"What Factors Will Drive Augmented Reality to $152.9 Billion by 2030?"

 Augmented reality (AR) is a technology that overlays a computer-generated image on a user’s view which connects the real world with the virtual world.

This technology enhances the perception of reality, thereby increasing the user experience and also provides data about the consumer’s immediate environment.

The virtual reality (VR) technology provides the user a virtual environment with the help of computer hardware and software and also offers a fully immersive environment where the user can interact with objects similar to those in the real world.There has been tremendous growth in the M deals, investments, and patent filings in the AR & VR from 2014 to 2015.

It is anticipated that the usage of AR and VR would provide the next major computing platform after smartphones.Magic Leap, Inc. (U.S.) filed the maximum patents as of February, 2016 among the other companies in this market.

The other companies which have been active in the patent filings include the Qualcomm, Inc. (U.S.), Microsoft Technology Licensing LLC (U.S.), LG Electronics, Inc. (South Korea), Pantech Co. Ltd. (South Korea), Sony Corporation (Japan), Intel Corporation (U.S.) among others.The research methodology used to estimate and forecast the global augmented reality and virtual reality market covers collecting of data on key vendor revenues through secondary research.

The vendor offerings are also taken into consideration to determine the market segmentation.

As human-generated data has exponentially increased on many platforms, it has become impossible for the businesses to check or interact with that data manually, here the applications of NLP take charge.For example, if a business wants to check the reviews of their new product and make inferences from it, allotting people for reading the reviews and categorizing them will be inefficient, as there are lakhs of reviews.

These chatbots can be customized for a specific market like Kotak Mahindra Bank now uses Keya as its virtual assistant.How NLP works?Making sense of the syntax is one of the most critical things for applying NLP algorithms; some of the syntax analysis methods are:Lemmatization: It means reducing the various inflected forms of a word into a single form for a more straightforward analysis.Morphological segmentation: It involves dividing words into individual units called morphemes.Word segmentation: It consists of dividing a large piece of continuous text into distinct units.Part-of-speech tagging: It involves identifying the part of speech for every word.Parsing: It consists in undertaking a grammatical analysis for the provided sentence.Sentence breaking: It consists in placing sentence boundaries on a large piece of text.Stemming: It involves cutting the inflected words to their root form.Morphological segmentation: It consists of dividing words into individual units called morphemes.Word segmentation: It consists of dividing a large piece of continuous text into distinct units.Part-of-speech tagging: It involves identifying the part of speech for every word.Parsing: It involves undertaking a grammatical analysis for the provided sentence.Sentence breaking: It involves placing sentence boundaries on a large piece of text.Stemming: It involves cutting the inflected words to their root form.Open-source libraries for NLPThere are many NLP libraries on the internet, some of the most popular libraries are:NLTK: It is the most featured library; the most used combination is nltk(Natural Language Toolkit) and python.

This library is for production usage, written in the programming language Cython; it provides the fastest syntactic parser in the market.

Although the menu of this library is limited, there are fewer choices.TextBlob: This library is an extension of nltk.

This library is suitable for smaller projects.Saas Tools for NLPPeople want to generate insights from texts, but don’t want to delve deeper into the working, some of the tools for non-technical people are:Amazon Comprehend: Amazon Comprehend is a natural language processing software that uses machine learning to look for insights and relationships within a text.

Advertising companies analyze the digital footprints of a user to predict their potential audience interested in their products.NLP software helps increase the range of channels for ad placement.Healthcare is entering a new era with NLP applications, data mining integration in healthcare systems helps doctors make more well-informed decisions and improve diagnosis, and patient treatment.Chatbots are a prime example of automation tech.

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At present Augmented Reality is the leading technology in a market that leverages business to keep a strong foothold among the competitor, if you are aiming to develop a product or service you must consider the top Augmented Reality app development company.

Currently, most of the big giants are providing AR/VR development that too innovative and out of the box.

Virtual Reality is not only limited to 360 views in the cardboard-made box and the gaming experience, it helps businesses to build strong marketing strategies and train their work-force with features like rich user interface and virtually real experience.

Therefore consider hiring the top Augmented & Virtual reality development company to disrupt every changing business market with its application.

AR/VR Development at Xceltec Creating AR/VR Application from the scratch requires deep analysis and in-depth knowledge, we deliver products that have real-world uses, educate staff and consumers, and evoke emotion.

Xceltec is one of the leading Augmented Reality development companies and Virtual reality development companies that build Virtual Reality app and AR game development for enterprises that operate in many industries.

Almost all of us have apple iPhones, use Facebook and work on windows.

And so do we know that Apple's ARKit gives an experience to the millions of users and iPhone owners to experience AUGMENTED REALITY (AR).Facebook the mega social monster that engulfed two of the most used social media websites i.e WhatsApp and Instagram is working its way on to bringing VIRTUAL REALITY (VR) to wider audiences.Microsoft is aiming at using MIXED REALITY to combine the real world with virtual objects!

Now, how cool is that and almost all of us understand what AR, VR or MR is.

According to experts, the market of AR game development will reach approx.

$289.93 billion by 2023 and its CAGR growth rate is expected to be 152.7% in the sector of augmented reality game development between 2017 and 2023. 

Today AR is one of the rapidly growing industry, So here in this guide we have compared between these two most popular AR platform (ARkit or ARcore) to find which one is better at being the next generation technology.

Over 200 AR/VR companies have been acquired in the past two years, and there’s no sign of that slowing down anytime soon.

More advanced augmented reality tools are on the horizon, which means that AR-related apps and hardware will continue to rise in popularity and improve in quality throughout 2017 and into the next decade.

Keep reading to find out more!

1) Tool #1 - Marker-based Apps The most well-known and easy-to-use form of augmented reality is marker-based apps.

2) Tool #2 - Markerless Augmented Reality This form of AR doesn’t require you to stick anything on or in your customer’s environment.

Imagine being able to see restaurant reviews on your window without writing them on there with post-it notes.

Creating AR experiences is not as difficult as you might think.

That’s a very good market with many opportunities to be explored.

So from creating 3D models to converting them for AR use and embedding them, discover in our blog how to add AR content to a website.

Detecting sight and sound in the field comes with time and experience and as the new generation of technicians steps up, manufacturing, plant management cannot rely on half-baked skills.

To bridge this gap and accomplish productivity, efficiency, improvements in safety, organizations now need to provide tools to field technicians like Augmented reality tool and accelerate skill development.

As manufacturing companies adopt augmented reality tools, they should be focusing on integrating AR technology with their existing plant and operations technology systems.This provides three benefits :Situational awareness IoT data integration  Live remote assistance Building a strategy around these three elements will help organizations achieve faster returns on investment along with easy implementation.Situational awareness with AR technologyWhere to find devices and identifying correct assets after finding out the location.

With two issues that cause distress among new incumbent workers.

Industrial sites have thousands of devices scattered around in the large space.

Adding to this complication of asset identification, big facilities have several similar devices adjacent to each other.