Augmented Reality is a real-time experience wherein real world objects are enhanced by computer-related perceptual information in the form of audio, video or other modalities. Leading apps like JoeHindy, DoodleLens and games like Pokemon Go are considered to have gained immense popularity due to the feature of augmented reality. With the increasing usage of Augmented Reality in various industries, the future of Augmented Reality looks promising indeed. Here are a few statistics, trends and predictions we make which highlight the tremendous success of Augmented Reality at present and in the near future. Game App Studio masters in Augmented Reality App Development with more than half a decade of experience in building and designing AR based apps with the best possible solutions.
Augmented Reality – Statistics, Trends and a Bright Future
- According to Statista, the Augmented Reality market enjoyed a $4.21 billion market in 2017.
- Augmented Reality is all set to overtake the Virtual Reality market revenue by the end of 2020.
- The forecast shipments of headsets using augmented reality stand at 31.9 million by 2023.
- The number of users that would use Augmented Reality via their smartphones is expected to surge to a massive 3.5 billion by 2022.
- The Augmented Reality market revenue may sum over $60 billion by 2023 – an exponential rise.
Our Predictions – Impact of Ar
Being a growing market and an optimal solution, the following are a few sectors in which we predict the impact of Augmented Reality would be the most significant:
The Smartphone Revolution
With a rise in digitalization, smartphones have become an utmost necessity. With their rising usage, smartphones are predicted to become the primary devices for augmented reality. The phone cameras might have a drastic change and use high quality augmented and virtual reality. Apple’s new AR kit and Google’s AR already supports camera phones through API. Thus, it is highly likely that the popularity of AR will successfully take on the mobile industry.
Work Environment Transformation
Augmented Reality can certainly offer more productivity for industrial work like factories and godowns by making them efficient in managing mishaps. AR also provides immense security and makes dealing with unfortunate incidents a lot more easier. The recent announcement of Jio Glass is also a proof of how successfully augmented reality may be implemented in the workplace and increase the ease of employees.
The inclusion of augmented reality can make online purchase all the more easier. That’s because AR enables virtually trying, experimenting and viewing products in a three-dimensional space. For example, a customer would be able to virtually try out their favourite clothes virtually through a real life 3-D simulation. Wouldn’t that be amazing? This is applicable to all kinds of e-commerce markets and increases the reliability of e-commerce usage.
Ease of Production and Designing
There are some leading companies who are optimally using the feature of augmented reality to build and design multiple products. The additional benefit is that it is actually extremely cost saving for producers to use the tool for redesigning existing products. The holistic nature of augmented reality further results in a minimal number of employees. This increases profits for organizations. Ford made the use of this tool to design one of its cars as well. So, it is highly likely to take over the automobile market and similar industries as well.
Just like product designing, Augmented Reality may lead to serious architectural developments in the near future. With Augmented Reality at hand, explaining the building layouts becomes exponentially simpler. The architects would finally be able to virtually demonstrate the end result of building the infrastructure in three-dimensional space much before it even begins to get implemented.
This sector already has an extensive and prominent use of the said technology in pathological testing and other medical procedures. This helps the personnel to acquire detailed information and clarity and stands as one of the most important implementations of the technology. Augmented Reality is further expected to aid various medical processes like scans, X-rays, practicing surgeries and a lot more by connecting doctors, nurses and trainees to a productive digital data.
Entertainment Festivals and Concerts
The use of Augmented Reality is expected to transform the music festival experience completely. With an Augmented Reality tool offering a real time map of the entire arena, assisting them to nearest counters and a virtual-real simulation of tickets, prizes and food, AR is set to make event organisation smooth and the festival experience even better.
Evolution of Esports and Gaming
With the most popular games adopting augmented reality as their prime feature to give gamers a real world virtual experience, it is certain that the future will see a majority of the leading games will incorporate AR. This may make the gaming and esports industry heavily dependent on Augmented Reality. The quality of augmented reality in the game may decide the credibility of the same in near future.
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- Optimal Augmented Reality Based Solutions,
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- 7+ years industry experience
- Latest tools and technologies in the market,
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- Testing and maintenance facilities
For further information regarding Augmented Reality and our services, kindly check our page on Augmented Reality Development.