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Immersions: Legal Realities in Nigeria's Virtual & Augmented Reality Entertainment Sector

Posted By: Admin | 07.January.2019 |
Globally, the growing trend in immersive media has given to research into Virtual and Augmented Reality (VAR) promotes near-life experience in entertainment - gaming, videos, etc., medicine, health, etc. Leading Technology Companies (TechCos) such as Alphabet, Microsoft, Facebook, Apple, etc. have contributed immensely to the development of various VAR products. After Facebook's acquisition of Oculus for US$2.1 billion in 2016, the social media giant has proceeded with incremental investment in more than eleven VAR entities. Whilst AR allows digital content to be layered over the real world (for example Pokemon GO!) using special glass; the image is superimposedon the scene to make it seem like the real world.

According 2to Markets and Markets' Report 2018, AR market is estimated to grow by 40.29% from US$11.14 billion in 2018 to US$60.55 billion in 2023 whilst the VR projected growth rate is 33.95%, from US$7.90 billion in 2018 to US$ 34.08 billion in 2023. These projections were hinged on increasing demand for AR devices in healthcare, retail and e-commerce, and rising investments in the AR market. More so, head-mounted displays in gaming and entertainment, advancement in technology and digitization including incremental investment are specks of a bourgeoning VR space.

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