According to a report, the Augmented Reality market size is estimated to rise from approximately $3.5 billion in 2017 to $198 billion by 2025.
Think of a world where you can walk around the streets of your city and see your favorite celebrities or even your favorite animals walking around. Or think of a world where you can see a doctor and get a diagnosis done without having to go to the medical center. This is the world of augmented reality which most of us will be living in the coming years.
In the coming years, augmented reality can affect a lot of industries, such as entertainment, construction, healthcare, agriculture, and education. Also, augmented reality will help musicians to create music videos and help them to market their music. More specifically, AR can be used to help construction workers plan out new homes or buildings. Using AR, doctors can perform more accurate surgery. It can also be used to help farmers grow more crops as AR can help them to direct where to plant seeds. The breakout success of Pokémon Go demonstrated that people are enthusiastic about AR and that they are willing to engage with AR apps that catch their attention. Apple and Google are both already working on their own mobile AR devices. Augmented Reality is becoming more and more accessible to the average consumer. In 2016, 1.3 billion people used augmented reality on their smartphones, and by 2021, that number is expected to soar to 8.1 billion people.
Here are four pillar industries that are expected to accelerate the use of AR.
1. eCommerce
Augmented reality is a technology that is slowly but surely making its way into everyday life. By overlaying digital information onto your view of the real world, AR is designed to improve your experience of the world around you. With AR, e-commerce sales are expected to reach approximately $4 trillion by 2025. Augmented reality is poised to improve the consumer shopping experience and help drive sales as it is a technology that modifies the consumer’s view of the real world, enhancing an existing environment with new information. AR can be used in a variety of ways within e-commerce, from adding digital content to physical items to creating a product visualization experience.
2. Foodservice
It is clear that AR technology is making its way into the foodservice world and has the potential to make a huge impact in the years ahead. For instance, a restaurant could use AR to dynamically identify food allergies among patrons at the table or at the restaurant and then make special accommodations.
3. Industrial
The history of the industrial revolution is one of the huge technological advancements. From the steam engine to the assembly line, industrial automation has redefined the way we look at the manufacturing sector. And, as a result, our world. It looks like the next step for industrial automation is bringing the digital world to reality, in other words, augmented reality. The AR technology is used to help workers in industrial settings visualize complex processes in new ways, which can be especially helpful when performing tasks that require a lot of training.
4. Education
Augmented Reality is a technology that is going to play an increasingly important role in education in the future. Though still in its infancy, it is already being used to provide educators and students with a more interactive learning experience. The best part is that it can be applied to nearly any subject imaginable.
Final Words
As augmented reality technology becomes more advanced and affordable, it will change the way we work, play, and learn. In the next few years, we will use this technology to interact with our surroundings in exciting and innovative ways. AR is a direct or indirect view of a real-world environment whose elements are augmented by computer-generated sensory input like graphics, sound, video, or GPS data.
The influence of AR on consumers is greater than ever and is expected to continue to rise as developers use it to add real value to customers’ lives.
