In Frank Baum’s short fiction “The Master Key,” a notion was originally explored 100 years ago. Today’s market for augmented reality (AR) and virtual reality (VR) is worth USD 12 billion. According to Goldman Sachs research, it will reach USD 80 billion by 2025. Despite the fact that the two forms are referred to as a single sector, VR, which immerses the user in an alternate reality, presently dominates the market with a 75% share of usage. This is owing to the fact that augmented reality, which enhances existing reality, necessitates more advanced technology. AR is predicted to take the lead once this hurdle is overcome in the near future.
Multiple businesses, including video games, live events, video entertainment, healthcare, retail, real estate, education, military services, and engineering, are already feeling the excitement generated by this technology and its ability to revolutionise the way we experience the world. The impact of AR and VR on customer buying is enormous as companies use them to provide customers with a better experience with products and services.
Simplifying Processes & Expanding Reach
Today’s business development is disrupted by technology. Though we’ve become accustomed to it, we are aware of a basic truth: if you’re not part of the solution. you know what we mean, right? Do you want to be a part of the evolution and get the benefits of current technology? Consider how virtual reality technologies might benefit your company. Making timely decisions is essential to your company’s success.