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Virtual Reality Projected to Become a $7 Billion Business This Year, Hit $75 Billion by 2021

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Photo via Topher McCulloch on Flickr under the Creative Commons License

Variety reports: “Global virtual reality revenues will reach $7.17 billion by the end of this year, according to a new report by Greenlight Insights, which is also predicting that global VR revenues will total close to $75 billion by 2021. More than 65 percent of all VR revenues will come from headset sales this year, according to Greenlight. Consumer content will make up for around 12 percent, and VR cameras will make up another 11.6 percent.”

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