ABI Pegs Consumer VR Hardware as $5 Billion Market Opportunity by 2023

The consumer virtual reality hardware market will be a $5 billion global business opportunity by 2023, said ABI Research Thursday. It views 2018 as a “significant year” for augmented reality, with “with new entrants in the market, new smart glasses launched, new and improved platforms and portfolios, and generally more enthusiasm and curiosity from the public to explore the technology." Heavy market “fragmentation and scarcity of content” is plaguing consumer VR hardware growth, but it’s confident “this is decreasing over time.”