VR and AR will increase UAE GDP by 1% and add € 4,1 billion to the economy by 2030

VR and AR will increase UAE GDP by 1% and add € 4,1 billion to the economy by 2030

Virtual reality (VR) and augmented reality (AR) are expected to contribute €4,1 billion to the UAE economy, a 1% increase in GDP by 2030, and will also have a significant impact. in employment in the country. According to a report by PwC Middle East, most of the contribution to the UAE economy will come from RA (€2.8 billion), with VR providing €1.3 billion. Furthermore, the technologies will benefit all industries, including the healthcare and retail sectors in the UAE, and create more than 40,000 jobs in the country. Last year, the UAE Ministry of Health and Prevention announced its intention to introduce VR rehabilitation into physiotherapy for stroke patients, patients with UAE 39 disorders, balance, and children with developmental disabilities, cerebral palsy, and Parkinson's syndrome. Dubai Water and Electricity (Dewa) and Dubai Customs integrate these technologies to transform the experience for their customers and employees, while Dewa engineers and technicians wear smart helmets and glasses to stay in touch fast. to make repairs Ali Al Hosseini, Chief Digital Officer at PwC Middle East, said the Middle East is at a crossroads today as it is undergoing a unique transformation and choosing the path of early adoption of technologies will have huge implications for business and the society. and the economy of the region as a whole. "No place illustrates this desire for innovation and openness to change better than the UAE." As AR and VR technology finally matures, we expect both to help boost the UAE's economy in a significant way – the technologies will improve how organizations function in the country and allow for a smooth transition. towards more efficient processes, and most important of all: educate people more effectively and create amazing user experiences," he said.

The health sector will be the largest contributor.

Globally, augmented reality and virtual reality are expected to contribute €1.5 billion to the global economy by 2030 and result in a significant increase in the current contribution to GDP of €46.4 billion worldwide. In both technologies, AR will continue to deliver the largest benefits to global GDP until 2030, accounting for €1 billion of the €1.5 billion. Finland (€7 billion), Germany (€103 billion) and the United Kingdom (€69,3 billion) are expected to experience the largest percentage increases in GDP by 2030 with contributions of 2.64%, 2.46% and 2.44 % respectively. The healthcare sector will increase global GDP by €350,9 billion, while the use of virtual reality and augmented reality in the retail and consumer sector will increase by €204 billion. developing dollars and products and services will increase global GDP by €359.4 billion by 2030. "Augmented reality and virtual reality are transforming the world we live in and we have only seen a fraction of what is possible. These technologies can deliver experiences like no other and they will grow businesses with the right adoption,” said Richard Boxshall, Senior Economist at PwC Middle East.