Most people expect big things from the market for virtual reality (VR) gear. After all, when Facebook Inc. (FB) paid $2 billion for Oculus Rift in 2014, that pretty much put the stamp of approval on the technology and its future. <\/p>\n
Marketing intelligence firm Tractica noted in February that the global market for VR hardware and content totaled just $592.3 million in 2016. The firm expects that total to rise to $9.2 billion by 2020. <\/p>\n
There are a couple of hurdles, though. First is price. Facebook just dropped the price of the Oculus headset and Touch motion controllers by a total of $200 to $499 for the headset and $99 for the controller. But that's still pretty steep. There are cheaper VR devices, but Oculus has established itself as the premium player. <\/p>\n
ALSO READ: Connected Home Technology Still Limited to Early Adopters <\/p>\n
Another issue is connectivity. While many headsets do not require a wired connection to the PC, without such a connection performance suffers. Oculus, for example, not only requires a cable connection to the PC but to get the best VR performance out of the VR gear, you need a souped-up PC. <\/p>\n
And once you've spent the money, what can you do with VR? Best Buy Co. Inc. (BBY) offers a list of five applications and experiences you can use right now with your new VR setup: <\/p>\n
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5 Things You Can Do With Virtual Reality - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Most people expect big things from the market for virtual reality (VR) gear. After all, when Facebook Inc. Continue reading