Worldwide augmented and virtual reality revenues to reach $162 bn

The worldwide revenues for the augmented reality and virtual reality (AR/VR) market will grow from $5.2 billion in 2016 to more than $162 billion in 2020 says IDC.

This represents a compound annual growth rate (CAGR) of 181 percent over the 2015-2020 forecast period.


“For many years augmented and virtual reality were the stuff of science fiction. Now with powerful smartphones powering inexpensive VR headsets, the consumer market is primed for new paid and user generated content-driven experiences. Recent developments in healthcare demonstrated the powerful impact augmented reality headsets can have at the industry level, and over the next five years we expect to see that promise become realized in other fields like education, logistics and manufacturing,” said Chris Chute, vice president, Customer Insights and Analysis, IDC...Read More

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