Virtual and Augmented Reality development obliterated the word “impossible.” It’s safe to say that the future is here. Both AR and VR can offer superb prospects to business owners. As long as you understand how to use these two technologies as business tools, they will do wonders for your company. However, you need to find out how much you have to spend to get your hands on AR/VR based app solutions.
 
The mixed reality industry is probably going to be, by far, the most profitable industry for this decade. You probably ran into the previous statement too many times already. Now, researchers have the statistical data they need to prove their claims.
 
According to several surveys and revenue forecasts, apps based on Virtual and Augment reality were to reach an all-time high this year. Additionally, based on the data presented by an organization, it seems that AR will be three times as lucrative as VR, particularly for enterprise users. That’s why the fact that so many companies are joining the AR/VR bandwagon isn’t surprising. Business owners are realizing the sheer magnitude of the potential of AR/VR application investments and are searching for custom augmented and virtual reality solutions to capitalize on the same.
 
About AR and VR

Of course, a custom augmented and virtual reality solutions are quite new, but the concepts aren’t. In reality, the first funny-looking VR helmets appeared during the 60s, and elements of AR popped up during the 90s. However, it took some time for the powers of the computer to reach such a high level. Today, one can reflect on the issue of the cost of AR/VR solutions. AR is a unique form of technology that supplements the surrounding world with images and information created using exclusive technical means. It improves the user’s immediate environment via digital data. VR, on the other hand, implies the creation of a world in which an individual experiences the most realistic sensations. The only way to embody such a daring idea is to use external tools and devices, such as smartphones, glasses, 3D video cubes, and VR rooms.
 
The recipients

For AR: You should search for an AR/VR app development company because tech giants like Google, Microsoft, and Facebook are keeping tabs on them, and Apple is currently allocating huge funds in the field of AR development. AR technologies can help various industries, such as entertainment, real estate, and architecture, after-sales services, education, retail, e-commerce, marketing, advertising, medicine, and lifestyle.
 
know about benefits of AR and VR
 
For VR: While VR caters to almost all the same industries as AR, there are a few differences. For instance, VR is in exceptionally high demand in the industry of video games, both offline and online. Additionally, it can prove beneficial to travel agencies, hotel businesses, healthcare development, architecture, education, and online stores.
 
Benefits of AR app development

  • AR usually contributes to promoting services and products, significantly increases use involvement in entertainment and sales, and generates an emotional connection between a brand and its consumer.

  • With AR app development, you can become a leader in your niche, and customers will realize that you’re doing everything within your power to keep up with the times.

  • It lets you improve the interactive sessions that you have with your customers. AR apps are a technological bonus for your business that can further allow you to enjoy a competitive advantage. It’s a new and exciting experience that will inevitably appeal to users, especially the younger and tech-savvy generations.

  • Finally, AR apps can help you expand your marketing opportunities. The novelty, entertainment, and interactivity created by AR indulge people to share what they experience via social networking platforms. Such reactions from customers will significantly increase your marketing opportunities.


 
Benefits of VR app development

Are you still wondering why you should get in touch with an AR/VR app development company? You probably wish to know what good will VR app development do for you.
 

  • High-quality VR apps, and not the mediocre ones, will result in a significant rise in user engagement. The speciality of VR technology and applications is that it’s the very first invention that can transmit sounds, smells, and touches in real-time. It can even generate situations that are possible as well as impossible in an individual’s daily life. Understandably, it reveals human potential, and your users will pay tribute to your attempts to extend their habitual experience.

  • VR tools and apps can help you communicate your idea to your customers more clearly. You can share your store’s images right now, but with VR, you can immerse your customers into its atmosphere literally.

  • All the things mentioned above can increase the loyalty of your customers towards you and your business, and you probably know about the inter connectivity between customer loyalty and profitability.


Cost of AR apps

Upon combining everything, the best developers may charge the following rates. Just remember that it can vary from one development agency to another. Also, the price charged by outsourced companies will change based on the country where the development takes place.

  • Simple AR apps – $20,000 to $30,000
  • Mid-size AR apps – $50,000 to $200,000
  • Complex AR apps – $250,000 to $20,00,000

 
Cost of VR apps

The parameters for developing VR apps are the same as AR apps. Prices can fluctuate based on the development agency and the country to which the firm belongs.

  • Elementary VR games – $3,000 to $9,000
  • Online VR stores – $10,000 to $30,000
  • Complex games – $30,000 to $85,000
  • Complex apps – $90,000 to $150,000

 
To conclude

Now that you the cost of AR/VR solutions, it’s time to start searching for reliable and experienced organizations that can handle your project.

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Jayanti Katariya

At the core, Moon Technolabs is driven by the vision, sharpness and flourished under the leadership quality led by none other than the founder & CEO i.e, Mr. Jayanti Katariya. His simple-approach & never-give-up attitude is the virtue or rather aptitude that the entire team tries to grasp and follow. From client relations to business development, from industry updates to floor walking, he does everything in his power to provide support to the team.

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