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Augmented Reality Virtual Reality Market Analysis

ID: MRFR//5419-CR | 94 Pages | Author: Ankit Gupta| July 2019

In-depth Analysis of Augmented Reality Virtual Reality Market Industry Landscape

5G and WebVR: Catalyzing the Augmented and Virtual Reality Revolution

The advent of 5G technology and the rise of WebVR are ushering in a new era for augmented reality (AR) and virtual reality (VR), significantly impacting the way users interact with immersive content on their devices. Both AR and VR experiences, with a spotlight on the transformative potential of 5G and WebVR, are poised to redefine the landscape of mobile apps and revolutionize user engagement.

One of the key drivers shaping the future of AR and VR is the impending widespread availability of 5G connectivity. As 5G networks become more prevalent and accessible on a broader range of mobile and Internet devices, the limitations that AR and VR have historically faced are expected to diminish. The virtual picture creation, processing demands, and high data transport requirements inherent to AR and VR, especially in the case of VR, are challenges that 5G aims to overcome. The increased data transfer speeds and reduced latency of 5G networks promise to elevate the overall AR and VR experience, enabling users to seamlessly access and engage with immersive content.

Moreover, the fusion of 5G technology with mobile apps is set to play a pivotal role in shaping the future of AR and VR. Users can continue to download AR and VR content for their smartphones from platforms like Google Play and Oculus, especially for mobile devices equipped with AR capabilities. This symbiotic relationship between 5G and mobile apps creates a dynamic ecosystem where the delivery of high-quality AR and VR experiences becomes more fluid and responsive.

WebVR, another transformative force in the AR and VR landscape, is already making waves by eliminating barriers to adoption. One of the significant advantages of WebVR is its ability to eradicate the need for users to download native apps onto their computers or mobile devices for consuming VR and AR content. This is achieved by enabling users of popular web browsers such as Google Chrome and Mozilla Firefox to experience immersive content directly through the browser. WebVR not only simplifies the user experience but also widens the accessibility of AR and VR content, making it more inclusive and user-friendly.

The retail sector is one domain where AR, powered by mobile apps, is creating a virtual revolution. Augmented reality mobile apps enable customers to simulate actual-sized products in virtual trial rooms, providing a virtual in-store experience. This innovation allows consumers to visualize how products will fit or look in their real-world surroundings before making a purchase. This level of interactivity enhances the online shopping experience and mitigates some of the challenges associated with purchasing items without physically trying them.
In the realm of education, AR is proving to be a transformative tool. Location-based AR apps leverage geolocation data in mobile phones to deliver information about specific locations, enhancing users' understanding of their surroundings. This approach allows users to physically interact with the world while utilizing an augmented overlay. In educational settings, tutors can leverage AR to present virtual images or animations, creating an immersive and engaging learning experience for their students. Applications like ZooBurst and Chromville Science exemplify how AR can be harnessed to revolutionize education.

The synergy of 5G and WebVR, along with the continuous evolution of AR and VR applications, is poised to reshape the way users consume content, access information, and engage with the digital world. As these technologies continue to advance, the future holds the promise of an increasingly seamless and immersive experience for users, expanding the horizons of what is possible in the realms of augmented and virtual reality.

Covered Aspects:
Report Attribute/Metric Details
Segment Outlook Technology, Offering, Software, Device Type, Vertical Geographies Covered North America, Europe, Asia-Pacific, and the Rest of the World (RoW) Key Vendors Google (US), Sony Corporation (Japan), Apple Inc. (US), Samsung (South Korea), Microsoft (US), HTC Corporation (Taiwan), Oculus (US), PTC (US), Seiko Epson Corporation (Japan), Lenovo (China), Wikitude (Austria), Blippar Group Limited (UK), MAXST CO., Ltd. (South Korea), EON Reality (US), Uil VR Solutions BV (US), CyberGlove Systems Inc. (US), and Nintendo (Japan) Key Market Opportunities The industrial automation industry is expected to boost the augmented and virtual reality markets. Key Market Drivers The surge in the adoption of augmented reality and virtual reality in the infotainment industry
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