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June 11, 2019

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AR/VR spending up

China鈥檚 market spending on augmented reality and virtual reality is forecast to exceed US$65.21 billion in 2023, according to a report published by the International Data Corporation. The figure is far beyond the forecast of US$6.53 billion of the market spending in 2019, data from the report showed. Training, retail showcasing and industrial maintenance occupy the top three in terms of commercial applications of AR/VR. While as for consumer spending, VR games, AR games as well as VR videos take up the top three, with spending volume scaling up to US$9.59 billion by 2023.


 

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