Virtual Reality market will be worth $70 billion by 2020

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Trend Force has  published  a report that total value of Virtual Reality (VR) technology—both software and hardware—would reach $70 billion by the end of 2020.According to the market intelligence provider, more companies have started investing in VR devices, as customers seek enhanced audiovisual experience. Currently, companies have been burning the candle at both ends to generate enhanced VR technology in various fields.

All big tech firms such as Google, Amazon, Microsoft, Facebook, and Apple are constantly trying to integrate VR technology to further improve their technology and services.The latest report by TrendForce indicated that the total value of VR market would reach $6.7 billion in 2016, which will further skyrocket to $70 billion in 2020.

 

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