#Metaverse E-commerce Solutions India

[simulanissolutions]

As we navigate through the digital age, the concept of the metaverse is rapidly gaining prominence, transforming how we interact, learn, and engage with each other and the world around us. In India, one company is leading the charge in this revolutionary space: Simulanis Solutions. As a premier Metaverse Solutions Provider in India, Simulanis is dedicated to delivering cutting-edge solutions that empower businesses and enhance user experiences

[priyankashares]

The Impact of Metaverse Technology on India’s Digital Transformation

India’s digital transformation journey has been nothing short of remarkable, marked by rapid advancements in technology, widespread internet penetration, and a burgeoning digital economy. Over the past decade, the country has seen internet usage surge from just 10% in 2011 to over 50% in 2023, reflecting a rapid shift towards digitalization across various sectors.

As the nation strides forward, the Metaverse—an immersive digital universe that blends physical and virtual realities—is emerging as the next frontier in this evolution. A 2022 study by Deloitte estimates that the Metaverse could contribute up to 2.4% of India’s GDP by 2030, highlighting its potential to play a pivotal role in reshaping industries, enhancing digital experiences, and accelerating India’s digital transformation.

A 2023 report by PwC further supports this, predicting that by 2030, the Metaverse AI could generate nearly $1.5 trillion globally, with India expected to be one of the leading contributors.

Matthew Ball, a leading expert on the Metaverse, offers insight into this transformation, noting, “The Metaverse is not a place, it’s a moment in time when the digital world becomes more valuable than the physical one.”

As India embraces this transformative moment, the Metaverse will open up new opportunities across sectors like business, education, and entertainment, driven by innovative metaverse companies in India, propelling the nation toward an even more connected and digitally empowered future.

Driving Factors Behind India's Digital Transformation

India’s digital transformation is driven by several key factors:

Government Initiatives: Programs like Digital India (2015) have expanded internet access and promoted digital literacy.

Internet Penetration: Over 50% of the population is online, thanks to affordable data and widespread smartphone use.

Technological Innovation: Advances in AI, blockchain, and cloud computing are transforming industries and driving growth.

Startup Ecosystem: A thriving startup scene is disrupting traditional industries with innovative digital solutions.

E-commerce Growth: Platforms like Flipkart and Amazon have made online shopping mainstream, boosting digital transactions.

Digital Payments: UPI revolutionized payments, processing over 8 billion monthly transactions by 2023.

Youth Demographics: A young, tech-savvy population is fueling demand for digital services and platforms.

These factors collectively position India as a global leader in digital innovation.

Case Studies: Metaverse Applications in India

India is rapidly embracing the Metaverse, leveraging this innovative technology across various sectors. Here are some notable case studies showcasing how the Metaverse is being applied in India:

1. Education and Training

BITS Pilani's Metaverse Convocation

BITS Pilani, one of India’s premier educational institutions, made headlines by hosting its convocation on the ibentos Metaverse platform. This groundbreaking event allowed graduates to experience their convocation in a fully immersive, virtual environment. Students created avatars, interacted with peers, and received their degrees in a 3D digital setting. This innovative approach not only brought the global BITS Pilani community together but also set a new standard for how educational institutions can leverage the Metaverse for large-scale events.

2. Retail and E-commerce

Reliance Retail

Reliance Retail has ventured into the Metaverse by creating virtual shopping experiences where customers can explore digital stores, interact with products in 3D, and make purchases using digital currencies. This initiative is part of their broader strategy to integrate physical and digital shopping, providing customers with a seamless and engaging retail experience.

3. Real Estate

Hiranandani Group

The Hiranandani Group, a major real estate developer, has adopted Metaverse technology to offer virtual property tours. Prospective buyers can explore properties in a fully immersive environment, complete with 3D walkthroughs and interactive features. This has revolutionized the way real estate is marketed and sold, making it easier for buyers to make informed decisions from anywhere in the world.

4. Healthcare

Apollo Hospitals

Apollo Hospitals has implemented Metaverse applications in healthcare training and patient care. Through VR simulations, medical students and professionals can practice surgeries and complex procedures in a risk-free environment. Additionally, virtual consultations and therapy sessions are being offered to patients, expanding access to healthcare services across the country.

These case studies highlight how the Metaverse is not just a futuristic concept but a present-day reality in India, transforming industries and creating new opportunities for innovation and growth.

Benefits of Metaverse Adoption

1. Enhanced Collaboration and Communication

The Metaverse fosters real-time, interactive communication in virtual environments, improving remote teamwork. According to a 2023 Gartner report, virtual collaboration tools are expected to increase team productivity by 25%.

2. New Economic Opportunities

The Metaverse creates new revenue streams through virtual real estate and digital goods. A 2022 PwC study predicts the Metaverse could contribute $1.5 trillion to the global economy by 2030.

3. Immersive Learning and Training

Virtual environments enhance learning and training experiences. A 2023 report by Deloitte highlights that immersive training can improve knowledge retention by up to 70%.

4. Personalized Customer Experiences

Businesses can offer tailored experiences in the Metaverse, driving customer engagement. Forrester Research (2023) found that personalized virtual experiences can boost customer satisfaction by 30%.

5. Global Accessibility

The Metaverse enables global participation without geographic constraints. A 2022 McKinsey report noted that virtual platforms could expand market reach by 40% for global businesses.

6. Innovation in Marketing and Branding

Brands can create unique virtual marketing campaigns. According to a 2023 AdWeek survey, immersive brand experiences in the Metaverse increase brand recall by 50%.

7. Sustainable Practices

Shifting to virtual events and meetings reduces carbon footprints. The 2023 Environmental Impact Study found that virtual events cut travel-related emissions by 60%.

8. Future-Proofing Businesses

Early adoption of the Metaverse positions businesses for future growth. A 2023 Accenture report highlights that companies investing in Metaverse technologies are 35% more likely to lead in digital innovation.

Adopting the Metaverse offers significant benefits, including improved collaboration, new economic opportunities, and enhanced customer experiences, supported by recent studies and reports.

Conclusion

The Metaverse is accelerating India’s digital transformation by revolutionizing sectors such as education, retail, and healthcare. Its impact is clear in the enhanced engagement and new opportunities it offers.

