The Revolution that AR Tech can bring to the Gaming Industry
The Augmented Reality Market Forecast, according to IDC, was estimated to reach $27 billion in 2018, a 92% increase year over year, while the expected CAGR 2017–2022 is 72%. Largely due to the current rate at which it is used on smartphones, augmented reality is expected to reach billions of users in the coming years. This must be one of a kind tech revolution.
With successful use cases in military, healthcare, ecommerce and many others, augmented reality is set to take the world by storm, fueling traditional business models, and adjusting them with better interactive tools to work with. One of such industry that has experienced a fair share of this is the gaming industry.
The fascinating Pokémon GO game which represents one of our earliest encounters with AR in gaming, from the time of its launch in July of 2016, according to Guiness world records, has proven to be an AR sensation, generating $207 million in revenue its first month (first in history) and reaching a peak of 45 million daily users worldwide. Pokémon GO was estimated to have earned nearly $800 million in 2018 according to SuperData. Whooping, huh?
In addition, as at September, 2018, the augmented reality Pokémon GO game has recorded a staggering download of up to one billion, which equates to about 14% of the world’s population (source: Business of Apps).
The above statistics can only tell us how much revolution AR Tech can bring to the gaming industry, triggering massive adoption, and eking out huge returns in earnings as profit in the near future. With 75% of the world’s population owning a cell phone, according to Mobile Marketing Association Asia, and approximately 14% of the world’s population already having a taste of an AR game, the value AR tech is bringing to the gaming industry is just at its inception.
How AR Tech is bringing revolution to the gaming industry?
AR will allow gamers to interact with the real world via a digital setting while experiencing a real-life environment. AR is bringing revolution to the gaming industry by:
Facilitating rapid growth of the gaming industry: The AR sensation Pokémon GO game has proven this to be true. AR will provide game developers with tools to build innovative and creative games, incorporating mind blowing features that will keep more and more gamers addicted to these games, thus, translating to the growth of the gaming industry both in adoption and profits.
Enabling creation of more appealing games: Augmented reality will enable developers to create appealing games that will provide immersive experience for the users, which allows gamers feel they are personally interacting with their digital environment. This experience will make games more appealing to gamers.
AR is taking the gaming industry by storm!
How OVR come to play?
OVR is an augmented reality powered platform that provides developers with open source tools to which they can adopt in providing interactive gamification situations in their games using the technology of AR.
More games are being created, augmented reality can take the step further creating AR sensation games like Pokémon GO, whose effect has translated to huge returns in profits, mass adoption, among others.
OVR’s role in this is providing content creators and developers the opportunity to create AR sensation games that will provide gamers an opportunity to create their interactive experiences while playing their favourite games.
But wait! We have our own AR game coming soon. Here is our AR sensational game model…
OVR Farming Game Model
Our farming game allows you to grow crops and keep farm animals on your farming lands, then sell the produce thereafter as a medium of making profits. What is more exciting is that the farming game also allows you to steal crops from your friend’s farmland and sell to make profit, earning OVR tokens!
All this happens at real-time geographic locations just from your mobile device. OVR would be the first to launch such AR farming game on its platform in this month of May!
Wouldn’t you want to be one of the early players of OVR farming game? We can’t wait too…