Augmented Reality (AR) will further bridge the gap between imagination and real world

AR is already changing the world we live in. And as developers, we’ve now got massive resources to tap into to build next-generation AR apps. For the uninitiated, Apple provides very powerful and feature-rich frameworks, like ARKit and RealityKit, and tools, like Reality Composer and Reality Converter, and these resources can be leveraged to bring the most creative and challenging ideas to life in Augmented Reality.

According to the International Data Corporation (IDC), “The worldwide spending on augmented reality and virtual reality (AR/VR) is estimated to grow from about $12.0 billion this year to $72.8 billion in 2024.” The five-year compound annual growth rate (CAGR) for AR/VR spending will be 54.0%. So, based on these figures and the changing market dynamics after the pandemic, we are anticipating a significant increase in the demand for augmented reality apps in 2023 and beyond.

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