To leverage these advancements and stay ahead, explore how ibentos, a trusted metaverse technology company can support your Metaverse initiatives. Connect with ibentos to discover how our solutions can elevate your digital strategy.

Source: https://ibentos.com/blogs/the-impact-of-metaverse-technology-on-indias-digital-transformation/

[xrhorizon]

Virtual Reality Event Planning Services in Kochi, Kerala, India

XR Horizon, a leading provider of Virtual Reality Event Planning Services in Kochi, Kerala, India, is at the forefront of unlocking the limitless possibilities of cutting-edge XR technologies. With a steadfast dedication to exploring the boundless potential of the metaverse, their primary mission is to curate captivating visual experiences for diverse sectors, including education, e-commerce, broadcast, and engineering. Clients who choose XR Horizon can expect exceptional quality and groundbreaking solutions that push the boundaries of what is achievable in the realm of extended reality technologies. Their commitment to exploring the limitless possibilities of the metaverse is unparalleled, making them the preeminent leader in XR services in the region. By harnessing the power of cutting-edge XR tools, XR Horizon is poised to transform the way we experience, interact, and engage with the digital world. From captivating educational experiences to immersive e-commerce platforms, their innovative solutions are redefining the boundaries of human-computer interaction. Partner with XR Horizon and unlock the infinite potential of the metaverse, where the impossible becomes possible, and the virtual seamlessly blends with the physical. Together, let's embark on a journey to redefine the future of human-centric experiences, where extended reality revolutionizes the way we perceive and interact with our surroundings.

[sassysuitdonut]

Augmented Reality Development Services in Kochi, Kerala, India

 Augmented Reality Development Services in Kochi, Kerala, India cater to the growing demand for innovative digital solutions that blend virtual elements with the real world. Xhorzen Bringing the futuristic Metaverse, augmented, virtual, and mixed reality content today. Their vision is to build immersive visual experiences in all sectors of life encompassing from education and E-commerce to Broadcast and Engineering. The AR/VR Classroom designed by XR Horizon for Britco and Bridco was launched in a Virtual Reality Show. The Virtual Reality show was one of its kind in launching events. Minister for Industries, Kerala, P. Rajeev launched the event in a fully immersive virtual environment.

[foxnangelseo]

The Booming Online Retail Sector in India: A Lucrative Investment Opportunity

India's online retail sector has witnessed tremendous growth in recent years, fueled by a digitally savvy consumer base and increasing penetration of e-commerce. According to a recent report by Deloitte India, the market size of India's online retail sector is projected to reach a staggering $325 billion by 2030, up from $70 billion in 2022. This rapid expansion is primarily attributed to the surging popularity of e-commerce in tier-2 and tier-3 cities, which have overtaken tier-1 markets in terms of total orders. In this blog, we will explore the investment potential of India's thriving online retail sector and the factors driving its remarkable growth.

The Deloitte India report highlights the extraordinary rate at which online retail penetration is expected to outpace offline retail in the next decade, estimated to be 2.5 times higher. As India emerges as the world's third-largest consumer market, the online retail sector is poised for exponential growth. Tier-2 and tier-3 cities have emerged as key contributors to this surge, accounting for over 60% of all orders in 2022. Tier-3 cities witnessed a remarkable 65% growth in order volume, while tier-2 cities experienced a substantial 50% growth.

Several factors have contributed to the rapid expansion of India's online retail sector. The convenience of ordering and returns, supported by a robust logistics infrastructure spanning over 19,000 pin codes, has played a pivotal role in attracting consumers. Furthermore, India boasts a digitally savvy consumer base of 220 million online shoppers, showcasing the strong demand for e-commerce services. The sector has also witnessed significant investments from private equity and venture capital firms, amounting to a staggering $23 billion over the past five years.

To cater to evolving consumer demands and enhance the shopping experience, retailers are increasingly adopting omnichannel retail strategies. This approach seamlessly integrates offline and online channels, providing consumers with the best of both worlds. Online sales are set to surpass organized retail, as retailers leverage technology, sustainability, and forward-thinking strategies to create an ecosystem that sets new benchmarks for value and engagement.

The projected growth of India's online retail sector presents lucrative investment opportunities in India For both domestic and international investors. The combination of a vast consumer base, increasing disposable incomes, expanding middle class, and rapid digitalization creates a favorable investment environment. Investing in online retail companies, logistics and supply chain infrastructure, technology-driven solutions, and innovative retail startups can yield significant returns.

Furthermore, the integration of traditional Kirana stores into the larger retail ecosystem opens up new markets, expands product ranges, and strengthens business presence. Collaborations between online retailers and kiranas can leverage their respective strengths, providing consumers with a wide array of products and seamless shopping experiences.

The retail landscape in India is undergoing a transformation, driven by factors such as increased internet usage in tier-2 cities, government support, convenience, personalization, and trust in influencers. Emerging technologies like augmented reality (AR), virtual reality (VR), and the Metaverse are revolutionising customer interactions, enhancing engagement, satisfaction, and sales. Retailers that create captivating and interactive shopping environments are likely to thrive in this evolving market.

India's online retail sector is experiencing unprecedented growth, poised to become a global force in the industry. The projected market size of $325 billion by 2030 presents a compelling investment opportunity in India. With a digitally savvy consumer base, expanding reach in tier-2 and tier-3 cities, and increasing investments in the sector, India's online retail landscape offers immense potential. By embracing technology, sustainability, and customer-centric strategies, retailers can shape an ecosystem that meets evolving consumer demands and sets new benchmarks for the industry. Investing in India's online retail sector today can yield substantial returns in the future, as the country's digital revolution continues to unfold.

This post was originally published on: Foxnangel

[gratix09]

GratixTechnogies - India's Premier Metaverse Development Company

In the ever-evolving landscape of technology, the metaverse has emerged as a groundbreaking concept, and GratixTechnogies stands at the forefront as India's leading Metaverse Development Company. With a commitment to innovation and cutting-edge technology, GratixTechnogies has not only embraced the metaverse revolution but has also played a pivotal role in shaping its trajectory.

Founding and Vision:

GratixTechnogies, founded in [year], embarked on a mission to redefine digital experiences by seamlessly blending the physical and virtual worlds. The company's vision revolves around creating immersive and interactive environments that transcend traditional boundaries, offering users a novel way to connect, collaborate, and explore.

