AR and VR Developers or Augmented Reality and Virtual Reality Developers are not just used for gaming anymore. The multi-faceted industry is a ‘game changer’ indeed for a variety of industries.
Wendy Gonzalez, CEO at Sama excitedly says the adoption of AR and VR technologies is no longer an option, but a necessity to close the gaps between physical and virtual spaces.
Along these lines, BCG Consulting informs that the adoption of AR and VR is an agile, launch-and-learn process adopted in several phases. Therefore many businesses link strategy, technology, and execution with AR and VR.
AR and VR are used interchangeably. But in reality, an AR developer works with mobile apps for creating a virtual reality experience (like Snapchat filters).
On the other hand, a VR developer creates a whole new simulation experience for users to see through a device (like PS4).
In most cases, an AR and VR Developer must be familiar enough to work with video game engines (like Unreal or Unity) besides constructing 3D settings.
If you know why Facebook changed its name to Meta, then you are one step closer to understanding the exploding market for AR and VR.
As per Allied Market Research (IDC), the AR/VR industry is set to achieve $454.73 bn by 2030 with an estimated CAGR of 40.7% in the forecasted period. The report also says that the rise of the mobile gaming industry and internet connectivity has propelled the growth of the global AR and VR industry.
Additionally, the increase in FMCG, particularly consumer electronic devices is also fanning the industry’s growth.
AR and VR along with MR (Mixed Reality) technologies are rapidly finding their spot across many industry verticals. Prominent tech companies are investing billions of dollars into AR and VR initiatives.
Burning Glass reports that careers in AR/VR can grow by 31.7% in the next ten years.
As per Glassdoor estimates, the national average of an AR and VR Developer in the USA is $41,354 per year with an added compensation between $301 – $63,881.
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