VIRTUAL REALITY COULD GENERATE $70 BILLION IN REAL MONEY BY 202029-May-2016
Suddenly, Facebook’s $2 billion purchase of virtual reality hardware maker Oculus doesn’t sound quite so crazy.
Market researcher TrendForce said Thursday that the total value of the virtual reality market, including both hardware and software, will reach $70 billion by 2020.That would be a tenfold increase from the $6.7 billion that TrendForce expects the industry to generate next year.
“These explosive growth projections actually do not sufficiently reflect just how hot the VR industry is right now,” TrendForce wearable device analyst Jason Tsai said in a statement. “The figures do not include the value of non-commercial uses of VR technology. For example, the industry is currently pushing the development of free software and do-it-yourself apps. While these projects do not immediately generate revenue for the developers, they [still] have a vital role.”
Source : re/code
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