There are 3 Companies in Madrid
that provide AR/VR Development Services!

Although Madrid is not Spain’s largest tech center, in the past 7 years it grew dramatically and proved that it’s worth investing in companies and startups located there. The average fundings the city receives for startup programs is around $360M/year. Even though the amount of money is considerably higher than between 2010-2016, Madrid is far behind in investing real money compared to Europe’s leading tech centers (London $5.65B; Paris - $2.77B; Berlin - $2.67B).

Even so, back in 2019 Madrid was the home of over 1235 startups and now in 2021, the number is probably higher, despite the pandemics. However, these startups in Madrid are small in relatively new and do not attract large investments, which is totally different from Barcelona where tech startups have managed to attract a considerable amount of investors - with almost the same amount of startups the investments rose above $900M in 2019 only. 

On the other hand, Madrid and Barcelona are making out of Spain an example in the tech and IT industry. Spain managed to do what France and the UK could not achieve - decentralize the tech market. So now if we put Madrid and Barcelona’s tech stage together, Spain looks like a startup nation with a higher digitalization potential in all fields. Talking about startups, there a series of programs, accelerators, and incubators located in Madrid that power-up the tech scene and develop the business environment. Some of the most notable are Warya Spain, Impact Accelerator, Fundacion Repsol, Fil Rouge Capital, and Wanajump. 

Also, there are a series of tech behemoths and international corporations with offices in Madrid - Amazon, Vodafone, Ericsson-Worldwide, Amadeus, and Airbus. After all, Madrid is still Spain’s capital. 

When it comes to salaries -  we didn’t believe it either, but numbers are numbers, and glassdoor data states that the average wage in IT for professionals in Madrid is even higher than in Barcelona. 

Overall, Madrid is a good destination for investors, IT companies, young professionals, and generally for businesses that seek professional digital assistance. If the city will continue its digital transformation will probably become one of Europe’s top tech hubs.

AR/VR development services are at the lead of technological innovation, enabling businesses to create immersive and interactive experiences for their customers. AR overlays virtual content in the real world, while VR provides users with a simulated environment. These services are closely related to other emerging technologies like Artificial Intelligence and Game development, to name a few

According to Markets And Markets, the AR/VR market size is expected to reach by 2027, $114.5 billion, with a CAGR of 23.5%

In terms of advantages, businesses can reap numerous benefits by leveraging AR/VR development services from specialized IT companies. Here are some of the most significant benefits:

• Enhanced Customer Engagement: AR/VR experiences captivate customers, driving increased interaction and brand loyalty.
• Virtual Product Visualization: AR/VR enables customers to visualize products in their physical space before making a purchase, improving decision-making.
• Immersive Training and Simulation: AR/VR simulations provide realistic training environments, reducing costs and enhancing employee performance.
• Streamlined Design and Prototyping: AR/VR facilitates rapid prototyping and visualization, enabling businesses to iterate and refine designs efficiently.
• Interactive Marketing and Advertising: AR/VR campaigns create memorable and interactive experiences, leaving a lasting impression on customers.

When selecting an AR/VR development service provider for a project, it is recommended to consider the following criteria:

• Expertise and Portfolio: Look for companies with demonstrated experience in developing AR/VR applications relevant to your industry and desired use cases.
• Technology Capabilities: Assess the provider's proficiency in AR/VR development tools, platforms, and frameworks to ensure compatibility with your project requirements.
• User Experience Design: Consider companies that prioritize intuitive and immersive user experiences, ensuring seamless interactions and engagement.

TechBehemoths.com can be a valuable resource in choosing the best AR/VR development companies for your projects. With a comprehensive directory of over 740 IT companies offering AR/VR development services, TechBehemoths.com simplifies the search process. The platform provides detailed profiles, client reviews, and a meritocratic scoring system to help you evaluate and compare different service providers. You can leverage the advanced search filters to find companies with expertise in specific industries or project requirements, ensuring a tailored match for your AR/VR development needs.