Virtual Reality (VR) was predicted to be a fast growing market and this is more and more obvious by the sheer amount of investments by industry giants, all in an effort to push VR forward across a myriad of platforms. Analytics firm Quid reported that names such as Intel, Facebook, and HTC are some of the biggest investors where VR is concerned. VR and augmented reality (AR) are predicted to hit revenue of about $10 billion before the year is over. It makes sense to see all those big corporations, and other joining them, investing in VR as there is more money to be made in return over the course of the future.
A short check on LinkedIn reveals a 300 percent increase in the number of VR-related jobs posted in the last one year where Facebook, under the Oculus brand, was leading the pack with 86 vacancies. Companies like Intel, Nokia, and Cybercoders also had vacancies for VR related jobs.
It is not surprising to see Facebook investing the most, since the social networking giant has been among the first companies who took VR and AR very serious. Facebook users would be able to benefit from AR in the form of the upcoming Facebook Spaces social VR app. It would be interesting to see where would Intel and HTC like to move forward with VR and AR technologies.