So far Virtual Reality has been a clear highlight for 2016. VR has kept itself in the news for a longer period of time now, as it is set to be the next big thing in the coming years. According to reports released by Research and Markets, the virtual reality industry will be worth $15.89 Billion by 2020.
With the recent releases of high profile devices like Oculus Rift, it is believed that 60% of the growth will be seen every year for the next 5 years. Over the course of time, it won’t be just a thing enjoyed by the techy but will be a major platform for business, entertainment and gaming.
The reports also talks about augmented reality technologies like Microsoft’s HoloLens, which is also the part of the VR market. The report suggested that VR headsets will see more popularity than AR. VR will have a deeper impact in the future market. Continue reading