I'm not entirely sure, here's what Esri says: ArcGIS Reality is a suite of photogrammetry software products designed to enable reality capture workflows for sites, cities, and countries.
One main feature seems to be the abilaity to create & use so-capped True Orthophotos as opposed to Traditional Orthophotos.
- True Orthophotos vs. Traditional Orthophotos: Why do pixels matter in the age of AI?
- The Different Types of Ortho Images Created in ArcGIS
The animated GIF below demonsrates the main difference between true orthos & trad orthos.

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