42 days ago • Posted by William Ramstein

The virtual and augmented reality users market expands quickly

For the past several years, the market for VR and AR has steadily increased, albeit not dramatically. Last year, SuperData Research estimated that combined consumer VR and AR revenues worldwide would grow from $6.2 billion in 2019 to $6.7 billion in 2020. However, the firm expects 2021 to be a turning point when growth in both XR technologies accelerates, propelling revenues to $11.3 billion by 2023.

Source: Insider Intelligence