IDC:AR/VR market will still see eventual growth in 2020

March 23, 2020

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AR/VR market will see a 10.5% decline in the first quarter of 2020, followed by a 24.1% decline in the second due to supply chain disruptions caused by the COVID-19 outbreak, according to IDC.However, IDC’s ‘Worldwide Quarterly Augmented and Virtual Reality Headset Tracker’ states that assuming production ramps back up by midyear, a rebound in the second half of 2020 will result in total shipments of nearly 7.1 million units for the year, up 23.6% from 2019. Long-term growth will be strong throughout the forecast period with shipments growing to 76.7 million units in 2024, resulting in a compound annual growth rate (CAGR) of 81.5%.

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MEDIA AND BROADCASTING

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Spotlight

Nine

Nine’s strategy is to create great content, distribute it broadly, and engage audiences and advertisers.As the home of Australia’s most trusted and loved brands spanning News, Sport, Lifestyle and Entertainment, we pride ourselves on creating the best content, accessed by consumers when and how they want, while celebrating our ability to give the shared experiences to audiences, the ones that connect us together.Our business operates in the following four divisions: Australian Community Media & Printing and Stuff; Publishing (including Metro Mastheads, Nine Digital and Events); Stan; and Television.

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