And that will soon create really serious money, according to market research firm Trendforce.
In a report, it said the total value of VR – including hardware and software – will be worth $70 billion in 2020. Next year it will only be worth $6.7 billion.
The reason, according to Jason Tsai, a Trendforce analyst, is because people continue to seek more audiovisual experiences.
He said that outfits like Facebook and YouTube will provide software tools and support services to make VR videos/
He said the development of VR is not necessarily based on wearable devices made by the likes of Sony. He said much of the growth will come from independent vendors.