IDC Report Predicts AR & VR Markets Will Grow to $162 Billion+ by 2020

Published by , August 29, 2016 2:29 am

(VRFocus)  International Data Corp (IDC) has released a report that the VR and AR markets will grow from $5.2 billion in 2016 to more than $162 billion in 2020, meaning a total annual growth rate of 181.3%. It is also pointed out that Pokémon GO has raked in more than $250 million in revenue since its release, and will surpass $1 billion by the end of the year.
“For many years augmented and virtual reality were the stuff of science fiction,” Chris Chute, vice president of Customer Insights and Analysis at IDC, said in a press release. “Now with powerful smartphones powering inexpensive VR headsets, the consumer market is primed for new paid and user generated content-driven experiences.”

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