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Some interesting market segment and fact regards augmented reality

Today augmented reality change the way of business.If you still not integrate augmented reality technology in your business mobile application then I show you some important data and by that, you decide what you do next?

Edward Teller - "Science of today is the technology of tomorrow". Today people are live in the age of technology. Technology is rolls over you and we are changing the world of technology. Today we are doing everything in our life with technology. Let some brainstorming with how I used technology in my life.

For wake up I used mobile application that notify me when to wake up. (Technology used - mobile)

For making tea I am using electrical kettle. (Technology used - electrical kettle)

For go to office I used my car. (Technology used - car)

I am travel in plane. (Technology used - Plan)

Even each and everything what I do in my regular life for that I am using at least one technology per task i.e. my all task is depends on technology except one or two. Even you are also belong to my category.

Have you think that if we are not using technology so how our life was, is and will. Even think about that and ask yourself that can you live without technology?

Please I personally force you to look at below quote.

Now let’s talk about one my favorite innovation on technology i.e Augmented Reality.

Augmented Reality (AR) is technology that allow to integrate physical environment with digital data and information and feel same as real data and time. In fact Augmented Reality addition of sound, motion effect and other stuff make more augmented Reality mobile application more natural and real.AR have power to combine images, motion, effect, sound, animation using camera on mobile device or by some special headgears.

AR technology is become more popular after successful launch Pokémon Go. Pokémon Go is one of the leading gamming app and it is one of the best example of Augmented Reality.

Today Augmented Reality is used in various industry such as public safety, tourism, healthcare, real estate, gamming, marketing and much more industry.

Please keep in mind that AR and VR both are different. VR create virtual artificial environment where as AR is used existence environment and make such changes by adding extra things such as animation, sound, effect, motion and many stuff.

Today Augmented Reality Mobile App Development increase day by day. According to Statista - Around in 2020 business get three time more revenue from augmented reality. On the same year itself the shipping of augmented reality devices is reached to 64.8 million units for projects in Augmented Reality.

So let’s start some interesting market segment and fact regards Augmented Reality provided by Statista -

Project from 2016 to 2020 in Augmented Reality economics impact across the globe in billion U.S. dollars -

[Adoption meaning people or society who start to follow new technology and new innovation during some specific period of time]

Report of 2016 -

• Low Adoption - 0.9 billion

• Medium Adoption - 2.5 billion

• High Adoption - 3.1 billion

Report of 2017 -

• Low Adoption - 1.6 billion

• Medium Adoption - 4.2 billion

• High Adoption - 7.1 billion

Report of 2018 -

• Low Adoption - 2.5 billion

• Medium Adoption - 6.7 billion

• High Adoption - 12.6 billion

Report of 2019 -

• Low Adoption - 3.8 billion

• Medium Adoption - 10.4 billion

• High Adoption - 19.7 billion

Report of 2020 -

• Low Adoption - 5.8 billion

• Medium Adoption - 15.6 billion

• High Adoption - 29.5 billion

Market size of Augmented Reality in the globe from 2016 to 2021 in billions U.S. dollars

• Report of 2016 – market size of augmented reality is 6.1 billion U.S. dollars.

• Report of 2017 - market size of augmented reality is 11.4 billion U.S. dollars.

• Report of 2020 - market size of augmented reality is 143.3 billion U.S. dollars.

• Report of 2021 - market size of augmented reality is 215 billion U.S. dollars.

Market size of Augmented Reality in different industry by 2020 and 2025 in billion U.S. dollars

Education Industry -

• Report of 2020 - market size of augmented reality is 0.3 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 0.7 billion U.S. dollars.

Military Industry -

• Report of 2020 - market size of augmented reality is 0.5 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 1.4 billion U.S. dollars.

Retail Industry -

• Report of 2020 - market size of augmented reality is 0.5 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 1.6 billion U.S. dollars.

Real Estate Industry -

• Report of 2020 - market size of augmented reality is 0.8 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 2.6 billion U.S. dollars.

Video Entertainment Industry -

• Report of 2020 - market size of augmented reality is 0.8 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 3.2 billion U.S. dollars.

Live Events Industry -

• Report of 2020 - market size of augmented reality is 0.8 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 4.1 billion U.S. dollars.

Engineering Industry -

• Report of 2020 - market size of augmented reality is 1.5 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 4.7 billion U.S. dollars.

Healthcare Industry -

• Report of 2020 - market size of augmented reality is 1.2 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 5.1 billion U.S. dollars.

Gaming Industry including new technology video game -

• Report of 2020 - market size of augmented reality is 6.9 billion U.S. dollars.

• Report of 2025 - market size of augmented reality is 11.6 billion U.S. dollars.

Augmented Reality headset shipment in million and revenue in billions in U.S. dollars by 2016 and 2021 

Shipment of augmented reality headset

• 0.1m unit in 2016

• 27.3m unit in 2021

Revenue from augmented reality generated by business

• 0.2 billion U.S. dollars in 2016

• 48.7 billion U.S. dollars in 2021

So by this data you understand how Augmented Reality market in current scenario and what the trends in future. Even we see how business accepted augmented reality for give something extra and innovative to their customer. Remember people are like things that innovative and something different from other and if you are provide that by augmented reality so there is no doubt that you chose wrong way.

Hence if you still not have mobile application with augmented reality cool features than I recommended to you make mobile application and if you stick with confusion about how you develop that then your confusion now solved in next few seconds. You don't care about learn augmented reality feature, implementation or any programming knowledge. You just hire a best mobile app development company and that it is, your work is almost done Because each and everything regards mobile app development and integrate augmented reality feature is care by app development company you just need to pay standard amount require to develop application. Not only help app development company to launch mobile application but instead of that they develop mobile application and even help to grow your business too. Just need to care about is hire a best mobile app development partner that it is.

Conclusion -

Augmented Reality is current and future trends and many business is accepted already but still business are lacking in this field so before any of your competitor are bit you by this trend acceptance it is highly best opportunity for business to start augmented reality implementation in your business by making mobile application with augmented reality features. Today technology is increase and those business who still live with new innovation, technology and trends always get first preference of customer in their industry field. So i only want to say that augmented reality is best option to be adopt by business and i truly realize and you have too without late.

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Rahim Makhani is CEO&Founder at Auxano Global Services.Rahim Makhani's passion for learning about new technlogies and writing article on it.Over the recent past, he contributed articles to several niche industry blogs. he understand the need for unique and well-researched content. And he is also very passionate about any topic or subject that he write about.

Stories by Rahim Makhani