Virtual Reality Seen Growing To $2 Trillion Long Term

The future landscape of the Internet of Things will be largely occupied by virtual reality and augmented reality products and services.

With new entrants on the consumer hardware side like Sony’s just-released PlayStation VR, which is expected to sell millions of units by the end of the year, the VR and AR markets are growing.

The VR and AR market is forecast to grow by almost 30 times its size after 2020, according to a new study from Citi’s Global Perspectives and Solutions group.

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