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By CIW Group
The five-year CAGR of the Chinese language market is predicted to succeed in 43.8%, rating first on this planet. VR video games will proceed to guide the VR market with a share of greater than 30%.
In keeping with IDC’s newest forecast information, the whole international AR/VR funding in 2021 was near US$14.67 billion, and is predicted to extend to US$74.73 billion in 2026, with a five-year compound progress fee (CAGR) of 38.5%.
The five-year CAGR of the Chinese language market is predicted to succeed in 43.8%, rating first on this planet.
China accounted for 38% of the worldwide market share in 2020, the most important market of all, adopted by america, Western Europe, and Japan.
In 2021, the dimensions of IT-related expenditure in China’s AR/VR market was about US$2.13 billion and can improve to US$13.08 billion in 2026, making it the second-largest single nation market on this planet.
Amongst them, AR spending will develop quickly with a five-year CAGR of 49.0%, and the VR expenditure scale will preserve a steady progress …
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