With AR technology evolving its potential with every passing second, a lot of businesses are adopting this tech to witness jolting transformations in their process. And if you are also looking forward to do the same then make sure you check out all the stats mentioned below:
1. AR market would generate $70 to $75 billion of revenue by the year 2023
Because of the ease to access augmented reality in smartphones, this tech is expected to reach a huge number of users with a short span of time. There are multiple promising devices coming up, in spite of the fact that smartphones technology has yet not been able to dominate the market. But the introduction of different gadgets would definitely be a cornerstone for future development to come.
If we look into the predictions, then the combined efforts of smartglasses and mobile AR devices could rise up to two and a half billion units by 2023. This would surely create several opportunities, for an innovative AR app to get into the business. In a short period of time, AR would transform from being a novelty technology to being an integral part of the user.
It would become part and parcel of your life.
2. Almost 75% of the population aged between 16 to 44 know about AR
The entire world is not aware of AR technology, and that is the problem that everyone in the business is facing. On one hand, the world is going ga-ga about the virtual reality, AR is somewhere lacking that level of popularity.
On the whole, almost 90 percent of the users in the UK and US have proper knowledge about VR, but only 65 percent know about AR. Of course, the younger generation is well versed with the concepts, but almost half of the people aged 55 to 64 didn’t know about it.
3. Almost 90% of the mid-size company is using AR
There is a huge chunk of companies for which the AR paves the doorway to unmatchable success. It presents great opportunities in terms of marketing and user experience. Stats show that this tech would break all its limitations and reach its zenith in no time.
If you need a better plan and want to work with AR technology then reach out to professionals at Techugo today for more information.
