10 Most Promising AR/VR Tech Solution Providers - 2020

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.

Top AR/VR Tech Solution Providers

Company Name Company Description
Advity Infomedia Competencies revolves around Augmented Reality, Virtual Reality, digital marketing, artificial intelligence, web development, web designing, advertising, digital advertising, and 3D rendering.
Moxel Studios A technology-oriented software house offering Interactive technology, touchscreen applications, Computer games and everything related to post-production & enhanced reality.
Q3 Technologies Creates AR-VR applications for sectors like education and e-commerce that help reduce simulation costs, and maximises the learning experience.
SpectraVR Studios Specializes in immersive 360 degree video content production, Virtual Reality content, and VR games.
Tata Elxsi Develops application for VR devices and implements AR application on Android that offers field force training, product marketing, manufacturing, product virtualization.
WoWExp Technologies Encloses technologies like Augmented Reality (AR), Artificial Intelligence (AI), 3D, Mixed Reality both on mobile devices and web AR.
Wowsome Enhances educational content on VR & engagement solutions using VR/AR for experimental marketing activities in events, trade-shows and exhibitions.
X Lab Facilitates a wide range of customized web, VR, AR solutions to assist brand build a digital ecosystem.
Xenium Digital Avails AR/VR, multitaction, gesture based, simulation, mobile solutions, and holographic projections.
XR Labs A products and solutions company operating in the domains of frontier technologies such as Augmented Reality, Virtual Reality, IoT and AI.