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The future of VR and AR is exciting and has prospects with several possibilities for innovation and advancement. As these immersive technologies evolve and expand, they are poised to revolutionize different industries and how people interact with the world. AR and VR are limitless, from gaming and entertainment to healthcare and beyond. By 2028, the number of VR/AR users is estimated to reach 3674.0M worldwide. This data depicts how the future of virtual and augmented reality will revolutionize.

This blog will explore critical trends shaping the future of VR and AR and what the future may hold for such transformative technologies. So, without further a second, let’s begin!

 

What Is Virtual Reality (VR) And Augmented Reality (AR)?

People spend most of their time looking at screens. Smartphones, computers, and television have become critical in our lives. They are how we use social media, get a lot of news, watch movies, etc. Virtual and augmented reality are two key technologies that change how people use screens. It creates new and exciting interactive experiences.

 

What Is Virtual Reality (VR) And Augmented Reality (AR)

 

● Virtual Reality

It’s a computer-generated simulation of an alternate reality or world. It is used in video games and 3D movies. It has revolutionized the entertainment and gaming industry, enabling users to immerse themselves in a simulated environment.

 

● Augmented Reality

It’s a perfect blend of the digital world, allowing people to see the world around them with digital images layered on top of it. Applications are created using augmented reality-based technology for desktop or mobile to blend digital elements into the real world.

AR and VR accomplish two different things in two different ways, deposit having similar ensign. While VR replaces people’s vision, AR adds to it. If you are running a gaming, entertainment, healthcare, or other business and want to build a mobile app by integrating AR/VR, consult with a company that can provide on-demand app development solutions.

A company with expertise in the field will help you to integrate such transformative technology into your business at affordable costs.

Why Must Businesses Invest In VR And AR Technology?

If you want to know the future of VR and AR, take a look at the given market stats. It will help you to find out at what extent business can gain desired outcome.

  • In 2024, the AR and VR market is expected to bring in US$38.6 billion in revenue.
  • By 2028, the market is predicted to have grown to a value of US$58.1 billion, with a compound yearly growth rate (CAGR) of 10.77%.
  • AR Software is the largest market category within the AR & VR market, with a projected market value of US$13.0 billion by 2024.
  • Within this market, the US is the largest source of revenue, with a forecast market volume of US$10,260.0 million in 2024.
  • It is significant to remember that B2C revenues are the only ones included in the revenue figures listed here.
  • This indicates that 55.0% of the market is covered by the B2C market share that is being displayed (B2C & B2B).

 

Must Businesses Invest In VR And AR Technology

 

  • By 2028, there will be 3,674.0 million users worldwide using AR and VR combined.
  • By 2028, it is anticipated that the user penetration rate will have increased to 55.9% from 52.8% in 2024.
  • The average revenue per user is estimated to be US$6.2.

Top 5 AR/VR Apps

If you are curious to know about the future of VR and AR, then at first, you must learn about the top 5 AR/VR apps that are contributing to the industry. This blog section will explore various types of best AR and VR apps for Android and iPhone. Take a look at the following VR/AR applications.

1. Google Lens (AR App)
2. Netflix (VR App)
3. IKEA Place (AR App)
4. Jaunt VR (VR App)
5. You Tube (VR App)

Let’s discuss the apps in detail.

 

1. Google Lens (AR App)

It’s an image recognition technology that brings relevant search results. The app supports both iOS and Android platforms and is easy to access. If you want to invest in such an app, hire iPhone app development services providers who can provide an accurate result in the best possible manner.

 

2. Netflix (VR App)

Netflix is uniquely compatible with Google’s Daydream VR viewing device, though it promises to be available to more platforms in the future. Here, users can watch movies, television, and other Netflix fare with a regular subscription and enjoy all the VR benefits.

 

3. IKEA Place (AR App)

It is one of the best augmented reality apps that helps virtually paint any object in real-world scenes and aids in scaling 3D models without acne. Ikea Palace supports iOS, Android, and ARCore Compatible devices, making it easy to access and use.

 

4. Jaunt VR (VR App)

It’s a free application where users can enjoy videos, movies, and concerts. The app supports both iOS and Android. Users can experience the most comprehensive array of premium cinematic VR experiences here. Jaunt VR delivers an unparalleled and all-enveloping virtual reality experience anywhere and anytime.

 

5. You Tube (VR App)

It’s another VR app that allows users to watch ordinary videos in the application on a large virtual screen for free. Additionally, users can find and watch 360 video and VR content with specific headsets and devices.

 

AR and VR CTA

Impact of Using Artificial Intelligence In VR And AR

AI-generated content for VR/AR involves the use of AI algorithms, creating an immersive and realistic experience for users. In this technology, machine learning techniques analyze a range of data and generate virtual objects and scenarios based on the data. As per AI development services, below are the impact the AI technologies in AR and VR:

 

AI Impact On Augmented Reality

 

AI Impact On Augmented Reality

 

1. Digitalization of Real Objects

Nowadays, several apps are using the power of AR and AI to digitize real objects. For instance, an app, “ClipDrop,” scans real objects to digitize them. These applications employ AI and arguments for transforming physical objects into representations, revolutionizing industries such as e-commerce, design, and education.

