Augmented Reality in 2023: Predictions for the future of Immersive Technology

Innovative technologies hold immense power to bridge the gap between Fiction and Reality. When leveraged appropriately, businesses can utilize them and offer an immersive experience to their customers, and Augmented reality services help exactly with that. Well, this technology is exciting, popular, ruling, and has already laid its strong foundation in the market.

The Augmented Reality marketplace, which stood at $2.8 Billion in 2019, is projected to leap to $60 billion this year and $100 Billion by 2024. A part of this rise in AR popularity came from the effects of the pandemic that pushed the masses to internet shopping. More and more organizations began to invest in Augmented Reality. You may have only known AR through applications like Pokemon Go and Snapchat, but the world is moving at a faster speed with this technological adoption. If you are an entrepreneur, these predictions will help give you an idea of where AR technology stands, how businesses can benefit from it, and you too.

Why You Shouldn’t Ignore the Potential of Augmented Reality in Gaming

Mobile   AR   is  on  the  rise:

Do you know the best thing about AR? It doesn’t always demand special equipment and can be easily integrated with the help of apps and the web, meaning mobile users can easily use and appreciate AR. The extensive usage of smartphones & tablets and added functions through apps and the web are the prime contributors to ARs market growth. In the upcoming years, one can see the popularity of everyday devices delivering unique AR experiences. From geo-location & navigation to entertainment and trying products & services, one can experience these through mobile screens.

Besides, mobile AR can provide consumers with a more immersive shopping experience. As per research conducted in 2022, it is expected that approximately 1+ Billion users will be using AR-enabled smartphones, much more than observed in 2019, which was 0.44 million. As a result, we are likely to see more and more brands leveraging AR mobile-centric marketing and sales campaigns as part of their promotional strategy. That means app developers will likely shift their focus and efforts to this technology and more AR-powered content and applications will be presented in 2023 and the coming years.

Immersive Augmented Reality in Retail through Mobile and Web (WebAR):

WebAR is a modern and engaging approach to advertising. WebAR allows users to experience AR right through their smartphones and camera. With WebAR, users can visualize any object in a 3D format, making it an immersive experience. It’s one of the most engaging ways to attract Internet users. Many businesses have already started using it for their products, but WebAR hasn’t yet reached its true potential. In 2023 one can observe its adaptation to a large extent. If you are a business, it is highly suggested that you advance your user journey through  AR VR service providers and make it more memorable for your customers. From offering live streaming shopping to trying on solutions before purchasing, you can also benefit from AR solutions such as increased customer convenience, brand awareness, client retention, reduced staffing costs, and maximized returns.

Schedule a call to know more about Augmented Reality Applications and the cost to create the App.

    Augmented Reality and Artificial Intelligence Integration:

    When one or more technologies meet, they are bound to create an impact. AI and AR are examples of technologies that can give users unique experiences. While AR produces a 3D representation of the world and uses visual data to create maps that track movement within it, AI enhances the AR experiences in terms of functionality. As a result, they will help bring forth opportunities one can’t imagine otherwise, like real-time face swapping through the phone, etc. Additionally, the progressive utilization of AI and AR will benefit the enterprise by streamlining the process. Error handling, efficient assembling, and enhancing the manufacturing processes can easily be achieved through AI-assisted AR and Virtual Reality Services . In upcoming years, this combined technology will help businesses scale and get desired benefits in terms of productivity, training, and execution.

    AR in the Manufacturing Sector:

    Like other sectors, the utilization of AR here is expected to grow. 2023 will be the year wherein the companies will be going to focus on transforming themselves digitally, and AR will be the most powerful tool for this move. Not just because of its appreciative numbers and impressive worth but how implementing AR can make the manufacturing process better and more efficient. Augmented Reality presents many purposes. From product designing to efficiency and overseeing process & staff training, it’s like having a digital eye taking care of all the manufacturing processes in the industry.

    What the future holds for AR and VR Technology?

    AR   and   the   metaverse:

    The metaverse is the future of the internet that can seamlessly merge both physical and digital worlds. Metaverse allows digital representations of people and things to connect in various settings, such as home, office, or an event. In the metaverse, NFTs (Non-fungible tokens) hold immense value in terms of how to be there and own. NFTs are essentially unique digital assets that represent the ownership of certain things. That can include digital artworks, limited edition bags, shoes, and even land. Some everyday digital activities through this technology that can be done are shopping, education, social networking, etc. All will likely use AR NFTs to give users a fully immersive experience by allowing them to perceive digital objects in their surroundings.

    Many popular brands have collaborated with AR VR solution providers and started experimenting with NFTs. Some big names, including Louis Vuitton, Dolce & Gabbana, and sportswear companies, have tipped their toes in the AR-enabled NFT arena and proved its importance in creating awareness, promoting campaigns, and driving sales. In the coming years, we can expect more brands to launch their NFTs in 2023 and metaverse and NFTs being the critical aspects of AR.

    The future of AR is here and kicking. In the upcoming years, the augmented reality concept will continue to transform businesses and industries on digital platforms. The user-centric approach is one of the reasons that will boost its adoption in various fields of life. It’s just a matter of time to notice how big AR will come forward. For businesses, it makes sense to look for Augmented Reality services to incorporate into their operations and enjoy the benefit in terms of making their business thrive and staying ahead of the competition curve.