Western European Spending on Augmented and Virtual Reality Forecast to Reach $2.5 Billion in 2017, says IDC
The Worldwide Semiannual Augmented and Virtual Reality Spending Guide update, recently released by International Data Corporation (IDC), forecasts Western European revenues for the augmented reality and virtual reality (AR/VR) market to reach $2.5 billion in 2017, showing a 131% increase over the $1.1 billion spent in 2016. AR/VR spending will further accelerate in the coming years, achieving a compound annual growth rate (2015-2020 CAGR) of 210% and totaling $25.7 billion in 2020. “These kinds of devices have been around for a while; but now we are seeing the right combination of content, components, investment and…
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