Virtual Reality Market will grow more than 8 times by 2020

Virtual reality technology has the potential to be next major computing and communication platform in a decade. Virtual reality holds immense potential it is expected that Virtual Reality Market will grow more than 8 times from its current market value in 2015. This descriptive technology can be used in various applications like real estate, aerospace, medical, defense, education application, retail, e-commerce, industrial and marketing etc.

virtualreality

In recent years virtual reality technology has improved a lot as various companies are either making huge investments or have plans in near future. Such as Sony is engaged with project Morpheus, Facebook has acquired Oculus in USD 2 Billion, HTC has made partnership with a gaming company Valve, Google is working on devices named Cardboard, Samsung is with Samsung Gear.

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