The concept of virtual reality has significantly transformed the way businesses used to approach their customers and tempt them to buy their products and services. A few taps on your device’s screen and it gets delivered to your doorstep within a few hours or working days. The VR app development has certainly allowed maximum convenience for businesses to showcase their products and services with an immersive experience where users can view a product digitally and assess its size and shape as per their requirements. The AR app development has also been the other side of the coin that is responsible for the amazing environment that is created digitally in form of sounds, videos, and graphics.
This blog will discuss critical factors to be considered before developing an AR and VR app for your business. We have deliberately covered several crucial aspects including the cost, features, tech stacks, and other major factors that will offer valuable insights to develop your upcoming digital product.
Market Stats About AR/VR
The market for Augmented Reality was valued at $17.67 billion in the year 2020 and is expected to grow at a CAGR of 43.8% from 2021 to 28. The rising demand for remote assistance and collaboration among businesses and third-party service providers has further paved the way for this pragmatic technology.
The global Virtual Reality market size was also valued at $15.81 billion in the year 2020 and is expected to grow at a CAGR of 18% from 2021 to 28. Enhanced engagement and immersive user experience that VR offers to users make it the most demanded technology in today’s corporate world.
The Current Scenario
We are living in a digital era where people look for more advanced technologies that can bring things closer to them without any risk involved in the process. The AR/VR concept has been widely used by various top tech giants like Google, Facebook, and Microsoft. Whether it’s an iOS app development company or android, both have enjoyed umpteen benefits in fulfilling their clients’ requirements. On the other hand, there is hardly any industry left that is not focusing to leverage this unique technology for optimum results.
VR was much confined to developing video games with unmatched features and functionalities to enthrall users with an immersive 3D experience. Technology has started transforming various industries like retail, fashion, education, healthcare, transport, and many more with its amazing and widely diversified utilities.
Pre-requirements of VR App Development
Before you actually indulge in the VR app development process, you need to consider these crucial points to make most out of your app.
- Aim of the project
- Number of Features
- Screenshots or Sketches
- Existing Projects
Make sure that you include user-centric features that can add to their comfort to select or browse through different stores and products available on them.
Cost of VR App Development
Virtual Reality apps can be easily developed for several platforms like Gear VR, Google Cardboard, HTC Vive and Oculus Rift. Unity 3D is a cross-platform engine that allows maximum modifications in the VR app development.
A VR app development company based in India will charge an hourly development rate of $10 to $100 whereas a company based in US will charge $80 to $150. There are different development rates based on the geographical locations of these VR app development companies. Hence, you must make a decision depending on your project’s complexities. However, hiring a development company from India and Ukraine will prove to be a smart decision as developers from these countries are highly skilled and also charge affordable development rates.
We have mentioned some different app categories with their development costs.
- An average AR/VR Game development will cost you somewhere between $8000 to $12000
- An Online AR/VR shopping app development will cost you $18000 to $26000.
- Developing a 3D horror game can range between $30000 to $ 70000.
- An average Online tutoring app will cost you $15000 to 20000.
- An AR/VR mHealth app will cost you $25000 to $35000.
All these figures are diligently calculated by our experts, keeping development from scratch in mind and an average per hour development rate of $50 and some must-have features regarding each category.
What affects the Development Cost?
Now let’s discuss some crucial factors that add to the cot of AR/VR app development.
Kind of Development Agency: Try selecting the best AR/VR app development company based on your project requirements.
Type of platform: Whether you want to launch your app for Android users, iOS users, Windows user or for Linux.
Type of App: You can easily choose among cross-platform apps, hybrid apps, native apps, and web-based apps. This will depend on the project complexities and the type of audience that you want to capture.
Number of Features: The list of features will depend on the type of business for which you want to launch an app. Features can differ widely among Gaming, Retail, Healthcare, Education, and Shopping apps.