Virtual Reality (Emerging Industry Overview)

This paper provides an overview of the virtual reality industry, primarily in the United States. The paper gives a snapshot summary of the emerging industry in the US, with additional sections on its development, organisation and structure, current conditions and leading companies.

Emerging Industry Overview: Virtual Reality

Industry Snapshot

Virtual reality (VR), as its name suggests, is a simulated version of reality wherein users feel they are "really" walking on a beach, flying a fighter jet, performing heart bypass surgery, or whatever else the VR software is programmed to do. Although virtual reality is commonly associated with science fiction and video games, it is a bona fide technology formed from a meld of computer hardware and software. While serious interest in virtual reality grew slowly, it gained momentum in the early years of the twenty-first century's first decade as sophisticated technology created...

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