Enterprise’s increasing confidence in AR/VR return on investment will drive adoption within a broader digitization market
A greater understanding and acceptance of the value of AR and VR solutions across enterprise verticals are driving continued investment and growth. In addition, advancements in hardware and software systems and increasing capabilities are creating a robust objective value among numerous use cases. According to ABI Research, this growth trend will continue as more ROI data points become available, and enterprise AR/VR customers continue to scale their efforts.
Companies such as Portico and PixoVR have proven that leveraging VR solutions reduces training time significantly. Porsche decreased service resolution time by 40% when utilizing AR guidance and remote assistance for maintenance, and Boeing managed to reduce production time by 35% with AR compared to traditional documentation and training methods. There are numerous successful examples in the market that prove the advantages that emerging solutions bring in terms of employee efficiency, improved production and quality, customer service, and machine lifecycle. Overall Equipment Effectiveness (OEE) can benefit dramatically from AR/VR, especially with reduced service resolution rate, error/defect rate, and total unplanned downtime.