In the last few years, only about 170 startups have emerged in the AR/VR space
By 2020, the three most prominent markets for AR/VR technologies would be entertainment, manufacturing and healthcare
AR/VR is not just a business vertical, but also used in other businesses
It seemed like just yesterday when your newspaper asked you to download an app that could turn its photos into short video clips. The Alive App was the first milestone in India’s technology consumption that brought Augmented Reality (AR) into many households. Virtual Reality (VR) wasn’t far behind. Since then, this industry has seen tremendous growth and stands to be valued at $153 Bn by 2020 in India.
Not long ago, we began creating content on a new kind of canvas- reality. Whether it was by transporting you into a new realm without you ever having to buy a plane ticket (like VR) or overlaying your own reality with elements that didn’t exist previously (like AR).