10 Most Promising AR/VR Tech Solution Providers - 2020

AR & VR technologies have been around for quite some time now. Yet, it was only after the introduction of the AR-based game Pokémon Go that brought the emerging technology into the limelight. While mainly popularized by Gaming, AR & VR technology has shown great prowess in bringing the interactive digital world into the real world. AR & VR technological solutions have found great utility across a diverse range of industrial sectors in recent times.

The application of AR modeling and Virtualization plays a significant role in the Healthcare sector. It enables a surgeon to virtually view the conditions of a patient’s internal body parts, which facilitates minimal invasive surgery. The application of AR technology in the field of Architecture is another major contributor to the growth of the AR market. In architecture, AR solutions are used for interior designing applications, through which a user can transform 2D drawings into 3D physical models and digital simulations. The ARbased architecture applications help users to choose accurate designs before the actual construction process takes shape.

According to a report published by MarketsandMarkets, the global augmented reality (AR) and virtual reality (VR) market size stood at $37.0 billion in 2019. With the Covid-19 Pandemic outbreak, the AR VR market is expected to witness a CAGR of 42.9% during the forecast period (2020–2030) to reach $1,274.4 billion in 2030. The surging adoption of AR & VR solutions in the gaming, healthcare, tourism, entertainment, real estate, and education sectors is expected to drive the AR and VR industry forward.

With the Pandemic hitting India pretty hard, a large number of corporations in the nation are also shifting towards emerging technologies, including AR & VR. The AR & VR market in India has been steadily growing over the past few years on account of increasing penetration of head-mounted displays in the entertainment & gaming sectors, rising defense spending, and surging demand in the country’s healthcare sector. This has opened up a once-in-a-lifetime opportunity for AR & VR solution providers to rise up to the occasion and take the nation forward in this era of digital transformation.

In this edition of CIOReviewIndia Magazine, we present a list of the ‘10 Most Promising AR/VR Tech Solution Providers - 2020’. Curated by a team of experienced CEOs, industry veterans, and the CIOReviewIndia editorial team. We believe the enlisted companies are best positioned to offer innovative, cutting-edge solutions in the AR & VR segment to fulfill all the digital transformation needs.

We present to you CIOTechOutlook 10 Most Promising AR/VR Tech Solution Providers - 2020.