{"id":36733,"date":"2023-01-17T05:46:28","date_gmt":"2023-01-17T05:46:28","guid":{"rendered":"https:\/\/icaninfotech.com\/?p=36733"},"modified":"2024-12-02T11:15:26","modified_gmt":"2024-12-02T11:15:26","slug":"augmented-and-virtual-reality-markets-will-be-worth-250-billion-dollars-by-2028","status":"publish","type":"post","link":"https:\/\/icaninfotech.com\/augmented-and-virtual-reality-markets-will-be-worth-250-billion-dollars-by-2028\/","title":{"rendered":"AR, VR and MR Markets will be Worth 250 Billion Dollars by 2028"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"36733\" class=\"elementor elementor-36733\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-cdb823e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cdb823e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f1f419a\" data-id=\"f1f419a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\n\t\t<div class=\"elementor-element elementor-element-b58c418 elementor-widget elementor-widget-text-editor\" data-id=\"b58c418\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">The field of computer-augmented reality is heating up, fueled both by system capabilities and consumer demand. The realm of extended reality (XR) has various fiefdoms, labeled Virtual reality (VR), Augmented Reality (AR), and Mixed Reality (MR), depending on how much they intrude into and modify the user\u2019s world image.<\/span><\/p><ul><li>According to a BCG and Mordor Intelligence survey, the current market value for AR\/VR\/MR is around $30.7 billion, and the market size worldwide of the AR\/VR\/MR market is to rise to $300 billion by 2024.<\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Upskill predicts that 6 million smart glasses will equip U.S. workers in two years.<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Seven percent of the U.S. population uses VR, and 28.1% use AR monthly, based on an Insider Intelligence and eMarketer report.<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An IDC report forecasts a $4.1 billion investment into training use of AR\/VR\/MR.<\/span><\/li><\/ul><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kommando Tech states that 70% of consumers believe AR can bring them benefits.<\/span><\/li><\/ul><p><b>Closing The Skills Gap:<\/b> <span style=\"font-weight: 400;\">As more jobs become remote, VR has become an increasingly used tool for training employees and staff. Employees can also develop skills that directly apply to those needed on the job.<\/span><\/p><p><b>Lower Maintenance And Service Costs:<\/b><span style=\"font-weight: 400;\"> Remote service through AR\/VR\/MR technology has created cost efficiencies and increased throughput without reducing customer satisfaction.<\/span><\/p><p><b>Design And Production Efficiency:<\/b><span style=\"font-weight: 400;\"> Parts and mechanisms can be digitally created and tested in AR, VR and MR solutions before production starts. This helps reduce time in R&amp;D, ultimately driving down costs.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-48560e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48560e6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4ad9988\" data-id=\"4ad9988\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a40551 elementor-widget elementor-widget-text-editor\" data-id=\"8a40551\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"call_heading\">Let’s talk with our analyst to discover how we can help you.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cbaa49 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"8cbaa49\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icaninfotech.com\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-f113aee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f113aee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b30fb2e\" data-id=\"b30fb2e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8cced19 elementor-widget elementor-widget-text-editor\" data-id=\"8cced19\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Implementing AR\/VR\/MR In Your Organization<\/strong><\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-36742 size-full\" src=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/Implementing-AR_VR_MR-In-Your-Organization-jpg.webp\" alt=\"Implementing AR, VR &amp; MR In Your Organization\" width=\"1440\" height=\"810\" srcset=\"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/Implementing-AR_VR_MR-In-Your-Organization-jpg.webp 1440w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/Implementing-AR_VR_MR-In-Your-Organization-300x169.webp 300w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/Implementing-AR_VR_MR-In-Your-Organization-1024x576.webp 1024w, https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/Implementing-AR_VR_MR-In-Your-Organization-768x432.webp 768w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/p><ul><li><span style=\"font-weight: 400;\"> Do proper research to find out if the technology at the current level is effective and valuable if used in your company.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Educate people in your organization about the technology and its potential. This training will help different functions develop proposals on how they could possibly benefit from the technology.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Provide incentives for technology adoption proposals from different units.