Technological Expertise:

At the heart of GratixTechnogies' success lies its unparalleled technological expertise. The company boasts a team of skilled developers, engineers, and creative minds who specialize in cutting-edge technologies such as virtual reality (VR), augmented reality (AR), blockchain, and artificial intelligence (AI). This multidisciplinary approach enables GratixTechnogies to deliver holistic Metaverse Development Company solutions that cater to a wide array of industries.

Metaverse Solutions Portfolio:

GratixTechnogies has an extensive portfolio of metaverse solutions tailored to diverse sectors. From immersive virtual events and conferences to interactive educational platforms, the company's offerings span across entertainment, healthcare, education, gaming, and beyond. Each solution is meticulously crafted to meet the specific needs of the client, ensuring a seamless integration into their existing ecosystems.

Innovative Projects:

The hallmark of GratixTechnogies' success can be witnessed through its groundbreaking projects that have garnered attention on both national and international levels. One such project involves the development of a virtual shopping experience for a leading e-commerce giant, where users can navigate through virtual stores, try on virtual clothing, and make purchases in a highly realistic and engaging environment.

Collaborations and Partnerships:

GratixTechnogies has actively fostered collaborations and partnerships with industry leaders, further solidifying its position in the Metaverse Applications

 Development Company  development space. These strategic alliances have not only expanded the company's reach but have also facilitated the exchange of ideas and technologies, contributing to the continuous evolution of GratixTechnogies' offerings.

Corporate Social Responsibility (CSR):

Beyond its corporate endeavors, GratixTechnogies is committed to social responsibility. The company actively engages in initiatives aimed at leveraging Meta NFT Marketplaces Development Company technologies for social good. This includes creating virtual spaces for cultural preservation, providing virtual learning environments for underprivileged communities, and contributing to environmental causes through immersive awareness campaigns.

Challenges and Solutions:

As with any pioneering industry, the Metaverse Development Company sector is not without its challenges. GratixTechnogies, however, thrives on overcoming obstacles through a combination of adaptability and innovation. Whether it's addressing concerns related to user privacy, ensuring accessibility, or navigating the evolving regulatory landscape, the company remains at the forefront of finding sustainable solutions.

Future Outlook:

The Metaverse Development Company  is still in its infancy, and GratixTechnogies envisions a future where it plays a pivotal role in shaping the next phase of digital evolution. The company is actively investing in research and development, exploring emerging technologies, and staying abreast of global trends to ensure that its solutions remain at the forefront of the metaverse revolution.

Conclusion:

In the dynamic world of metaverse development, GratixTechnogies has established itself as a beacon of innovation and excellence. Through its technological prowess, commitment to collaboration, and dedication to social responsibility, the company has not only secured its place as India's No. 1 Metaverse Development Company but has also become a global force driving the metaverse revolution into uncharted territories.

As the Metaverse Development Company continues to captivate imaginations worldwide, GratixTechnogies stands poised to lead the way, shaping the future of digital interactions and redefining the boundaries of what is possible in the virtual realm.

[worldwideanalysis]

Metaverse Market Will Reach $1,525.7 Billion by 2030

In 2021, the metaverse market had a total size of $58.5 billion, and it is predicted to hit $1,525.7 billion by 2030, progressing at a rate of 43.7% from 2022 to 2030, as per a research report by P&S Intelligence. This can be credited to the increasing need for the metaverse to buy digital assets by using cryptocurrencies.

Furthermore, the rise of metaverse-focused businesses across the globe, the snowballing partnerships to grow advanced AR and VR solutions to get better patient output and to improve the overall surgical atmosphere, and the increasing expenditure in R&D activities are projected to boost the market growth in the years to come.

The metaverse combines the experience of virtual buying with the variety of choices offered by e-commerce. anyone can use avatars to make another identity. Numerous Zoomers witnesses their avatar as the cleanest form of individualism, whereas fashion players see a chance to support them in shaping such identities, thus solidifying brand loyalty. Clients can virtually browse designer handbags by using 3D technology. Virtually, customers can try new clothes and watches, and AI guarantees that they fit comfortably on their wrists.

The software category is projected to grow at the highest rate in the years to come. This can be because of snowballing demand for AR/VR smartphone applications and web app expansion tools, cloud-based tools, software development tools, and AR/VR studios. due to the emergence of avatar identity producers, decentralized and centralized gateways, and games like play-to-earn, the demand for software for metaverse channels is increasing at the fastest pace.

The APAC metaverse market is estimated to grow at the highest rate of above 50% in the coming years. this can be credited to the snowballing usage of AR/VR and the growing digitization in India, China, South Korea, and Japan.

In 2021, North America dominated the market. this can be ascribed to the increasing usage of phones, growing demand for AR/VR in numerous applications, and rising acceptance of smart devices.

Additionally, improved individual and corporate investment in digital solutions and enhanced technologies are contributing to market growth. Additionally, the snowballing application extents of AR technology in customer electronics quicken the development of the regional AR industry. It has been used for training and educational purposes in industries including entertainment, healthcare, gaming, and retail.

The European industry is estimated to witness considerable growth in the future. This can be primarily ascribed to the increasing number of people on social media channels and in the gaming sector.

Hence, the rise of metaverse-focused businesses across the globe, the snowballing partnerships to grow advanced AR and VR solutions to get better patient output and to improve the overall surgical atmosphere, and the increasing expenditure in R&D activities are the major factors that will drive the metaverse industry in the future.

[mobileapptechnology]

Top On Demad App Development Companies in Texas

Are you looking for the best mobile app development companies in texas? Find the best app developers in Texas (for iPhone, Android, and iPad). There are hundreds, if not thousands, of self-proclaimed mobile app development experts in the US with offices in Texas. GoodFirms has compiled a list of the best app development companies in Texas to help potential app clients choose the right company for their Android app and iPhone app projects. The following emerging market leading mobile app development companies in Texas provide powerful app solutions to help businesses monetize their businesses.

1. Hyena Information Technologies

Hyena is one of the best locations in Texas, USA, for creating mobile apps. The company's objective is to provide top-notch mobile applications that adhere to regulatory and industry standards. For a range of industries, including manufacturing, retail/e-commerce, banking & finance, and healthcare, it offers dependable application development services.

