Corismo is a French startup that provides outsourced payment solutions to help companies pay their suppliers and employees. The company has recently been involved in a new project with the InnReality platform. It is an automated way to process invoices, expenses, and other payments. Read on to learn more about Corismo’s involvement and how it can impact future outsourcing.
The global inReality market is anticipated to grow from $4.9 billion in 2020 to $11.8 billion by 2025, at a CAGR of 19%. Corismo is expected to be the major driving force behind this growth. With its share is estimated to increase from 17% in 2020 to 31% by 2025.
There are a number of reasons for this projected growth. inReality technology is used for various applications, such as training and simulation, marketing and advertising, and product development. The increasing demand for augmented and virtual reality (AR/VR) is also contributing to market growth.
In this article, we will explore some of the factors that are contributing to the growth of the inReality market.
What is InReality?
InReality is a 3D virtual reality platform that enables users to create and share VR experiences. The company was founded in 2016 by CEO André Juul and CTO Jakob Poulsen. InReality has partnerships with major studios and distributors, including 20th Century Fox, Lionsgate, NBCUniversal, and Warner Bros.
Corismo and I.R.I.S.’s History
Corismo is an international company specializing in the production and distribution of immersive reality (I.R.) products. I.R.I.S. was founded in 2006. It is a leading Italian company in the same field, with a strong focus on virtual and augmented reality (VR/AR). Two companies have collaborated since 2007 when Corismo created the world’s first I.R. content platform.
I.R.I.S has been involved in the development of Corismo’s products ever since.
In 2009, they formed a joint venture to create a new kind of entertainment experience: “The Experience”. It combined virtual reality with live-action performance elements to create an entirely new type of entertainment that could be enjoyed anywhere. “The Experience” was an instant success, breaking all records for ticket sales and becoming one of Italy’s most popular tourist attractions.
In 2013, they released their first consumer product: the Oculus Rift VR headset. It quickly became one of the most popular devices on the market. Corismo and IRIIS have continued to develop groundbreaking I.R products that are changing the way people interact with digital content and experiences
InReality as an Advantaged Market
The global inReality market grows from $2.4 billion by 2020 to $6.3 billion by 2024, at a CAGR of 27%. The key factors driving this growth are the rising demand for immersive experiences. The increasing adoption of virtual reality (VR) and augmented reality (AR) technology.
This growth is evident in the increase in investment in the inReality market. For example, Samsung announced that it will invest $250 million in VR as well as AR startups over the next three years. This investment illustrates how important these technologies are and highlights the importance of companies such as Corismo that are able to provide innovative solutions for these markets.
Some of the major players in the global inReality market include Facebook, Google, Microsoft, and Apple. These companies have been working on developing their own versions of these technologies. Which has created a competitive environment for those who want to be at the forefront of this growing industry. Corismo is confident that its unique offering will help it win over customers and emerge as a leading player.
Challenges of the Global InReality Market
The global inReality market is expected to reach $16.4 billion by 2024, according to a report by MarketsandMarkets. This growth is primarily due to the increasing adoption of virtual and augmented reality (VR) technology by businesses and consumers. The market will face some challenges, such as the high cost of equipment and software, limited available content, and lack of consumer acceptance.
One company that is hoping to address these challenges is Corismo. It has been developing virtual reality platforms since 2010 and has developed more than 50 applications for various industries. The company has also partnered with major companies such as Google and Facebook. Its platform offers easy access to VR content for users across different devices, including PCs, smartphones, and headsets. In addition, Corismo offers training programs that help businesses adopt VR technology quickly.
How Does Corismo Enhance I.R.I.S.’s Strategy?
The market is witnessing a rise in the adoption of virtual reality (VR) and augmented reality (AR) as a solution for business and marketing purposes. This growth is owing to the various benefits that these platforms offer, such as cost-effective deployment, better user engagement, and extended reach.
One of the pioneers in the development of VR and AR technology, Corismo, has been working to enhance its strategy to tap into this lucrative market. The company has developed several innovative products that are designed to improve user experience and drive engagement. Some of these products include I.R.I.S., Corismo’s flagship product; Corismo Studio, an intuitive VR content creation suite; and Corismo Viewer, an AR platform that enables users to view 3D objects in their surroundings.