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VR is a niche market, but is growing fast

VR remains a niche market at this writing, but it’s a growing one with huge potential. Several consumer headsets and VR cameras are now available to ship to consumers. According to Forrester Research, there will be 52 million headsets sold by 2020.

Other analysts are predicting 171 million headsets sold by 2018. Either way, analysts are bullish about the overall growth of the VR industry.

There is an ongoing debate whether 360° video is truly VR. It can be considered a subset of VR that will have its place in live events such as sports, concerts, lectures, religious events, training, conferencing, and cinematic experiences.

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