Worldwide revenues for the augmented reality and virtual reality market are forecast to rise by 100 percent or more over each of the next four years, according to a new report from International Data Corp.
Total spending on AR/VR products and services is expected to jump from $11.4 billion in 2017 to nearly $215 billion 2021, for a compound annual growth rate (CAGR) of 113 percent. The U.S. will be the region with the largest AR/VR spending total in 2017 ($3.2 billion).
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