper research is always the first step in the right direction. The research and development part is not only costly but also consumes time. At each project phase, developers need to stop and explore the best methods to implement a feature or function. If these features and functions are common, then a good developer will easily code them from memory. The cutting-edge capabilities implementation is rarely straightforward. Therefore, it requires trial and error which is a prominent factor in mobile application development. Platforms After content and R&D, the platform is the next thing that impacts on the development cost of VR apps. Different apps have different time and cost factors involved. For games, it would be different, whereas, for other packages like Oculus Rift, HTC Vive, etc. the platforms will be different.

4. Inherent features Business firms hire flutter app developers to design iOS apps via a different framework. When it comes to VR apps, several features exist apart from the content. Rating systems, user privacy are examples of the add-on that are good enough to impacts the development cost. Third-party integrations Some of the VR projects get benefitted from capabilities that aren’t native to the development platform. This process could be costly. However, with so many plugins available for the inclusion of VR in mobile apps and games, the VR app design could be interestingly effective and cost-efficient. Project management Many app development companies and professionals use Agile methodology for VR app development. With Agile, the projects are developed with transparency and flexibility. Apart from delivering high-quality products, it also provides customer satisfaction and at the same time, reduces the cost through less or no management overhead and less rework. If someone hires a developer who uses old methodologies, the cost of development will be on the higher side and may result in a poorly managed project. Time to wrap up: Your business may benefit by using VR technology. Both your business and Virtual reality should be in the same universe. Your business should leverage the use of VR

5. technology that can also aid in gaining more users and improve their performance. Talking about the current cost scenario, charges in the US and Canada for VR app development ranges between $50 to $250 per hour. However, the numbers decline in India, ranging between $5- $50 per hour.