|2 June 2016|

The number of consumers and businesses using Virtual Reality (VR) technology is increasing rapidly, according to a new report.

Worldwide adoption of this type of groundbreaking technology, being spearheaded by companies like Sony and HTC, is skyrocketing according to the International Data Corporation’s (IDC) Worldwide Augmented and Virtual Reality Hardware Forecast, 2016–2020.

“VR is an increasingly hot topic at technology events, government meetings and consumer entertainment events, injecting a boost of much needed excitement into consumer IT and business applications markets,” says Neo Zheng, Research Manager, Client System Research, IDC China.

Neo added:“What started as a great concept, VR is quickly becoming reality for consumer and business applications. With the participation of major global manufacturers, the VR market is set to enjoy rapid growth in the second half of 2016. This results in upstream and downstream benefits, with VR chip/screen suppliers providing more specially designed components and video game developers offering more VR content. We expect the VR ecosystem and user demands to dramatically change in the coming years.”