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Augmented reality technology is rapidly changing the perception of reality by offering an interactive experience of a real-world environment. According to Markets and Markets, the augmented reality market was valued at $4.21 billion in 2017 and is expected to grow up to $60.55 billion by the year 2023. <br>
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Index • Augmented reality at the Outset • Top 10 Augmented Reality Trends for 2020 • Future of Augmented reality Applications • Conclusion
Augmented Reality at the Outset • Augmented reality technology is rapidly changing the perception of reality by offering an interactive experience of a real-world environment. • According to Markets and Markets, the augmented reality market was valued at $4.21 billion in 2017 and is expected to grow up to $60.55 billion by the year 2023. • It is also predicted that by 2023, as many as 2.5 billion AR users will be using products like smart glasses and mobile devices to access AR technology. • An augmented reality company looking to expand the scope of its business needs to focus on the augmented reality trends for 2020.
Top 10 Augmented Reality Trends for 2020 • Augmented reality companies that are focused on capitalizing on the upward trend of this technology need to focus on areas that show a promise for more business opportunities. • Here are the top 5 trends that are set to define the world of augmented reality in 2020. • Mobile AR is the top buzz: Augmented reality mobile application development is a trend that is expected to grow rapidly in 2020. • Mobile application development companies are including more and more AR features in their apps. • Enriching shopping experiences: AR-enabled shopping technologies are predicted to increase by 2020.
Top 10 Augmented Reality Trends for 2020 • Augmented reality development companies are developing retail apps that enhance the user experience. • Indoor navigation systems: The year 2020 is expected to see an increase in the use of AR in indoor navigation systems. • Such indoor navigation systems are extremely useful in airports, malls, hospitals and office campuses. • Augmented reality and AI: AI-enabled AR devices are extremely useful in identifying customer needs based on their environments and providing them with customized recommendations. • Web AR: Developments in web-AR have enabled users to log in to AR-enabled websites instead of having to use specialized apps.
Future of Augmented reality Applications • Augmented reality enterprises looking to making it big in the market need to tune their focus onto the biggest trends in AR. • As devices get more powerful and capable, AR mobile app development will get more sophisticated. • Devices in the future will be capable of delivering more captivating and high-quality visuals that capture the imagination of the millennial user. • Advanced technological developments like screen-less display, high-end simulation for training, and hands-free navigation are poised to become realities in the near future. • Various industries like education and training, marketing and advertising, retail, real estate, and health care are integrating augmented reality into their core business strategy. • HoloPundits, a pioneering augmented reality company, delivers futuristic immersive technology solutions for diverse industry requirements.
Conclusion • Augmented reality is poised to be the key differentiator for businesses. • Captivating and immersive visuals that narrate the brand story in an innovative manner is the main contributing factor for growth of augmented reality into a mainstream technology. • Progressive companies like HoloPundits are specializing in high-performance AR solutions that give businesses the winning edge. • For more information, visit us at https://www.holopundits.com/enterprise-solutions/totalar.html.