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Decide on the pilot area to implement the technology. The best pilot area could be where something is not working as expected and where the new technology can change the situation for the better. Understand the costs, functionality, usability and, most importantly, testability of the new implementation.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Decide on what function and scale the technology will be implemented. It is important to identify if the chosen technology will be AR, VR and\/or MR.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Identify your key stakeholders and customers (internal and\/or external) and engage with them from the beginning.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Build a project and allocate a <\/span><a href=\"https:\/\/icaninfotech.com\/staff-augmentation\/\" target=\"_blank\" rel=\"noopener\"><b>dedicated team<\/b><\/a><span style=\"font-weight: 400;\"> and resources to it\u2014and offer productive support by committing to a full program.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Create an implementation blueprint.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Set expectations for pilot success. This will help prove technical feasibility to management or serve as a credible model for other units in the organization.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Communicate openly and frequently about the direct value of the technology to your organization and its success\u2014and how it will be adapted.<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400;\"> Have a plan ready to help your organization build momentum on your successes.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">You may also start your analysis by looking at the <\/span><a href=\"https:\/\/icaninfotech.com\/staff-augmentation\/\" target=\"_blank\" rel=\"noopener\"><b>IT staff augmentation company<\/b><\/a><span style=\"font-weight: 400;\"> portfolio and case studies as well as reading some reviews to see who is offering the best services.<\/span><\/p><h2><strong>What Opportunities is AR\/VR\/MR Creating?<\/strong><\/h2><ol><li><b> The Metaverse: <\/b><span style=\"font-weight: 400;\">A new era of possibilities is created in the virtual world. Everything we do in the physical world will eventually be possible in the virtual world. Social interaction, work and even trading art in the form of NFTs can be accomplished in the metaverse, which AR\/VR\/MR solutions have enabled.<\/span><\/li><\/ol><ol start=\"2\"><li><b> Tech For Enhanced Living:<\/b><span style=\"font-weight: 400;\"> Simple everyday tasks are enhanced using AR\/VR\/MR. Wearables will be used to give tutorials for cooking, building, creating and everything in between. Kinesthetic learning is one of the most preferred forms of learning and will continue to increase in popularity due to generational shifts. Ultimately, this provides a significant advantage for this technology.<\/span><\/li><\/ol><ol start=\"3\"><li><b> A New Way To Sell:<\/b><span style=\"font-weight: 400;\"> More compelling marketing efforts are created from the implementation of AR\/VR on websites. From showing off the design and features of products to offering a complete product demo, AR, VR and MR provide significant advantages to marketing and sales.<\/span><\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-d56a901 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d56a901\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-91a3315\" data-id=\"91a3315\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a27ee3c elementor-widget elementor-widget-text-editor\" data-id=\"a27ee3c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To speak with our analyst for a discussion on the above findings.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86b8ef6 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"86b8ef6\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icaninfotech.com\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Let's Talk<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The field of computer-augmented reality is heating up, fueled both by system capabilities and consumer demand. The realm of extended reality (XR) has various fiefdoms, labeled Virtual reality (VR), Augmented Reality (AR), and Mixed Reality (MR), depending on how much they intrude into and modify the user\u2019s world image. According to a BCG and Mordor<\/p>\n","protected":false},"author":9,"featured_media":36746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1054],"tags":[110],"class_list":["post-36733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ar-vr","tag-augmented-reality"],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/icaninfotech.com\/wp-content\/uploads\/2023\/01\/AR-VR-and-MR-Markets-will-be-Worth-250-Billion-Dollars-by-2028-jpg.webp","_links":{"self":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts\/36733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/comments?post=36733"}],"version-history":[{"count":0,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/posts\/36733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/media\/36746"}],"wp:attachment":[{"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/media?parent=36733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/categories?post=36733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icaninfotech.com\/wp-json\/wp\/v2\/tags?post=36733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}