Data Vault and HYPERVSN Launch Advanced Holographic Solution Amid Booming Market
October 29th, 2024 12:45 PM
By: Advos Staff Reporter
Data Vault Holdings and HYPERVSN have partnered to introduce DVHolo, a next-generation holographic product suite, as the global holographic display market is projected to reach $23 billion by 2032. This development comes as Data Vault prepares to sell its IP and IT assets to WiSA Technologies in a $210 million deal.
In a significant move within the rapidly expanding holographic market, Data Vault Holdings has unveiled DVHolo, a cutting-edge holographic product suite developed in collaboration with HYPERVSN. This launch coincides with Data Vault's impending $210 million asset sale to WiSA Technologies Inc. (NASDAQ: WISA), highlighting a strategic shift in the industry landscape.
DVHolo, powered by Data Vault's ADIO technology, promises to revolutionize advertising, signage, and live events by offering immersive real-time 3D holographic experiences. The product boasts impressive engagement metrics, with 40% longer viewing times and double the visibility compared to traditional 2D digital signage. HYPERVSN reports that holographic signage can potentially increase product sales by up to 40%.
The timing of DVHolo's introduction is crucial, as the global holographic display market is projected to reach $23 billion by 2032, growing at a compound annual growth rate of over 20% from 2024 to 2032. This growth is driven by advancements in laser technology, optics, and digital light processing, resulting in more realistic 3D images.
The partnership between Data Vault and HYPERVSN, which is backed by prominent investors including Sir Richard Branson and Mark Cuban, positions the companies to capitalize on the increasing demand for immersive digital experiences across various industries. DVHolo's ability to synchronize audio signals with 3D holographic visuals offers a fully immersive experience for advertising and live event broadcasting.
The impending acquisition of Data Vault's assets by WiSA Technologies is expected to create a larger, more dynamic entity with broad reach in multiple growing markets. Upon completion of the transaction, WiSA plans to license Datavault's technology across a range of industries, including sports and entertainment, events and venues, restaurants, and education.
As the holographic market continues to evolve, the introduction of DVHolo represents a significant step forward in meeting the demand for innovative digital experiences. The product's potential to increase engagement and sales, combined with its analytics capabilities, could make it a game-changer for businesses looking to enhance their marketing and communication strategies in an increasingly digital world.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,