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VR could Replace Television – says Frost & Sullivan

According to the business consulting firm Frost & Sullivan, the Virtual Reality market has a potential to “replace television” as the sector balloons in the next five years. Virtual reality is likely to have implication in both the fronts – commercial users as well as consumers.

The research claims that the global Virtual reality hardware and software market is expected to grow from US$1.37 billion in 2015 to US$33.90 billion by 2022, at a CAGR of 57.8% amid 2016 and 2022.

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