2. USM Business Systems

A well-known US-based provider of software and mobile app development services and solutions is USM Business Systems. The company is among the most famous and leading mobile app development companies in the United States of America with more than two decades of vast experience in mobile and web app development (US).

More than 800 successful mobile app development projects, 500 successful web apps, and almost 200 successful enterprise-grade software solutions were made available to top firms in the US, India, the UAE, and many other nations.

3. OpenXcell

OpenXcell comes under Top Mobile App Development Companies In USA and India, known for providing innovative and engaging mobile app solutions. Renowned as one of the best app development companies in the app space with its exceptional capabilities and the best team of mobile app developers and developers.

4. Utility

Utility specializes in building custom mobile apps and web software with innovative partners, from startups to Fortune 500 brands. Founded by digital leaders from companies like Major League Baseball and McCann Erickson, Utility is built by people who have been on the other side of the table. We are composed of digital product strategists, user experience designers and top-notch software engineers.

5. Hyperlink InfoSystem

A leader in application creation, Hyperlink InfoSystem provides a wide range of services to its international clientele, including on-demand mobile application development, Metaverse development, NFT marketplace development, and other services. Hyperlink Infosystem has created and delivered more than 4000 mobile apps and numerous other solutions since the company was founded in 2011.

6. DataArt

DataArt is a multinational software engineering company that approaches problems from a distinctly human perspective. DataArt's clients may create custom software that enhances business operations and expands markets thanks to the company's more than 20 years of experience, highly qualified technical teams stationed all over the world, in-depth understanding of industry sectors, and continual technology development.

Related Article: Best mobile app development companies in New York

7. Epsilon

Epsilon is a global advertising and marketing technology company based at the center of Publicis Groupe. They connect advertisers with consumers to increase performance while respecting and protecting consumer privacy and customer data. Epsilon accelerates clients' ability to leverage the power of their first-party data to drive campaign refinement, activation and measurement.

8. Cubix

Welcome to Cubix! We are happy to see you on our profile. Cubix is a leading developer of mobile apps, games and enterprise software! - expert in developing, customizing and integrating complex enterprise-level solutions, business intelligence analysis, advanced web and mobile solutions

9. Zco Corporation

Zco Corporation has made a name for itself as one of the best software development companies in the US. They provide their clients with a full range of mobile application development solutions, including custom mobile apps, games, enterprise software, 3D animation, and augmented and virtual reality applications.

10. Raftlabs

RaftLabs is a complete web and mobile application products and solutions company. We are driven by a mission to create products that simplify the customer experience and help businesses. We have over a decade of experience in creating streaming video and digital commerce solutions for startups, SMEs and enterprises.

Author: I’m Anita Basa, a fascinating Technical Content writer currently working at Best Android app development company in Dallas. Interested to know about technology updates. Mobile App Development, IoT, Artificial Intelligence, Machine Learning, IOS, and Technology-related content Get connected with me on Linkedin.

[silverlineswap]

A Strategic Partnership is Announced by Polygon and Flipkart

SilverLineSwap-Crypto News

One of India’s top digital commerce companies, Flipkart, today announced a strategic agreement with Polygon that will result in the establishment of the Blockchain-eCommerce Centre of Excellence, solidifying its commitment to blockchain technology.

The Centre will concentrate on e-commerce research and development in Web3 and the metaverse, investigating the subsequent iteration of online purchasing and usage. Flipkart is investigating how Web3 can reshape the future of commerce, consumption, and value creation and transform the shopping experiences for millions of people through its relationship with Polygon and the new Blockchain-Commerce Centre. The Centre will concentrate on e-commerce research and development in Web3 and the metaverse, investigating the subsequent iteration of online purchasing and usage.

Flipkart is investigating how Web3 can reshape the future of commerce, consumption, and value creation and transform the shopping experiences for millions of people through its relationship with Polygon and the new Blockchain-Commerce Centre. According to Jeyandran Venugopal, Chief Product and Technical Officer at Flipkart, “Innovation is one of the fundamental pillars for Flipkart and we have continually worked towards technology solutions to climb new frontiers and launch new goods and services.”

“We are thrilled to work with Polygon, a business that is leading blockchain innovation both nationally and worldwide,” the company said. The news follows Flipkart’s entry into the metaverse with eDAO, a Polygon-incubated project, in October. The top-down connection between customers and companies was reoriented by the “Flipverse,” which promoted new forms of engagement and use cases through NFTs that promoted community inquiry. It was also only the most recent of Flipkart’s Web3 projects: With the help of FireDrops, an easy-to-use NFT platform, creators, companies, and consumers can collaborate to discover, create, and sustain new forms of community while also experiencing the many benefits of NFTs.

Numerous well-known companies, like Adidas, Adobe, Robinhood, and Stripe, have already decided to use Polygon as their Web3 entry point. Flipkart is future-proofing its investment in blockchain by becoming a part of this thriving ecosystem. Recent innovations, such as Polygon’s zkEVM scaling solution, guarantee that the globe can be supported by the future version of the Web. For the largest firms in the world entering Web3, Polygon is the preferred blockchain. Sandeep Nailwal, the co-founder of Polygon, said: “Our objective is to attract the next billion consumers to Web3, hence we are thrilled to work with Flipkart to develop the Blockchain-eCommerce Centre of Excellence.

“We have firsthand knowledge of India’s talent pool. This collaboration will increase prospects, advance R&D, and strengthen India’s status as a Web3 powerhouse. We consider the Center of Excellence to be a logical step in the worldwide expansion of eCommerce.

