One of the biggest limits in the e-commerce industry is insufficient in the presentation of a virtual product. But AR invasion of e-commerce can help improve the virtual shopping experience by allowing consumers to get a true sense of dimensions, color, texture, and product details.
In this position, we will discuss the main reasons why an electronic commerce AR has become such an important tool.
Successful businesses like Amazon, IKEA, and Target use AR applications to generate more delicious interactions with their users. You can place a virtual product on your room or actual dining table, or place a virtual cabinet in your room without a sweat. Similarly, how do you know if this dress will be really good on you without trying it in a room of origin? This is where Ar comes in.
Engagement
Ar in e-commerce is on a growth path and increases customer engagement by 66% by giving them a real-time online shopping experience. This trend increases thanks to some major players in the e-commerce industry. For example, Amazon has deployed a reoriented commercial tool that allows a customer to see a complete set of home decorative items in real-time.
And when a customer spends more time on your website, the more they are likely to buy something. Improving the commitment means that they have developed a relationship with your brand and product, which makes them more likely to make a future purchase.
For startups to develop their activities in the e-commerce world, they will have to start thinking creatively with regard to customer engagement. After all, the implementation of AR tools on your website plays a major role in defining the success and commitment of the experience for end customers.
Improves customer experience
Continue our thoughts on customer engagement, adopting augmented reality in e-commerce allows you to reach new customers and create a buzz around the brand. Not only is the increased reality is a powerful tool to conduct customer engagement, but it also improves customer experiences in retail stores. Augmented reality in e-commerce could be used to give customers confidence in the purchase and product experiences where they need more information about products.
In fact, the impact of AR on the customer experience is not limited to product information only. The most exciting uses of AR came to the concept of intelligent packaging solutions where they can see convincing visuals of the product packaging on their smartphone via AR.
In this way, the increased reality in e-commerce makes the experiences of richer customers and adds value to customers in a new and exciting way. It removes friction before a product purchase by showing the customer how the product will currently examine complete details. And, having better information on a product from the outset, customers will be less likely to return it later.
Increases conversion rates
About 90% of $ 1 billion's $ 100 million annual revenue companies are now exploiting AR or VR technology. On the other hand, a survey conducted by a research company revealed that 10% of e-commerce marketers use AR and nearly 72% are considering the coming year.
We can say that increased reality becomes popular among marketers. And these days, most companies that have never experienced the benefits of AR and those who have experienced it, really like to implement it. Similarly, your business could use AR to stimulate conversion rates.
The report "Augmented Reality in Retail Market by Offering (Hardware and Software), Device Type (Head-Mounted, Smart AR Mirror), Application (Try-On Solution, Planning & Designing), Retail Type (Furniture, Beauty & Cosmetics), and Geography - Global Forecast to 2025", is expected to grow from USD 1.2 billion in 2018 to USD 11.4 billion by 2025, at a CAGR of 38.8% between 2018 and 2025.
Browse 74 market data Tables and 40 Figures spread through 153 Pages and in-depth TOC on "Augmented Reality in Retail Market - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77516130 AR software and services will hold the larger share of AR in retail market by 2025 Increasing penetration of AR software solutions and its compatibility with existing hardware devices is expected to help the growth of the market for software, thereby driving the AR in retail market during the forecast period.
Companies focus on building different mobile-based AR apps to attract customers using smartphones or tablets.
Furniture & lighting will hold the largest share in augmented reality in retail market The adoption of AR has been gaining traction among furniture and lighting retailers.
The use of AR helps users to virtually place the selected furniture at the desired location using apps through devices such as smartphones and tablets.
Major players in the augmented reality in retail market are PTC (US), Google (US), Apple (US), Microsoft (US), Wikitude (Austria), Blippar (UK), Zugara (US), Marxent Labs (US), Augment (France), and ViewAR (Austria).
But, the scope of Augmented Reality continued to expand and became more sophisticated soon.
Well, while the scope and opportunities are unlimited, here we explain some ground rules and AR development tools that developers need to know.
Marker-based AR apps rely mainly on image recognition.
The camera of the device is used to detect patterns or markers like an image or QR code and after that digital information is overlaid on this marker.
For instance, a location-based AR app can help you find your GPS enabled smart luggage.
When choosing an augmented reality SDK, you should check which platforms it best works with.
ScaleXM came up with the impact of augmented reality and virtual reality on the real estate industry.
For more read here!For More Details:-https://www.scalexm.com/the-impact-of-augmented-reality-and-virtual-reality-on-the-real-estate-industry/
