
Petroc Taylor
Research expert covering global developments in the use of data
Get in touch with us nowThe chart is not accessible to screen readers. Please switch to the table view to access the data.
As projected in a 2019 report, the business uses of extended reality (XR) technologies worldwide will increase across all industries from 2018 to 2023, with forecasts estimating that in 2023, ** billion U.S. dollars will be spent on these technologies by the manufacturing and construction industry alone.
A common misconception is that virtual reality (VR) and augmented reality (AR) are limited to the gaming and entertainment industries. However, this is beginning to change, with experts finding that during 2019, industrial spending on XR technologies overtook consumer spending. By 2023, analysts have suggested that industrial usage will be times larger than that of consumers, with the uses of XR technologies widening and developing further as businesses realize the full potential.
Log in or register to access precise data.
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
About the industry
About the region
Selected statistics
Other regions
Related statistics
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.