Website | SPARC BETS | Twitter | Telegram | Instagram | Discord

[technuter]

Flipkart invites applications for the second cohort of Flipkart Leap Ahead and Flipkart Leap Innovation Network

In ongoing efforts to boost India's startup ecosystem, Flipkart, India's homegrown e-commerce marketplace, under its accelerator program - Flipkart Leap, has now opened applications for the second cohort. The program will invite applications under Flipkart Leap Ahead (FLA) and Flipkart Leap Innovation Network (FLIN) to support early-stage startups with the potential to disrupt the digital ecosystem.  Both these programs, FLA and FLIN, are tailored to suit the needs of startups across their growth journey, supporting them through insights, mentorship and funding as needed. While Flipkart Leap Ahead will provide equity-based investments into startups across varied sectors, Flipkart Leap Innovation Network will enable companies to enter into commercial partnerships with Flipkart's technology teams. The applications for the second cohort of FLA and FLIN will be open from November 24, 2022 until January 10, 2023. Ravi Iyer, Senior Vice President and Head - Corporate Development, Flipkart, said, "At Flipkart, we have continuously invested in India's dynamic and vibrant startup ecosystem through a host of programs. The second cohorts of Flipkart Leap Ahead and the Flipkart Leap Innovation Network will carry this torch ahead with investments and partnerships respectively into young startups. We are excited to work towards fueling new business models and fostering a culture of innovation to build the next generation of tech talent and solve real-world India-specific problems." Flipkart Leap Ahead (FLA)  Flipkart Leap Ahead is designed to provide equity based funding and growth acceleration to early stage startups which have the potential to advance the digital ecosystem in India. This program is the cornerstone of seed-stage investments made by Flipkart Ventures, the $100M venture fund announced by Flipkart. The accelerator will invest in pre-seed and seed stage startups, with a cheque size of upto $500K. In addition, to boost the growth of these startups, they will undergo a 60 day program designed to set them up for rapid scaling and growth. The startups will also be mentored by senior business, operations, product and tech leaders in Flipkart to help them leverage our collective expertise and connects. Startups building the next big thing across areas such as Logistics, Supply chain, Sustainability, Fintech, Healthtech, Gaming, Edtech, Consumer Tech, Web3 can apply. The first cohort of FLA included 6 startups - Dopplr, Livwell, LogisticsNow, Neuropixel.AI, Rightbot Technologies and SellerApp - building innovative products across Consumer Tech, Logistics, Automation, Insurtech and Metaverse sectors. In addition to investment, the cohort was offered a customized curriculum designed by Bain & Co, several curated sessions from industry leaders, and will be concluded in January 2023 with a demo day. Flipkart Leap Innovation Network (FLIN)  The Flipkart Leap Innovation Network is designed to engage with startups through commercial partnerships in Flipkart's areas of interest. Here, Flipkart will look at a wider pool of startups that already have viable offerings. The selected startups will deploy their solutions via paid pilots on Flipkart, and if successful - will have the opportunity to scale up to a business partnership. Startups that are solving for the Indian e-commerce ecosystem by building innovative solutions and are redefining the e-commerce landscape in areas of core shopping experience, seller enablement, supply chain innovations, tech infrastructure or the future of commerce can apply. The eight startups from the first cohort: Ashield, BigThinx, Datacultr, ElixiaTech, Intelliwings, Linksmart, TryNDBuy and Vitra.ai - have kicked off pilots working closely with the Flipkart Product and Engineering teams. A few have already emerged successful and are in the process of scaling up their offerings across Flipkart. These deployments will delight customers by providing a seamless shopping and payment experience, introduce new age commerce constructs and lower costs through a more efficient supply chain. Read the full article

[suprxr]

Supr XR Augmented Reality Companies

Supr Xr Augmented reality companies provide cloud-based scalable augmented reality solutions for real estate, education, interior design, and e-commerce. These solutions include home walkthrough augmented reality, and many others. If you're interested in using this technology in your business, you'll want to learn about the different types of companies and products that are currently available. Then, get ready for an exciting future!

XR technology

Currently, XR technology is limited by encumbering display units and headsets. However, the new 5G wireless service is expected to alleviate these issues and improve the use cases of XR technology. According to a survey conducted by Toluna and Advertiser Perceptions for Verizon Media, 44% of US adults cited the ability to stream VR content and enjoy AR experiences as benefits of the new service.

XR technology, also known as augmented reality, is rapidly gaining popularity in the world. With a growing smartphone population, India's XR industry is set to become US$160 billion by 2023, with more than $6.5 billion spent in the country alone. Smartphone penetration is the primary driver of the XR market in India, and this could result in new, critical use cases for this technology.

XR companies

Supr XR augmented reality is a new and growing technology that can be used for a variety of applications. It has already been used by Microsoft, Google, and Facebook, and a few other brands. In the near future, it is expected to become a powerful tool for businessmen and marketers. Supr XR augmented reality companies in India are leading providers of Metaverse augmented reality solutions.

One of the most common applications of augmented reality is in the retail sector. The retail giant IKEA has its headquarter on the outskirts of Mumbai. The process of purchasing furniture from IKEA is typically hectic, but with the help of an augmented reality app on a smartphone, customers can see if a piece will fit in their living space. Another use of augmented reality services is in online fashion stores. This technology allows customers to upload a picture of themselves wearing a particular outfit and see a virtual replica of it in their own home.

XR products

Supr XR augmented reality for eCommerce is a new way to let your customers virtually try out your products. WebAR eCommerce allows your customers to rotate, zoom, and explore 3D versions of products right from their mobile devices. It can increase your eCommerce sales by 3X! Through web AR shopping, you can allow your customers to view and explore your products directly from their smartphones, allowing you to deliver marketing messages. With Supr XR, you can develop a truly influential augmented reality online shopping store for your business!

Moreover, Supr XR augmented reality software can be developed by any company in the world. Whether you want to see a product in 3D or interact with it in a new way, Augmented reality for retail is a great way to enhance your customer experience! In fact, it can even be used by real estate companies for displaying statistics about the neighborhoods where they are located.

XR applications

Supr XR augmented reality application development companies in India are providing scalable cloud-based solutions in several industries, including e-commerce, interior design, and education. These companies also offer home walkthrough augmented reality. These technologies are proving to be highly beneficial for a number of industries, and the future of this technology is bright. However, some major challenges remain for healthcare organizations.

The advent of super-fast mobile networks will increase the viability of XR applications. While today's home broadband delivers around 100 megabits per second, 5G will be able to stream VR data to viewing devices. The viewing devices will upload tracking data to data centers that will then do the heavy processing. These rendered images can then be sent back to the users in real-time. The potential of Supr XR applications in India is enormous.

