Digital TV News: Marcus Torchia

Worldwide spending on AR/VR expected to reach $18.8bn in 2020
Nov 27, 2019 – Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to be $18.8 billion in 2020, up 78.5% versus the $10.5 billion IDC expects will be spent in 2019. Continued strong growth is predicted for the 2019-2023 period.
News categories: IDC, Giulia Carosella, Marcus Torchia, Market Research, VR, Worldwide

Commercial and Public Sector investments to drive AR/VR spending
Jun 4, 2019 – Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to reach $160 billion in 2023, up significantly from the $16.8 billion forecast for 2019. According to IDC, the five-year CAGR for AR/VR spending will be 78.3%.
News categories: IDC, Tom Mainelli, Marcus Torchia, Market Research, VR, Worldwide

Spending on AR and VR expected to at least double each year to 2021
Aug 3, 2017 – Worldwide revenues for the augmented reality and virtual reality (AR/VR) market are forecast to increase by 100% or more over each of the next four years, according to the latest update from IDC.
News categories: IDC, Marcus Torchia, Tom Mainelli, Market Research, VR, Worldwide