AR/VR Worldwide Spending To Hit $18.8B In 2020

Augmented and virtual reality are expected to get a shot in the arm in 2020 to the tune of $18.8 billion in global spending. VR and AR Examined from All Angles at IBC2017 promo image That forecast comes from a report by International Data Corporation and its “Worldwide Augmented and Virtual Reality Spending Guide.” If the $18.8 billion figure comes true, it would represent a 78.5% growth over the $10.5 billion IDC projects as the final figure for 2019. This would be the start of what IDC sees as growing spending habits until 2023, as the organization is projecting a five-year compound annual growth rate of 77%.