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Global spending on AR/VR to hit USD 18.8 bln in 2020 - study

Wednesday 27 November 2019 | 16:22 CET | News
Worldwide spending on augmented and virtual reality (AR and VR) is expected to reach USD 18.8 billion in 2020, a jump of 78.5 percent from the 10.5 billion estimated for this year, according to the latest study from IDC. Spend will be led by the commercial sectors, which is seen growing to 68.8 percent in 2023, from less than 50 percent in 2020. For 2020, retail and discrete manufacturing will spend the most, at USD 1.5 billion and 1.4 billion respectively. Growth will however also come from securities and investment services, and the banking sector. Public sector spending will be steady for

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Categories: IT / Mobile & Wireless
Countries: World
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