Number of jobs enhanced by AR/VR worldwide 2019-2030

As of a 2019 report, it is forecast that over 23 million jobs will be enhanced by virtual reality (VR) and augmented reality (AR) technologies globally by 2030, an increase from the 800 thousand jobs that were enhanced by VR and AR in 2019. VR, AR, and mixed reality (MR) is often referred to as extended reality (XR), an emerging term used for all immersive technologies.

Economic benefits of VR worldwide

Global spending on augmented reality and virtual reality (AR/VR) is forecast to grow once more in 2020, with the consumer VR hardware and software market also projected to experience an upward trend through to 2023. The potential impacts of new technologies like VR are now more apparent globally, with forecasts suggesting VR will boost GDP worldwide by 450.5 billion U.S. dollars by 2030. In addition to this, it is predicted that over 23 million jobs will be enhanced by VR/AR technologies globally by 2030.

Economic benefits of VR in Europe

For European nations, VR is forecast to bring about a number of social and economic benefits. A boost to gross domestic product (GDP) of 20.1 billion U.S. dollars by 2030 has been projected in the UK, whilst in France, GDP is forecast to receive a 14.4 billion U.S. dollar boost as a result of VR technology. Furthermore, over 400 thousand jobs will be enhanced by VR/AR in the UK by 2030, an increase from the 10 to 15 thousand jobs that were enhanced by VR/AR in the UK in 2019.