XR webar

WebAR eCommerce is a great tool for eCommerce businesses, allowing customers to place 3D models of their products in their physical environment. Using WebAR, shoppers can zoom in, rotate and view 3D products to get a closer look. By integrating WebAR into eCommerce websites, businesses can increase sales up to three times. Supr XR WebAR can be used across commercial and retail industries to build trust in consumers and allow them to try products before making a purchase.

With a range of scalable cloud-based augmented reality solutions, Supr XR is committed to creating the best possible augmented reality experience for your customers. They specialize in e-commerce, interior design and education, and provide an immersive AR experience for home walkthroughs. In addition to the latest technology, they also offer expert services in the development of custom augmented reality solutions.

[assetfinx]

Custom Blockchain Development Services

Blockchain is rising up its advancement in providing decentralized structure based solutions. As blockchain development services are keeping up with outstanding technology integrations.

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[xrhorizon]

Digital Twin Services in Kochi, Kerala, India

XR Horizon, a leading provider of Digital Twin Services in Kochi, Kerala, India, is at the forefront of unlocking the limitless possibilities of cutting-edge XR technologies. Their expertise in this rapidly evolving field is widely recognized across the industry. With a steadfast dedication to exploring the boundless potential of the metaverse, XR Horizon's primary mission is to curate captivating visual experiences for diverse sectors, including education, e-commerce, broadcast, and engineering. Their clear vision is to revolutionize human interaction and communication through the implementation of state-of-the-art XR tools, enabling the creation of truly immersive and captivating digital twin environments. Clients who choose XR Horizon can expect exceptional quality and groundbreaking solutions that push the boundaries of what is achievable in the realm of extended reality technologies. Their commitment to exploring the limitless possibilities of the metaverse is unparalleled, making them the preeminent leader in VR services in the region.

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[toomanysinks]

Despite short-term questions, games software/hardware to top $200 billion by 2023

Tim Merel Contributor

Tim Merel is managing director of Digi-Capital.

More posts by this contributor

For AR/VR 2.0 to live, AR/VR 1.0 must die

Chinese investment into computer vision technology and AR surges as U.S. funding dries up

There has been some negative sentiment surrounding the games industry recently, with stock prices of public games companies in question in both the U.S. and China. While being contrarian to market sentiment is always risky, it’s also possible that folks might be taking a long-term solution to a short-term problem. Games industry software/hardware combined revenue could drive well over $200 billion of revenue by 2023, and there was a record $5.7 billion investment in games companies in 2018. So what’s going on?

The games industry isn’t one monolithic sector. Depending on how you slice it, the market is made up of 15 sectors, eight platform types (e.g. mobile, PC, console) and even more proprietary hardware/software platforms (e.g. iOS, Android, Xbox One, Sony PS4, Nintendo Switch).

Games software/hardware sector revenue share versus growth (2018-2023)

(Note: See selected data below. Free charts do not include all the numbers, axes and data from Digi-Capital’s Games Report, with underlying data sourced directly from companies and reliable secondary sources.)

Mobile games rule

We first forecast mobile’s dominance of the games market way back in 2011. At that time, many traditional games companies didn’t believe mobile/online games could become the driving force for games. Some of those companies no longer exist, so what’s happening today is nothing new.

Total global mobile app store revenues (gross across games and non-games apps, including app store revenue share) topped $100 billion for the first time in 2018. Mobile games delivered around three quarters of that number, as they have consistently for years. So where mobile games drove more than $70 billion gross revenue globally last year, they could top $100 billion revenue (again gross, including app store revenue share) in their own right in the next five years. But like all games sectors, mobile games are hit-driven. And this could be the source of some of the mismatch between the market’s understanding of short-term trends and long-term potential.

For example, Supercell’s Clash of Clans and Clash Royale have delivered over $10 billion revenue to date. However, Supercell also saw revenues and profits decline in 2018 for the second year in a row as its franchises matured. Yet Supercell’s newest franchise, Brawl Stars, delivered $100 million revenue within its first two months. Swings and roundabouts.

Epic Games had the biggest breakout mobile games hit of 2018, with Fortnite contributing significantly to a reported $3 billion profit in 2018. It also anchored part of the interest behind a record $1.25 billion fundraising round last year. Yet the company removed once-dominant mobile franchise Infinity Blade from the App Store, and redirected internal development resources to focus on Fortnite by closing Paragon and stopping further development on Unreal Tournament. We will come back to Fortnite in the context of mobile games becoming platforms in their own right.

Perhaps the biggest concern for mobile games after last year is China, in which the regulator ceased approving new games for most of 2018. This weighed particularly heavily on market heavyweights Tencent and NetEase, although the regulator returned to approving their games this year. However, the regulator again stopped accepting games in February, only to approve more games in March. This regulatory risk has resulted in our downgrading Chinese games revenue growth rates until a clearer long-term pattern emerges.

Niantic’s mobile AR smash Pokémon GO took just over 1 percent of mobile games revenue globally last year, and has been reported to drive some astonishingly big numbers: 800 million downloads, more than $2.5 billion lifetime revenue, 147 million MAU, 5 million DAU, 78 percent of users aged 18 to 34, 144 billion steps taken by users, 500 million visits to sponsored locations and Niantic’s valuation of nearly $4 billion (Note: Not all of these figures have been confirmed by Niantic.) Off the back of this, Niantic is exploring Pokémon GO’s potential to become a platform, with GO Snapshot challenging Snapchat, and the Niantic Real World Platform as a serious AR Cloud player. We’ll come back to these.

PC games hardware/software is big, too

PC games hardware/software is made up of four individual sectors, including PC games hardware (gaming computers, upgrades and peripherals), PC games, online (DLC, IAP and subscriptions), PC games (digital sales) and PC games (physical sales). While each subsector has different characteristics, scales and growth rates, together they make up the only part of the market close to mobile games long-term. Google’s new Stadia cloud gaming platform and competitors could also fundamentally impact high-end gaming across all platforms (not just PC). Mobile games software and PC games hardware/software combined could deliver three quarters of total games industry revenues by 2023.

Selected multiplayer PC games (ex-China)

While PC games hardware is massive, users are buying that hardware mainly to play MMO/MOBA games. This part of the market is consolidated around franchises from major public games publishers such as Tencent and Activision Blizzard, as well as independents like Wargaming and Bluehole.

