What Does 2020 Hold for XR Beyond Gaming?
Usage of Augmented Reality, Virtual Reality and Mixed Reality, collectively known as Extended Reality or XR, made significant strides in 2019 - but what does 2020 hold? The XR market continues to grow at an exponential pace across a broad range of industries. The worldwide market is estimated to be $16.8 billion in 2019 but is forecast to exceed $160 billion by 2023. More than 2,000 mobile AR apps and VR gaming applications may create the public perception that XR is mainly for gaming. But beyond the gaming industry, what does XR have to offer? What other industries are adopting XR technologies? Where Will the XR Pros Be Working? Worldwide spending on AR/VR solutions will be led by the commercial sectors, which will see their combined share of overall spending grow from 64.5% in 2019 to more than 80% in 2022, according to IDC. The VXR Industry Insight Report 2019-2020, based on a cross-sectional survey of 761 XR professionals in Q2-Q3 2019, supports these findings. This