Meta Quest 2 fuels comeback for VR in 2021

The VR/AR market saw a dramatic increase in shipments in 2021, as Meta’s low-cost Quest 2 headset saw mainstream adoption. According to IDC, the worldwide market for augmented reality and virtual reality (AR/VR) headsets grew 92.1% year over year in 2021. Shipments reached 11.2 million units, with half of that total coming in Q4. The […]

Growth expected in global services revenue for 2021

Worldwide spend on telecommunications and pay TV services is forecast to reach US$1.5 trillion in 2021. According to the International Data Corporation (IDC), this would represent a 1% increase over 2020, with positive movement attributed to the quick recovery from the Covid-19 pandemic. APAC is expected to experience the fastest growth, due to higher-than-expected growth […]

Oculus Quest 2 drives VR shipments

Facebook led the way for VR shipments in the first quarter of the year. While enthusiasm for virtual reality has dipped in recent years, the market experienced a surge in interest when Facebook-owned Oculus released its standalone Oculus Quest 2 headset in late 2020 at a high quality and low cost.  The launch saw standalone […]

Sturdy APAC telco results dampen effects of pandemic on global market 

Better-than-expected results from operators in the APAC region will buoy global spend on telco and pay TV service. According to new stats from the International Data Corporation (IDC), worldwide spending on pay TV and telecommunication services will reach US$1.57 billion in 2020, representing a decline of 1.1% as a result of the Covid-19 pandemic. The […]

Smart home market to rebound in H2 after shaky Q2

The EMEA smart home market is expected to make a comeback in H2 2020 following a slump in the first half of the year. According to IDC, the smart home market declined by 7.2% in Q2 year-over-year, with the market accounting for 20.29 million shipments between April and June. Amazon and Google were the only […]

AR and VR headsets return to growth

Sales of augmented reality (AR) and virtual reality (VR) headsets saw an upturn in Q1 2019, following a year of decline. According to IDC, shipments of the headsets reached 1.3 million, up 27.2% from the same quarter last year.  This growth is thanks to a surge in shipments of standalone head-mounted displays (HMDs) and tethered […]

Telecom services and pay TV hit US$1.6 trillion in 2018

Worldwide spending on telecom services and pay TV services totalled US$1.6 trillion (€1.4 trillion) in 2018, an increase of 0.8% year over year, according to the International Data Corporation (IDC) Worldwide Telecom Services Database. IDC says that it expects that figure to be topped by 2023, with worldwide spending predicted to reach US$1,657 billion (€1,479 billion) in […]

IDC: VR headset returns to growth after four quarters of decline

The virtual reality headset market returned to growth in Q3 2018 after four consecutive quarters of decline and now makes up 97% of the combined VR and AR device market, according to IDC. The research firm said that global shipments for VR headsets reached 1.9 million units in the third quarter, up 8.2% year-on-year, as […]

IDC: global pay TV and telecom service revenues to grow 0.6% this year

Worldwide spending on telecom and pay TV services will increase by 0.6% in 2018 in constant dollar terms to reach US$1.65 trillion, according to the IDC Worldwide Telecom Services Database. Although IDC reported a “notable decrease in the growth rate” compared to the 1.2% recorded in 2017, it attributed this to new accounting rules that […]