2. Provide Digital Concierge Service

A combination of AR and AI facilitates digital concierge service to visitors of commercial buildings and retail outlets. Additionally, using real-time and embedded artificial intelligence helps to create a digitized Verizon building. It allows individuals to operate smoothly.

3. Converting 2D Into 3D

E-commerce brands are investing in increasing applications to convert 2D into 3D. It allows customers to view a product in 3D, increasing consumer engagement and online sales of the brand. The Threedy app is a crucial example of such an app. This application allows one to view and share public conversions.

AI Impact On Virtual Reality

 

AI Impact On Virtual Reality

 

1. Immersive Gaming Experience

Virtual reality lets users immerse themselves into simulated surroundings where they can feel like they are in the game. However, artificial intelligence has improved this experience by introducing background characters, upping the entertainment quotient of gamer.

2. Immersive Shopping

With virtual reality, retail companies provide good shopping experiences to customers. But the combination of VR with AI takes it to the next level. Using virtual reality, customers can try out any product and then use AI-generated virtual assistance to answer their queries, get suggestions, and even complete their purchases.

3. Dynamic Travel And Tourism

Combining AI and VR lets users experience potential trips in every dynamic way. For instance, people can tour their favorite locations using VR and artificial intelligence to assist them in making decisions for their trips.

Top 5 Future Trends In VR And AR Technology

Now that you understand how artificial intelligence impacts AR and VR, it’s time to learn what future of VR and AR technology trends can revolutionize how people connect and companies operate their businesses. Let’s take a glimpse of future trends in VR and AR technology.

1. Introduction of AI In VR And AR Space
2. AI And Machine Learning Integration
3. Immersive Social Experience
4. 5G Integration
5. Healthcare And Wellness Application

 

When it comes to the future of VR and AR, Augmented reality and virtual reality technologies have been evolving, with numerous emerging trends shopping their future.

 

Top 5 Future Trends In VR And AR Technology

 

Here’s a list of the top five trends future in AR and VR technology

1. Introduction of AI In VR And AR Space

AR, VR, and AI have already provided their potential in the business world. But, in the future, AR/VR development companies or developers will look forward to discussing the possibility of their collaboration. They will investigate how advanced AI approaches and machine learning algorithms may assist computers and other devices comprehend and effectively visualize data. It will lead to the emergence of interactive workspaces.

2. AI And Machine Learning Integration

AI and machine learning algorithms are increasingly integrated into VR AR apps to enhance performance and user experience. Future of VR and AR may include AI-driven content creation, intelligent object recognition, personalized recommendations, and adaptive user interfaces. Such advancements will enable an interactive and dynamic virtual experience tailored to an individual’s user’s behavior and preferences.

3. Immersive Social Experience

AR and VR are increasingly being used to create an immersive social environment. Such technologies let users interact with others in a virtual space, regardless of their physical location. Future trends include improved voice, lifelike avatars, gesture recognition, and enhanced social interaction features. It will make the virtual gathering feel more natural and engaging.

4. 5G Integration

The 5G network promises to enhance the capabilities of AR and VR technologies. Users can enjoy high-definition and more responsive experiences with power latency and faster data speed. It enables real-time multiplayer gaming, complex AR applications, and streaming of 360-degree videos.

Businesses are advised to hire iPhone developers as they will help optimize apps for 5G’s low latency, create immersive expertise, and ensure device compatibility with VR/AR integration.

5. Healthcare And Wellness Application

For healthcare and wellness purposes, AR and VR technologies are being leveraged. From virtual medical simulation and surgical training to physical rehabilitation and mental health therapy, AR and VR offer a cost-effective, immersive, and accessible solution to improve healthcare delivery and patient results.

 

AR, VR Cta

 

Challenges And Opportunities To Widespread Adoption of VR And AR

Virtual and augmented reality are the most powerful emerging technologies, revolutionizing different industries through innovation, user engagement, and creativity. However, you must be wondering how the development of VR/AR poses several challenges, such as use adoption, hardware limitations, and many more.

Despite the challenges, ample opportunities for widespread adoption of AR/VR are there, such as innovative marketing opportunities, economic opportunities, and many more. According to software product development companies, businesses must consider the following challenges and grab opportunities to use AR/VR.


Challenges:

Here are some of the challenges of implementing AR/VR technology

1. Understanding User Behavior
2. Hardware
3. Content And Application Development
4. Privacy And Security Concerns
5. Limited Use Cases An Integration 

 

Challenges

1. Understanding User Behavior

Long-term usage of AR and VR might cause some users to get tired, uncomfortable, and motion sickness, which hinders adoption. Therefore, future of VR and AR must bring practical improvements in user experience and comfort to attract a big audience.

