impact of virtual reality on society Archives - TravelsFinders.Com ® http://travelsfinders.com/tag/impact-of-virtual-reality-on-society Sat, 04 Nov 2017 13:28:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 Increased Use of Virtual Spaces http://travelsfinders.com/increased-use-of-virtual-spaces.html http://travelsfinders.com/increased-use-of-virtual-spaces.html#respond Thu, 16 Nov 2017 13:54:00 +0000 http://travelsfinders.com/?p=247925 A third global mega-trend is increased use of virtual spaces. The use of ICT has altered lifestyles in many ways. An example is e-commerce, which is growing globally at close to 20 percent annually as consumers no longer rely on stores as their sole means of access to products. E-commerce is providing convenience, variety, and personalized shopping experiences that are changing the retail stores’ business models. Global online retail sales are projected to reach US $4.3 trillion by 2025, an increase from just US $0.55 trillion in 2011. In the US, the increased trend in e-commerce slowed retail foot traffic

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