AR and VR headsets to see short-term Covid-19 decline – but IDC notes positive long-term outlook

IDC has forecast a decrease in augmented (AR) and virtual reality (VR) device shipments in the first half of 2020 due to supply chain disruptions caused by the recent Covid-19 outbreak – but says the long-term landscape is strong.

According to IDC, a decline of 10.5% is expected on a year-over-year basis in the first quarter, followed by a 24.1% decrease in the second quarter. However, a bounce back is expected in the second half of 2020, considering gradual production increase...

NexTech to acquire Jolokia for AR holograms in web conferencing

NexTech AR Solutions announced that it has signed a letter of intent to acquire interactive video solutions provider Jolokia in an all-stock transaction.

According to the deal, on closing, NexTech AR would require an initial payment of 1 million shares in restricted stock priced at $1, with a 12-month earn out if certain revenue milestones are hit of an additional $4 million in restricted stock.

As corporate meetings and events are happening online these days by medium of...

AR market value to exceed $100bn by 2024 n through emerging interaction methods for smart glasses

The value of the augmented reality (AR) market is set to break $100 billion by 2024, according to ABI Research, as emerging interaction methods for AR smart glasses maximise and optimise user experience.

The analyst firm’s latest report, ‘User Interface and User Experience in AR Technology’, states that more intuitive and user-friendly interaction would enhance UX and drive growth of the AR smart glasses market in the coming years.

Eleftheria Kouri,...

NexTech AR collaborates with Poplar over new brand advertising initiative

NexTech AR Solutions has joined hands with UK-based AR collaborative platform Poplar wherein the latter will utilise NexTech AR’s advanced WebAR technology, while NexTech AR would leverage Poplar’s brand new AR campaign creation platform.

David Ripert, CEO and co-founder of Poplar and ex-head of YouTube Spaces, EMEA, at Google, said: “We are thrilled to become partners with NexTech AR, whose web-based 3D visualisation tool will empower our global AR creator...

AR to overtake VR as dominant platform for healthcare, finds GlobalData

While healthcare assistance for virtual (VR) and augmented reality (AR) technologies remains nascent, AR is expected to move ahead over time as capabilities increase.

That’s according to a new report from GlobalData. The paper states that as the technology advances and with the availability of cheaper, more user-friendly VR and AR headsets, the barriers to widespread use in healthcare are beginning to fall. Though the technologies are in their early stage of adoption,...

NexTech to expand its AR services in learning and development industry

Vancouver-based software firm NexTech AR Solutions and Californian enterprise video solutions provider Jolokia have announced their collaboration to combine their individual expertise in their respective domains.

NexTech, which holds specialisation in web-based AR for eCommerce with technology ranging from simple 3D Images to hologram technology, will combine its skills with Jolokia’s secure, cognitive, and interactive video platform to expand its reach into the learning and...

Accenture and Qualcomm collaborate to pilot extended reality product for event planning

Accenture and Qualcomm Technologies have partnered with InterContinental Hotels Group to assess a solution that uses augmented and virtual reality to reinvent the event planning experience.

Accenture’s extended reality (XR) practice has developed the XR Event Planner solution in collaboration with Qualcomm Technologies, which will place event planners, buyers and hotel sales staff side-by-side in a virtual reconstruction of an event space, allowing them to remotely envision...

Mojo Vision announces breakthrough in linvisible computingr smart contact lenses

California-based startup Mojo Vision is developing a smart contact lens that will have an inbuilt display in what the company is describing as ‘the world’s first true smart contact lens.’

The Mojo Lens provides users with an eyes-up experience known as invisible computing whereby the information is accessed without looking down at a screen or losing focus on surrounding objects.

The invisible computing platform, which allows information to be prompt,...

NexTech AR to bring augmented reality to the mining industry with new deal

NexTech AR Solutions has announced that Romios Gold Resources will be using its augmented reality (AR) technology to demonstrate exploration projects. The latter has contracted for NexTech’s 3D/AR omni-channel services to help drive its marketing and client-education activities in 2020.

As reported by Proactive Investors, according to NexTech CEO Evan Gappelberg, its AR technology will enhance Romios to “bridge the gap by showing what actual core samples look like in...

PwC predicts AR and VR to add $4.1 billion into UAE economy by 2030

A recent study by PwC has predicted that augmented reality (AR) and virtual reality (VR) will together add $4.1 billion into the UAE economy by 2030, which will enhance the country’s GDP by 1%.

It says that AR and VR would significantly influence employment in the UAE, which will generate over 42,000 jobs in the country over the next decade.

Ali Al Hosseini, chief digital officer at PwC Middle East, said: “AR and VR technologies will improve how organisations in...