Virtual Reality in Small and Medium-Sized Enterprises: A Systematic Literature Review

The industry is currently operating in the fourth industrial revolution, also called Industry 4.0, the central element of which is the digitization of companies. One promising implementation of Industry 4.0 is the use of virtual reality (VR). Due to its development in terms of better affordability and accessibility in recent years, VR has gained increasing popularity. This creates new opportunities especially for small and medium-sized enterprises (SMEs) to use VR to boost business and optimize their product development and processes. In this paper, we aim to identify the potentials and challenges of using VR in SMEs by means of a systematic literature review. Therefore, we focus on analyzing the current state of the art, including use cases, used technology, opportunities, and challenges faced by the companies.

Automated summary

By conducting a systematic literature review, this paper aims to identify the potentials and challenges of using virtual reality in SMEs. The development of Industry 4.0 has created new opportunities for SMEs to leverage virtual reality, but they also face challenges in terms of technology and economic feasibility.