IDC Spending Guide Forecasts Strong Growth for Augmented and Virtual Reality - IDC

FRAMINGHAM, Mass., November 30, 2022 – Worldwide spending connected augmented world and virtual world (AR/VR) is forecast to scope $13.8 cardinal this twelvemonth and turn to $50.9 cardinal successful 2026, according to the International Data Corporation (IDC) Worldwide Augmented and Virtual Reality Spending Guide. The five-year compound yearly maturation complaint (CAGR) for AR/VR spending volition beryllium 32.3%. Virtual world volition relationship for much than 70% of each AR/VR spending passim the 2022-2026 forecast portion wide spending volition beryllium astir evenly divided betwixt user and commercialized applications.

"The AR/VR marketplace has been taking dilatory but definite steps successful caller years and is poised to instrumentality longer strides successful the years to come," said Ramon T. Llamas, probe director, Mobile Devices and AR/VR astatine IDC. "Recently announced and upcoming hardware from large brands showcase wide betterment from first-generation devices. The deeper proliferation into existent usage cases and the summation of caller ones item the versatility that AR/VR brings. And on with these is simply a full big of services to assistance marque them happen. The result: a maturing marketplace acceptable to thrive for consumers and commercialized users alike."

The named commercialized usage cases that are forecast to person the largest AR investments passim the forecast are concern attraction and training. Together, these 2 usage cases volition relationship for astir 1 3rd of each AR-related spending. In VR exertion investments, the 2 largest named commercialized usage cases are recovered successful grooming and collaboration, capturing astir 44% of the marketplace by 2026.

In comparison, the 2 starring user usage cases – virtual world gaming and augmented world gaming – volition turn to astir 25% of each AR/VR spending by the extremity of the forecast.

The usage cases that volition spot the fastest spending maturation implicit the forecast play are exigency effect (82.9% CAGR), augmented world games (57.8% CAGR), interior videography (47.8% CAGR), and collaboration (42.7% CAGR). Sixteen different usage cases are forecast to person five-year CAGRs of 30% oregon more.

"IDC introduced 34 further commercialized usage cases to the Worldwide AR/VR Spending Guide successful 2022, including minimally integrated, highly mobile, and distant usage cases arsenic good arsenic emerging virtual collaboration." said Marcus Torchia, probe vice president, Data & Analytics. "Enterprises deploy investments successful AR and VR successful a assortment of ways including headset-centric and idiosyncratic device-centric approaches arsenic good arsenic connected premise and via unreality services supported implementations. This flexibility is allowing enterprises to recognize affirmative returns and abbreviated payback periods connected their investments."

While commercialized spending volition way user spending overall, a fig of industries are expected to marque beardown investments successful AR/VR applications implicit the adjacent 5 years. The largest investments volition travel from discrete manufacturing, healthcare providers, nonrecreational services, education, and retail. The industries that volition present the strongest spending maturation implicit the forecast play volition beryllium healthcare, telecommunications, state/local government, and utilities.

From a exertion perspective, standalone and tethered head-mounted displays (HMDs) volition relationship for much than 1 3rd of each AV/VR spending passim the forecast, followed by software, which volition turn to much than a 4th of each spending by the extremity of the forecast. Host devices and tethered HMDs volition spot the fastest spending maturation with five-year CAGRs of 59.5% and 57.9%, respectively. Software volition besides acquisition beardown maturation with a CAGR of 41.3%.

On a geographic basis, the United States volition present the largest AR/VR spending totals, accounting for much than 1 3rd of the marketplace passim the forecast. China volition beryllium the 2nd largest region, increasing to astir a 4th of the wide marketplace successful 2026 with a five-year CAGR of 42.2%.

The IDC Worldwide Augmented and Virtual Reality Spending Guide (V2 2022) examines the augmented world (AR) and virtual world (VR) accidental from the usage case, technology, industry, and geography perspectives. Spending information is disposable for 9 regions, 20 industries, 80 usage cases, and 12 exertion categories. The information provides invaluable insights into this rapidly increasing marketplace and however the marketplace volition make implicit the adjacent 5 years.

About IDC Spending Guides

IDC's Spending Guides supply a granular presumption of cardinal exertion markets from a regional, vertical industry, usage case, buyer, and exertion perspective. The spending guides are delivered via pivot array format oregon customized query tool, allowing the idiosyncratic to easy extract meaningful accusation astir each marketplace by viewing information trends and relationships.

For much accusation astir IDC's Spending Guides, delight interaction Monika Kumar astatine mkumar@idc.com.

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About IDC

International Data Corporation (IDC) is the premier planetary supplier of marketplace intelligence, advisory services, and events for the accusation technology, telecommunications, and user exertion markets. With much than 1,300 analysts worldwide, IDC offers global, regional, and section expertise connected technology, IT benchmarking and sourcing, and manufacture opportunities and trends successful implicit 110 countries. IDC's investigation and penetration helps IT professionals, concern executives, and the concern assemblage to marque fact-based exertion decisions and to execute their cardinal concern objectives. Founded successful 1964, IDC is simply a wholly owned subsidiary of International Data Group (IDG), the world's starring tech media, data, and selling services company. To larn much astir IDC, delight sojourn www.idc.com. Follow IDC connected Twitter astatine @IDC and LinkedIn. Subscribe to the IDC Blog for manufacture quality and insights.

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