 

2. Hardware

The hardware used in virtual and augmented reality is expansive, limiting access to a broader user base. These devices are platform-specific, heavy, and limited in their ability to depict realistic content. Hence, it has hindered users’ widespread adoption of VR and R.

3. Content And Application Development

Businesses must have specialized knowledge and resources if they want to create engaging AR/VR content and applications. Enhancing the accessibility of development tools and training sessions is crucial to expanding the high-caliber AR/VR experience pool.

4. Privacy And Security Concerns

As AR and VR often collect data about the user’s actions and the real world, it can raise a significant concern regarding privacy and security. Hence, ensuring the user’s privacy and security in AR/VR environments becomes a critical challenge.

5. Limited Use Cases An Integration

Lack of realistic use cases and difficulties integrating AR and VR into current workflows and systems are impeding the future of VR and AR  in many industries. Adopting VR/AR depends on developing flexible, sector-specific apps and providing seamless integration solutions.

Opportunities

Here are some of the opportunities of implementing AR/VR technology

1. New Creative Mediums
2. Business Innovation
3. Economic Opportunity
4. Access For All
5. Connection And Inspiration

Opportunities

 

1. New Creative Mediums

Virtual reality and augmented reality offer new artistic expression platforms—interactive experiences, exploring fictional worlds, and real-time content generation. Applying creativity at every turn depicts new ways of storytelling, showing art, designing spaces, and sharing experiences that promote togetherness.

 

2. Business Innovation

VR/AR facilitates several endless possibilities of business innovation, enhancing products/services, optimizing key metrics, improving productivity, and creating new revenue. Utilization includes remote collaboration and meetings, interactive product visualization, virtual onboarding and training, virtual product placement, streaming interactive 3D content, and marketing/selling digital assets.

 

3. Economic Opportunity

While established businesses create new AR/V applications, teams are employed to build content, and more jobs in distribution, advertising, licensing, and support services arise, and new software and hardware companies also open up. Developed and underdeveloped nations can gain from economic opportunities.

4. Access For All

People with physical limitations or restricted mobility can access and participate using immersive technologies. Virtual worlds remove barriers to independence, social engagement, education, and leisure by customizing a user’s requirements and abilities. Users can also explore from the comfort of a familiar location without requiring pricey or bulky technology by utilizing assistive devices as interfaces.

5. Connection And Inspiration

Above all, AR and VR provide new avenues for inspiration, expression, and human connection. They create avenues for creativity, spirituality, and cross-cultural understanding. They allow the visualization of inspiration in lifelike detail, let us capture significant moments in time, and enable shared experiences that exceed distances.

Creating virtual communities based on shared passion rather than physical closeness redefines presence at important life events and fosters connections between specific interests.

 

Future of VR and AR

The VR/AR devices of the future will provide accessible, personalized, and well-designed experiences. As per IDC research, the virtual and augmented reality market will grow to 15.5 billion euros by 2022. The amount spent on these technologies is currently $18.8 billion, up 78.5% from the previous year, and is predicted to rise by an additional 77% in 2023.

That’s why the future of VR and AR technologies in different industries will become mainstream as they continue to improve and help with daily life functions.

Future of VR and AR will transform businesses in enterprise mobility solutions by providing an immersive training experience. It also includes virtual collaboration space, remote assistance, and enhanced visualization for data analysis. Different industries, such as retail, healthcare, manufacturing, and more, are already leveraging VR/AR to streamline processes and improve productivity at low cost.

Furthermore, AR/VR will create an immersive experience, blurring the line between real and digital worlds. In the future, these emerging technologies will transform the mobile app development services industry, leading to engaging and innovative mobile applications.

Ready To Build Mobile Apps With AR/VR Technologies? Let’s Connect!

The future of VR and AR is promising incredibly, with the potential to change several aspects of our lives. Moreover, AI development solutions in VR/AR enhance the realism of such transformative technologies that show how AI will impact the scope of future virtual and augmented reality. As a result, businesses are investing in implementing AI in their VR/AR and improving their productivity.

So, if you are one of those who want to take their businesses to the next level, find a mobile app development company. Dev Technosys is an Android app development company with expert developers delivering high-quality desired outcomes. With many years of experience, Dev Technosys is always ready to help you with any issue.

Frequently Asked Questions

1. How Much Does It Cost To Develop A Mobile App?

The cost to develop a mobile app depends on the app’s complexity and features. On -average you can consider $8000 – $25000 as an approx cost of mobile app development.

2. Is Artificial Intelligence And Augmented Reality The Same Thing?

No, both of them are different. AR embedded virtual 3D components into the real world. Whereas, AI enabled machines to think and respond like humans without their interventions.

3. Is The Future Of VR And AR Relying On 5G?

Yes, 5G Technology is helpful in uplifting the potential use cases of VR/AR in the marketplace. It will result in a brighter future of augmented reality and virtual reality.

4. How the Future of VR And AR Will Helps Marketing?

Future of VR and AR will help marketing in enhancing customer engagement and enable companies to create a deeper connection with their target audience and ultimately drive more sales.