Connect with us

Technology

Virtual and Augmented Reality: The Players and the Game

Published

on

Virtual and Augmented Reality: The Players and the Game

Virtual and Augmented Reality: The Players and the Game

Virtual reality has been exiled to the dreaded trough of disillusionment for years, but it is finally on the path to escape. Products such as Oculus Rift and the HTC Vive are continuously wowing both users and investors, and these technologies will clearly play a significant role in the future of movies and gaming.

Despite this emergence, it is another related technology that has shown even more potential. The market for augmented reality will be worth 3x as much as the market for virtual reality in the coming years, according to a recently updated estimate from AR/VR advisory firm Digi-Capital.

What’s the difference between the two?

Virtual reality offers a closed and fully immersive experience for users inside a virtual world.

Augmented reality offers an open and partly immersive experience that makes virtual elements visible in the real world.

Augmented Reality and Virtual Reality market size

The Players

While devices such as smartphones can offer some basic aspects of augmented or virtual reality, there are now several companies in both fields that are on the verge of bringing game-changing products to the mass market.

Facebook made an early bet buy purchasing Oculus Rift for $2 billion in 2014, which is now considered the leader in virtual reality. Phone and game console manufactures have also anted up with Sony, HTC, and Samsung all actively developing products in the ecosystem.

On the augmented side, it’s the Google-backed Magic Leap as well as the Microsoft’s HoloLens that are considered key players for hardware. Apple has also acquired AR software maker Metaio, but has kept plans under wraps.

Aside from the big companies involved, there are also plenty of smaller startups in virtual and augmented reality. CB Insights has created a list of venture capital investments, sorted by firm, in these technologies: (click to expand)

The most active VR and AR Investors 2011-2015

What’s Ahead in 2016?

This year is expected to be a big one for virtual and augmented reality technologies. The TED Conference in Vancouver, BC was littered with VR/AR experiences, and the technology has become the primary focus of the CES event in Las Vegas.

Oculus Rift, HTC Vive, and Sony are expected to bring early VR headsets to market. Meanwhile, the low-cost Google Cardboard will continue to whet everyone’s appetite for more immersive virtual reality experiences in the meantime.

The mystery surrounding Magic Leap will continue to grow, and many expect a reveal from the secretive Florida startup in 2016. The sleeping giants, Apple and Amazon, could also wake up this year after keeping their VR and AR efforts highly-veiled thus far.

Original graphics by: Manatt Digital Media, CB Insights

Click for Comments

Technology

Ranked: The Top Startup Cities Around the World

Here are the global startup ecosystem rankings, highlighting the scale and maturity of major tech hubs worldwide.

Published

on

This bar chart shows the top startup ecosystems in the world in 2024.

The Top Startup Cities Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

A richly connected network of founders, venture capital firms, and tech talent are some of the key ingredients driving a startup ecosystem.

As engines of growth, these tech clusters are evolving on a global scale. While the world’s leading startup cities are concentrated in America, several ecosystems, such as Beijing and Seoul, are growing in prominence as countries focus on technological advancement to spur innovation.

This graphic shows the best startup cities worldwide, based on data from Pitchbook.

The Global Startup Ecosystem Rankings

To determine the rankings, each city was analyzed based on the scale and maturity of their startup ecosystem over a six-year period ending in the second quarter of 2023.

Among the inputs analyzed and used to calculate the overall development score were fundraising activity, venture capital deals, and exit value:

RankCityDevelopment ScoreCapital RaisedDeal CountExit Value
1🇺🇸 San Francisco90$427.6B19,898$766.3B
2🇺🇸 New York76$179.9B13,594$171.7B
3🇨🇳 Beijing76$161.2B8,835$279.2B
4🇨🇳 Shanghai73$130.3B7,422$186.8B
5🇺🇸 Los Angeles71$144.6B9,781$181.4B
6🇺🇸 Boston70$117.0B6,044$172.8B
7🇬🇧 London64$99.0B11,533$71.9B
8🇨🇳 Shenzhen63$46.4B5,020$66.3B
9🇰🇷 Seoul61$31.1B6,196$71.0B
10🇯🇵 Tokyo60$26.2B5,590$28.0B
11🇨🇳 Hangzhou59$50.7B3,361$88.7B
12🇺🇸 Washington D.C.55$43.7B2,706$28.2B
13🇺🇸 Seattle54$31.7B2,693$35.6B
14🇸🇬 Singapore52$45.7B4,507$38.0B
15🇺🇸 San Diego52$33.5B2,023$44.7B
16🇺🇸 Austin52$26.4B2,636$22.9B
17🇨🇳 Guangzhou52$24.7B1,700$24.0B
18🇮🇱 Tel Aviv51$21.0B1,936$32.2B
19🇺🇸 Denver51$26.8B2,489$29.9B
20🇩🇪 Berlin50$31.2B2,469$15.9B

San Francisco dominates the pack, with $427.6 billion in capital raised over the six-year period.

Despite a challenging funding environment, nearly 20,000 deals closed, highlighting its outsized role in launching tech startups. Both OpenAI and rival Anthropic are headquartered in the city, thanks to its broad pool of tech talent and venture capital firms. Overall, 11,812 startups were based in the San Francisco Bay Area in 2023, equal to about 20% of startups in America.

Falling next in line is New York City, which raised $179.9 billion over the same time period. Crypto firm Gemini and machine learning company, Hugging Face, are two examples of startups based in the city.

As the top-ranking hub outside of America, Beijing is home to TikTok’s parent company, ByteDance, which is one of the most valuable private companies in the world.

In recent years, much of the startup funding in China is being driven by government-backed funds. In particular, these funds are focusing heavily on “hard tech” such as semiconductor-makers and electric vehicle companies that align with the government’s strategic long-term goals.

Another leading tech hub, Singapore, has the highest venture capital funding per capita worldwide. In 2023, this was equal to an impressive $1,060 in venture funding per person. By comparison, venture funding was $345 per person in the U.S., the second-highest globally.

Continue Reading
Voronoi, the app by Visual Capitalist. Where data tells the story. Download on App Store or Google Play

Subscribe

Popular