AR enhances a real-world scene, while VR provides an immersive virtual experience. While just 25% of AR is virtual, VR is 75% virtual. Unlike AR, VR requires a headgear device. While AR users interact with the real world, VR users navigate through a wholly made-up environment.
In contrast to Augmented Reality, which improves the real world by superimposing computer-generated data on top of it, Virtual Reality is the technology that creates experiences that are almost real and/or credible in a synthetic or virtual fashion. Using augmented reality, users can receive more information or have natural environments aesthetically altered in some way.
The Global Quantum Augmented Reality And Virtual Reality market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
With the launch of TechMVerse, its Metaverse practice, Tech Mahindra, a top provider of digital transformation, consulting, and business re-engineering services and solutions, will now be able to offer its clients engaging, immersive experiences in the Metaverse.
Tech Mahindra will build B2B use cases across industries by leveraging its industry-leading network and infrastructure capabilities, along with its foundational technological capabilities, such as pervasive Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing, in an effort to transform the customer experience and deliver real business outcomes.
In its initial phase, Tech Mahindra will take advantage of the Metaverse’s opportunities through a variety of use cases, such as the metaverse-based car dealership DealerVerse, the NFT marketplace Middlemist, the virtual bank MetaBank, and a gaming arcade.
In addition, it will link the metaverse approach with Tech Mahindra’s digital and ESG goals. It will provide immersive digital and professional experience services around design, content, as well as low code plug and play Non-Fungible Tokens (NFT) and Blockchain platforms.
The TechNOverse platform from TechMahindra would make it possible to seamlessly combine their well-known competence in 5G with their capabilities in AI, AR/VR, and blockchain. A team of 1000 engineers would be trained by them to ensure they are prepared to handle complicated business problems and envision entirely new worlds for their clients and society.
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