What is virtual reality gaming?
In virtual reality (or VR) gaming, players can experience a 3D environment and interact with that environment throughout the duration of the game. A research report from Forrester estimates that 52 million VR displays will be used by customers and enterprises by 2020.
Virtual reality technology is expected to be the next step in gaming innovation. At the E3 2015 Live Streams and Press Conference in July 2015, Facebook (FB) and Microsoft (MSFT) announced the combination of Facebook’s Oculus Rift and Microsoft’s Xbox One.
This clearly indicates Facebook’s and Microsoft’s growing interest in the virtual and augmented reality space, the latest innovation in the gaming world. The leading players in the gaming space are Microsoft’s Xbox One and Japan-based (EWJ) Sony’s (SNE) Nintendo (NTDOY).
The virtual reality market expected to reach $5.2 billion by 2018
According to a KZeroWorldswide report, and as the chart above shows, the consumer VR market is expected to total $5.2 billion by 2018.
Technology firm NVIDIA (NVDA) also uses its platform and network approach and leverage and scale approach in the gaming sector. The company is tapping the opportunity for advanced technology brought by the upgraded gaming consoles such as Sony’s PlayStation 4, gaming content such as mods, and VR.