The console abides

Console games were the market leader for games hardware/software for decades, and remain huge despite no longer being an engine of growth. The highest growth here could come from console games (digital sales) and console games (online), with console games hardware and console games (physical sales) both ex-growth long-term. Despite flattish platform growth for console games hardware/software, they could still deliver multiple tens of billions of dollars revenue by 2023.

High-growth from a low base

Of the remaining market sectors, a handful are small today but have high-growth potential long-term. These include VR games, VR hardware, AR games and esports. Yet taken individually, each sector is likely to deliver in the 1 percent to 2 percent range of total games market revenue in five years’ time. So great for indie developers, but more challenging commercially for the big guns in terms of scale.

United nations of games

Geographical games market discussions tend to focus on China and the U.S., but there are more than 50 country markets driving growth at a global level. Scales and growth rates vary dramatically from giant, stable growth countries such as China (even with its current uncertainty), the U.S. and Japan to higher growth markets like India and Russia. In aggregate, Asia could take around half of global games market revenue by 2023 (despite short-term concerns about China). Europe might deliver around a quarter of global revenue, followed by North America at around one fifth in the same time frame. Countries in MEA and Latin America make up the balance at a much lower level.

Concentration versus growth

The law of big numbers caught up with the games industry years ago, with the 10 largest publicly listed games companies taking three quarters of public games company revenues globally (Note: This ratio does not include private games company revenues, which are substantial). When you already produce billions to tens of billions of dollars in revenue, high growth rates aren’t easy to come by as new hits counterbalance maturing franchises.

Public games company revenue share

(Note: Heat map displays relative revenue scale of publicly listed games companies. Private games company revenues not shown on this chart.)

Top grossing mobile games of recent years (outside China) often came from independents. Standouts include Supercell, King, Epic Games, Niantic, Machine Zone and others. Perhaps in response to this dynamic, there was more than $75 billion of games M&A over the last five years. Major games companies have been buying both growth and cash flow.

Mobile games as platforms?

The beauty of what Steve Jobs created with the App Store is that it democratized distribution of apps at scale beyond the early social games market. It also enabled indie games developers to build some of the rocket ships we’ve seen over the last decade. Yet despite massive growth, even the biggest mobile games couldn’t really be described as platforms in the traditional sense. Not yet.

Where Tencent’s WeChat messaging platform looks like a domestic app store rival with its “mini-programs,” some mobile games pureplays are taking very different routes to becoming platforms in their own right.

For Epic Games, the recent Marshmello concert in Fortnite held out the tantalizing prospect of the beginnings of the “Metaverse” on ubiquitous, affordable mobile devices. With 10.7 million concurrent attendees, this represents a significant milestone in the evolution of games as platforms. Given Fortnite’s previous records for streaming on Twitch and concurrent esports tournament viewers, the savvy Tim Sweeney is beginning to leverage all that scale in a totally new way. Together with building its own app store and the quality of its Unreal Engine, the lessons learned from Fortnite and partial owner Tencent are leading to new horizons.

Where Epic Games is building a metaverse that is a little like Ready Player One without the headsets, Niantic has taken a different approach. Leveraging the real-world, big data stream coming from Pokémon GO, Niantic is building the core of an AR cloud ecosystem to challenge Google, Apple and Facebook. It could also move the company far beyond its entertainment origins for real-world navigation, social, e-commerce, advertising and more.

Epic Games and Niantic could become two of the most valuable platform companies in the world, with long-term potential even they might not fully understand yet.

To infinity and beyond

All this potential doesn’t mean that short-term concerns aren’t valid, or that some games companies (even those currently at scale) might not fall from grace. Some of the volatility of recent times could turn out to be right on the money. When we talked to Epic Games’ CEO Tim Sweeney about all of this, he said “I think that we’re just in the final days of a long transition away from the old retail-centric game release model. Good times ahead.”

With the long-term prospects for games still looking positive, the brave, bold and lucky could have a bright future.

source https://techcrunch.com/2019/03/20/despite-short-term-questions-games-software-hardware-to-top-200-billion-by-2023/

[fmservers]

Despite short-term questions, games software/hardware to top $200 billion by 2023

Tim Merel Contributor

Tim Merel is managing director of Digi-Capital.

More posts by this contributor

For AR/VR 2.0 to live, AR/VR 1.0 must die

The Reality Ecosystem: What AR/VR/XR needs to go big

There has been some negative sentiment surrounding the games industry recently, with stock prices of public games companies in question in both the U.S. and China. While being contrarian to market sentiment is always risky, it’s also possible that folks might be taking a long-term solution to a short-term problem. Games industry software/hardware combined revenue could drive well over $200 billion of revenue by 2023, and there was a record $5.7 billion investment in games companies in 2018. So what’s going on?

The games industry isn’t one monolithic sector. Depending on how you slice it, the market is made up of 15 sectors, eight platform types (e.g. mobile, PC, console) and even more proprietary hardware/software platforms (e.g. iOS, Android, Xbox One, Sony PS4, Nintendo Switch).

Games software/hardware sector revenue share versus growth (2018-2023)

(Note: See selected data below. Free charts do not include all the numbers, axes and data from Digi-Capital’s Games Report, with underlying data sourced directly from companies and reliable secondary sources.)

Mobile games rule

We first forecast mobile’s dominance of the games market way back in 2011. At that time, many traditional games companies didn’t believe mobile/online games could become the driving force for games. Some of those companies no longer exist, so what’s happening today is nothing new.

Total global mobile app store revenues (gross across games and non-games apps, including app store revenue share) topped $100 billion for the first time in 2018. Mobile games delivered around three quarters of that number, as they have consistently for years. So where mobile games drove more than $70 billion gross revenue globally last year, they could top $100 billion revenue (again gross, including app store revenue share) in their own right in the next five years. But like all games sectors, mobile games are hit-driven. And this could be the source of some of the mismatch between the market’s understanding of short-term trends and long-term potential.

For example, Supercell’s Clash of Clans and Clash Royale have delivered over $10 billion revenue to date. However, Supercell also saw revenues and profits decline in 2018 for the second year in a row as its franchises matured. Yet Supercell’s newest franchise, Brawl Stars, delivered $100 million revenue within its first two months. Swings and roundabouts.

