Posts Tagged ‘Layar’

“Augmented Reality” Brings Real Estate To A New Dimension

Wednesday, March 31st, 2010

A prosperous new market marries iPhone superpowers with the reality of day-to-day.

  • The European tech company Layar has engineered a mobile browser that layers content over reality using your phone’s camera, compass and GPS data.
  • Layar’s augmented reality technology (A.R.) is now being used in the lucrative real estate industry.
  • Point your iPhone at a home or apartment and watch interior photos and value estimates appear onscreen.

Facts & Figures

  • 1,000 developers have designed 2,000 programs for the iPhone and Google Android using Layer’s technology.
  • By 2014, the A.R. market is expected to have annual revenue of $732 million.
  • Both Google and Microsoft are working on their own versions of A.R.

Best Quote

“There’s a lot of capital, a lot of money in real estate so we expect realtor brands to use it as a service to their customers and customers to use it just out of curiosity.” – Maarten Lend-FizGerald, Layar Co-Founder