VR market has been growing at an unprecedented rate and will reach a total value of $70 billion by 2020.
The Oculus Rift became a sensation after a successful kickstarter campaign in 2012, which raised around $2.4 million. Palmer Luckey invented the Rift to enhance overall gaming experience, however, it is also being used for activities like virtual tourism, education, and for training purposes.
VR market has been growing at an unprecedented rate and will reach a total value of $70 billion by 2020.