The technology—Augmented Reality (AR) and Virtual Reality (VR) that was popularized by the gaming industry is now empowering companies across industries to reimagine their real world scenarios. What was once considered as a future technology is here to bridge the gap between real and digital world, amplifying real life. AR/VR is serving as a deployment platform for organizations to develop their solution and services. It is giving a new dimension to the healthcare industry by aiding in hands-on training and remote surgeries. A whole new space for market is emerging as AR/VR becomes more common in the enterprise work space such as in the manufacturing industry to alter business workflows. With a huge foray being made in the e-commerce department, AR/VR is enabling businesses to give customers a better shopping experience, allowing customers to experience products before making purchases, like virtual living rooms while buying furniture.
The fuel to the widespread adoption of the AR/VR technology is the growth of Internet of Things (IoT) and Artificial Intelligence (AI) that is strengthening the AR/VR applications. According to Statista Market Research, by 2021, the global AR and VR market anticipates a valuation of more than $215 billion. With the technology getting cheaper and easily available, even small and medium size businesses can incorporate the AR/VR technology in their ecosystems.
This edition of CIO Applications brings you the “Top 10 Augmented Reality/Virtual Reality Companies - 2017.” This list gives you some of the most prominent organizations in the industry that are assisting companies to enjoy the benefits of the AR/VR technology to enhance their business processes.
