IDC expects Meta to lose its VR dominance

IDC predicts Meta will lose its dominant marketshare in the VR market in the coming years.

The VR industry is growing rapidly. During Q1 2022, global VR headset shipments increased 241.6 percent compared to the same period last year.

Meta continues to dominate the market amid the success of its Quest 2 headset. According to IDC, Meta has now captured 90 percent of the market.

According to IDC, the biggest rival to Meta currently is ByteDance’s Pico; despite...