VR Revenue to Rise at 42% CAGR Through 2026: ABI

Steady expansion in the enterprise and consumer segments for virtual reality will drive a 42% compound annual growth rate in global market revenue, reaching more than $56 billion by 2026, reported ABI Research Thursday. VR has had “many ups and downs” during this pandemic, hampering growth around location-based VR but finding increasing traction in consumer applications, said ABI: “VR gaming is driving the consumer VR market today.”