Augmented Reality is Changing Our Workplace; Here’s How

There’s a new buzzword when it comes to augmented reality (AR), and that term is Enterprise AR. Enterprise AR refers specifically to how AR is being used in the workplace, in training, and in business practices. Many companies are finding that as a business solution, it is vastly outstripping how it is being used in commercial applications. While AR seems to struggle in finding niches in commercialism past the likes of Pokemon games and snapchat filters, it’s finding solution spaces in the workplace with things like data visualization, line-of-sight instructions, field maintenance, and remote support.Key decision-makers are reporting that AR is great for streamlining the transfer of knowledge. This is leading to better return on investment (ROI) and the generation of more quality case studies to promote future use of AR. Here are a few examples of its current best benefits. 

What the Numbers Don’t Say

According to IDC’s Worldwide AR/VR Spending Guide, the global enterprise AR market will hit $7.5 billion by 2022, and a staggering $46.6 billion by 2025, a 521% gain in just three years. It is estimated that utilities, government, and manufacturing industries will eat up 30% of that spending, suggesting that the public sector will be the biggest endorsement for AR. Spending on AR-enabled industrial asset maintenance alone, along with safety and onsite assembly, will reach $1.5 billion by 2022. Utilities companies, along with utility functions within companies, will hit $2.5 billion in spending on AR by 2025.