Augmented and virtual reality reap real world rewards as revenue forecasts hit $162bn for 2020

Augmented and virtual reality revenues are set to soar with analysts predicting that the sector will command revenues of $162bn by 2020.
This exponential rate of growth guarantees bumper times ahead for a market which commanded a mere $5.2bn in revenues for 2016.
Chris Chute, vice president, customer insights and analysis, The International Data Corporation (IDC), who published the figures said: “For many years augmented and virtual reality were the stuff of science fiction.