Epic Games had the biggest breakout mobile games hit of 2018, with Fortnite contributing significantly to a reported $3 billion profit in 2018. It also anchored part of the interest behind a record $1.25 billion fundraising round last year. Yet the company removed once-dominant mobile franchise Infinity Blade from the App Store, and redirected internal development resources to focus on Fortnite by closing Paragon and stopping further development on Unreal Tournament. We will come back to Fortnite in the context of mobile games becoming platforms in their own right.

Perhaps the biggest concern for mobile games after last year is China, in which the regulator ceased approving new games for most of 2018. This weighed particularly heavily on market heavyweights Tencent and NetEase, although the regulator returned to approving their games this year. However, the regulator again stopped accepting games in February, only to approve more games in March. This regulatory risk has resulted in our downgrading Chinese games revenue growth rates until a clearer long-term pattern emerges.

Niantic’s mobile AR smash Pokémon GO took just over 1 percent of mobile games revenue globally last year, and has been reported to drive some astonishingly big numbers: 800 million downloads, more than $2.5 billion lifetime revenue, 147 million MAU, 5 million DAU, 78 percent of users aged 18 to 34, 144 billion steps taken by users, 500 million visits to sponsored locations and Niantic’s valuation of nearly $4 billion (Note: Not all of these figures have been confirmed by Niantic.) Off the back of this, Niantic is exploring Pokémon GO’s potential to become a platform, with GO Snapshot challenging Snapchat, and the Niantic Real World Platform as a serious AR Cloud player. We’ll come back to these.

PC games hardware/software is big, too

PC games hardware/software is made up of four individual sectors, including PC games hardware (gaming computers, upgrades and peripherals), PC games, online (DLC, IAP and subscriptions), PC games (digital sales) and PC games (physical sales). While each subsector has different characteristics, scales and growth rates, together they make up the only part of the market close to mobile games long-term. Google’s new Stadia cloud gaming platform and competitors could also fundamentally impact high-end gaming across all platforms (not just PC). Mobile games software and PC games hardware/software combined could deliver three quarters of total games industry revenues by 2023.

Selected multiplayer PC games (ex-China)

While PC games hardware is massive, users are buying that hardware mainly to play MMO/MOBA games. This part of the market is consolidated around franchises from major public games publishers such as Tencent and Activision Blizzard, as well as independents like Wargaming and Bluehole.

The console abides

Console games were the market leader for games hardware/software for decades, and remain huge despite no longer being an engine of growth. The highest growth here could come from console games (digital sales) and console games (online), with console games hardware and console games (physical sales) both ex-growth long-term. Despite flattish platform growth for console games hardware/software, they could still deliver multiple tens of billions of dollars revenue by 2023.

High-growth from a low base

Of the remaining market sectors, a handful are small today but have high-growth potential long-term. These include VR games, VR hardware, AR games and esports. Yet taken individually, each sector is likely to deliver in the 1 percent to 2 percent range of total games market revenue in five years’ time. So great for indie developers, but more challenging commercially for the big guns in terms of scale.

United nations of games

Geographical games market discussions tend to focus on China and the U.S., but there are more than 50 country markets driving growth at a global level. Scales and growth rates vary dramatically from giant, stable growth countries such as China (even with its current uncertainty), the U.S. and Japan to higher growth markets like India and Russia. In aggregate, Asia could take around half of global games market revenue by 2023 (despite short-term concerns about China). Europe might deliver around a quarter of global revenue, followed by North America at around one fifth in the same time frame. Countries in MEA and Latin America make up the balance at a much lower level.

Concentration versus growth

The law of big numbers caught up with the games industry years ago, with the 10 largest publicly listed games companies taking three quarters of public games company revenues globally (Note: This ratio does not include private games company revenues, which are substantial). When you already produce billions to tens of billions of dollars in revenue, high growth rates aren’t easy to come by as new hits counterbalance maturing franchises.

Public games company revenue share

(Note: Heat map displays relative revenue scale of publicly listed games companies. Private games company revenues not shown on this chart.)

Top grossing mobile games of recent years (outside China) often came from independents. Standouts include Supercell, King, Epic Games, Niantic, Machine Zone and others. Perhaps in response to this dynamic, there was more than $75 billion of games M&A over the last five years. Major games companies have been buying both growth and cash flow.

Mobile games as platforms?

The beauty of what Steve Jobs created with the App Store is that it democratized distribution of apps at scale beyond the early social games market. It also enabled indie games developers to build some of the rocket ships we’ve seen over the last decade. Yet despite massive growth, even the biggest mobile games couldn’t really be described as platforms in the traditional sense. Not yet.

Where Tencent’s WeChat messaging platform looks like a domestic app store rival with its “mini-programs,” some mobile games pureplays are taking very different routes to becoming platforms in their own right.

For Epic Games, the recent Marshmello concert in Fortnite held out the tantalizing prospect of the beginnings of the “Metaverse” on ubiquitous, affordable mobile devices. With 10.7 million concurrent attendees, this represents a significant milestone in the evolution of games as platforms. Given Fortnite’s previous records for streaming on Twitch and concurrent esports tournament viewers, the savvy Tim Sweeney is beginning to leverage all that scale in a totally new way. Together with building its own app store and the quality of its Unreal Engine, the lessons learned from Fortnite and partial owner Tencent are leading to new horizons.

Where Epic Games is building a metaverse that is a little like Ready Player One without the headsets, Niantic has taken a different approach. Leveraging the real-world, big data stream coming from Pokémon GO, Niantic is building the core of an AR cloud ecosystem to challenge Google, Apple and Facebook. It could also move the company far beyond its entertainment origins for real-world navigation, social, e-commerce, advertising and more.

Epic Games and Niantic could become two of the most valuable platform companies in the world, with long-term potential even they might not fully understand yet.

To infinity and beyond

All this potential doesn’t mean that short-term concerns aren’t valid, or that some games companies (even those currently at scale) might not fall from grace. Some of the volatility of recent times could turn out to be right on the money. When we talked to Epic Games’ CEO Tim Sweeney about all of this, he said “I think that we’re just in the final days of a long transition away from the old retail-centric game release model. Good times ahead.”

With the long-term prospects for games still looking positive, the brave, bold and lucky could have a bright future.

Via David Riggs https://techcrunch.com