Immersive experiences are the future of branded experiences and brand events
Once upon a time, brand experience meant little more than handing out some branded lollies, using models dressed up in branded tees, or talking to customers about the brand by telling a quick story.
However, with increasingly demanding consumers in an increasingly crowded marketplace, that’s simply not enough any more. Consumers are demanding more from their favourite brands – they’re happy to let brands into their lives but want to be rewarded with unique and special experiences.
With technology helping brands take their consumers on a more interactive and engaging journey, the marketing process has ramped up a notch. And, as the global augmented reality market is expected to grow to a whopping US$117.40 billion by 2022, as per estimates released by MarketResearch.com, immersive experiences are expected to become increasingly powerful.
So we have what marketers and experiential agencies are calling ‘the immersive experience’. It’s next level experiential and greys the lines between reality and fantasy. For years, marketers have been delivering compelling customer experiences, but now they add technology and the internet to deliver Virtual Reality and Augmented Reality experiences where the brand takes over the entire customer environment. Print media, television and the internet provide a two-dimensional experience. An immersive experience gives the audience a sense of actual presence, which completely transforms the experience. Consumers become a part of the environment with the ability to react to events they encounter.
Much of this new focus is fueled by Millennials, who give preference to experiences over products, according to an article in Business.com. They spend money on experience-related purchases. This has driven the experience economy, and brands are increasingly focused on turning ordinary products into experiences so they remain interesting and relevant to a new set of consumers.
Being bombarded with advertisements used to be a way to cut through but people have learned the art of avoiding them. We seem to have developed a ’built-in Adblock’, says an article by ScribbleLive. Immersive storytelling offers something novel and lets one develop unique stories and environments to attract and engage prospective customers.
Let’s take a look at some recent examples to demonstrate how an immersive experience can be different.