Worldwide spending on augmented and virtual reality expected to top US$20bn in 2019, says IDC

Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to be nearly $20.4 billion (€17 billion) in 2019. This is an increase of 68.8% over the $12.1 billion (€10 billion) International Data Corporation (IDC) expects will be spent this year.

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Worldwide revenues for augmented and virtual reality forecast to reach US$162bn in 2020

According to the new Worldwide Semiannual Augmented and Virtual Reality Spending Guide from the International Data Corporation (IDC), 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.

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